A freehold residential site located at 1177 Serangoon Road has been launched for sale by tender. According to Savills, the appointed marketing agent for the sale, the indicative price for the site is $50.8 million.
The land belongs to a single owner and is located within 600m of the Potong Pasir MRT station. A two-storey industrial block is currently occupying the 31,705 sq ft site. According to the 2014 Master Plan, the parcel is zoned for residential use with a plot ratio of 2.8 and a maximum gross floor area (GFA) of 88,774 sq ft.
The tender closes on Nov 29.
A two-storey industrial block is currently occupying the 31,705 sq ft site.
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