Freehold residential site in Newton for sale at $20 mil

By
/ EdgeProp Singapore
|
October 7, 2020 1:35 PM SGT
SINGAPORE (EDGEPROP) - A freehold residential site at Newton is on the market at a guide price of $20 million, or approximately $1,467 psf per plot ratio, according to JLL, which is marketing the property.
1C Evelyn Road - EDGEPROP SINGAPORE
1C Evelyn Road (Credit: JLL)
Spanning 9,873 sq ft, the site at 1C Evelyn Road is zoned residential. It has a gross plot ratio of 2.8 and an allowable height of up to 36 storeys under URA’s Master Plan 2019.
Currently, there is a two-storey detached house with an annexed self-contained apartment unit on site.
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In 2019, approval was granted from the authorities for the site to be redeveloped into a boutique residential development comprising 25 apartments with a minimum average of unit size of 100 sq m (1,076 sq ft). The potential gross floor area of the development would then be 29,578 sq ft, inclusive of the additional 7% bonus gross floor area for balconies.
The site is a seven-minute walk to Newton MRT Interchange Station on the Downtown and North-South Lines.
The expression of interest exercise for the site closes on Nov 4, at 2.30 p.m.
Check out the latest listings near: 1C Evelyn Road, Newton MRT Interchange Station