Owners of the 134-unit, freehold Cascadale, at Upper Changi Road East in District 16, have launched their property for collective sale for the first time at the reserve price of $270 million, or $1,071 psf per plot ratio.

The price tag includes an estimated development charge of $17 million before factoring in any bonus gross floor areas.

Cascadale sits on a 167,528 sq ft site zoned for residential use, with a gross plot ratio of 1.6. It is a seven-minute walk to Upper Changi MRT Station on the Downtown Line, and is close to Singapore University of Technology & Design (SUTD), Changi City Point, Changi Business Park, Singapore Expo and Changi Airport.

The property may be redeveloped into a condo comprising 292 units, each at 915 sq ft, says JLL, which is marketing the property.