The freehold development sits on a 33,953 sq ft plot zoned for commercial and residential use, and the sale price reflects a land rate of $1,915 psf per plot ratio. Owners of the residential units are expected to receive gross sale proceeds of $3.44 to $4.79 million, while shop owners are expected to receive $1.64 to $10.62 million per unit, says marketing agent Edmund Tie & Co. (ET&Co), who brokered the sale.