SINGAPORE (EDGEPROP) - A freehold redevelopment site at 12, 12A, 20 and 28 Lorong J Telok Kurau Road is on the market at a guide price of $30.6 million, according to CBRE, which is marketing the property. (See also: Macly Group to preview Telok Kurau freehold mixed development on March 7)
Off Still Road, the 23,579 sq ft site currently houses two detached houses and a pair of semi-detached houses, which are to be sold collectively.
Including the development charges (DC) payable of $249,028 to maximise the allowable gross floor area, the price will work out to be $935 per square foot per plot ratio. An addition of the 7% bonus balcony area will bring the DC payable to $1.75 million, but which translates to a lower $916 per square foot per plot ratio, says CBRE.
Under URA’s 2019 Master Plan, the site is zoned for residential use with a plot ratio of 1.4 and a height control of up to five storeys.
Interested parties will need to submit their offers by July 29 at 3pm.