31-unit Casa Riviera freehold condo has launched for en bloc sale, announced by Mount Everest Properties who is the marketing agent of this site.
The property is situated in district 19 along Lim Tua Tow Road, off Upper Serangoon Road and is valued at $55 million.
Additionally, the freehold site measures 29,181 sq ft and has a plot ratio is 1.4.
Casa Riviera freehold is a 21-year old development which is zoned for residential use as per the 2014 master plan, it allow a height of up to five storeys in this site.
Base on the reserve price of S$55 million with 10% bonus balcony area included, the price would translate to $1,223 psf ppr.
Buyer will smile that no development charge is payable.
The tender of Casa Riviera will officially be closed on 13th November 2018.
Casa Riviera is located conveniently within close proximity to many amenities, food centers and malls. Serangoon MRT and Nex Mega mall is only 600m from the freehold site. It will serve the local residents daily needs, shopping and dining.
Beside these, Serangoon stadium is right at their doorstep. Many educational institutions like Zhonghua Primary, Peicai Secondary, Yangzheng Primary, Paya Lebar Methodist Girls’ School and Delhi Public School is also near to the site.
A good redevelopment site must have all these requirements and looks like everything is inside the developer’s checklist
All have to do right now is wait for potential buyer and need the best luck of all to find one.