CategoriesProperty News

Euro-Asia Park up for en bloc sale at S$500m

DISTRICT 13 freehold condominium Euro-Asia Park will be put up for collective sale via public tender on Tuesday (Sep 13) with a guide price of S$500 million, said exclusive marketing agent OrangeTee Advisory on Monday.

The low-rise development was built in 1996 and has a total of 163 units. It has a land area of about 129,793 square feet (sq ft) and is zoned for residential use with a gross plot ratio of 2.8 under the Urban Redevelopment Authority Master Plan 2019. 

Developers can expand up to its maximum allowable gross floor area of 338,860 sq ft — which includes an additional 7 per cent bonus floor area for private outdoor spaces. This will bring the land rate per square foot per plot ratio to S$1,520, taking into account an estimated land betterment charge of S$71.5 million.

Source: Business Times
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