Realty Centre launched for collective sale at $165 million

By
/ EdgeProp Singapore
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January 7, 2019 3:40 PM SGT
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Realty Centre at 15 Enggor Street is within the Central Business District (Credit: Cushman & Wakefield)
In the first commercial collective sale this year, Realty Centre, an office building at 15 Enggor Street, is up for the taking at a reserve price of $165 million. This translates into a land rate of about $2,714 psf per plot ratio (ppr), and is inclusive of an estimated development charge amount of $2.188 million, according to marketing agent Cushman & Wakefield.
The freehold Realty Centre has a land area of about 11,000 sq ft. The site is zoned “Commercial” according to the 2014 Master Plan. It has an allowable gross plot ratio of 5.6 times and a maximum storey height of 35 storeys. It has a verified gross floor area of about 59,355 sq ft, or a plot ratio of 5.396.
The property is located within a 5-minute walk to the Tanjong Pagar MRT Station on the East-West Line, and the upcoming Prince Edward Road MRT Station on the Circle Line which is due to complete before 2025.
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The tender for Realty Centre will close on February 21, at 3pm.