No, 27 Moulmein Rise, together with a smaller piece of adjacent land, was launched for sale by tender at a reserve price of $110 million ($1,525 per plot ratio). According to marketing agent Savills, both plots of the freehold land are owned by 27MR Pte Ltd and no development charges are payable.

The residential development sites have a total area of 22,198 sq ft and a plot ratio of 2.8. They are located at the junction of Moulmein Rise and Sinaran Drive and have a combined maximum allowable GFA of 72,147 sq ft, inclusive of the 10% balcony bonus GFA. Subject to approvals from the relevant authorities, the sites may be developed to yield up to 87 units based on an average of 70 sq m, says Savills.

The tender will close on April 18.