Friday, May 25, 2012

Farrer Drive site up for tender

A residential site at Farrer Drive (pictured) was launched for sale yesterday after a developer committed to bid a minimum price of S$88.89 million, said the Urban Redevelopment Authority (URA).

The 99-year leasehold plot was made available for sale on 16 April 2012 under the reserve list system. It has a total area of 6,268.3 sq m with a maximum permissible gross floor area (GFA) of 10,030 sq m and a maximum building height of eight-storeys.

The site enjoys good accessibility to major roads and expressways, including Farrer Road, Holland Road, Ayer Rajah Expressway (AYE) and the Pan-Island Expressway (PIE).

“The site is located about 10 minutes’ drive from Orchard Road, Singapore's premier shopping district, where residents can enjoy diverse shopping, dining and entertainment experiences,” said the URA.

“The future residential development will appeal to families with school-going children. Reputable schools located within the vicinity include ACS International, Nanyang Primary School and St Margaret’s Secondary School.”

The URA noted that the site tender will close on 21 June 2012 and the successful tenderer will be based on the tendered land price only.

View the original article here

Source From Property Guru

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