Beaufort on Nassim up for collective sale at $222.68 mil

/ EdgeProp Singapore
August 28, 2019 6:08 PM SGT
Beaufort on Nassim (Credit: Savills Singapore)
SINGAPORE (EDGEPROP) - The owners of Beaufort on Nassim have launched their property for collective sale at an asking price of $222.68 million ($3,508 psf per plot ratio).
Completed in 2008, the four-storey development occupies an estimated 45,344 sq ft site, with a wide frontage of almost 65m. The freehold 30-unit condominium comprises a mix of two- to three-bedroom apartments and penthouses spanning from 1,238 to 3,692 sq ft. It is zoned for residential use with a gross plot ratio of 1.4, under URA’s 2014 Master Plan.
Subject to approvals from relevant authorities, the site may be developed into a luxury condominium of up to four storeys, at an approved gross floor area of 63,408 sq ft, says Savills Singapore, the marketing agent for the site.
The Nassim Road enclave is home to a number of embassies, Good Class Bungalows and high-end condos such as Nassim Park Residences, Sage and The Nassim.
The tender for the site will close at 3pm on Sept 30.
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