Owners of Rosalia Park, a freehold property close to Serangoon Central in District 19, have contracted JLL to help sell their residential property at a reserve price of S$175 million.
The public tender, which JLL is attending to together with four other collective sales tenders, is set to close on June 28, 2018.
Rosalia Park, an 88-unit condominium whose construction was completed in 1995, sits on a site 103,177 sq ft in size with plot ratio of 1.4 is located along Lorong Ong Lye.
JLL, the designated marketing agent, expects the property to attract a lot of attention from developers.
Together with the other four properties JLL is currently marketing under collective sales tenders, the total sales revenue is expected to exceed S$1.2 billion.
The reserve price for Cavenagh Gardens is the highest of all the five properties, the owners having set it at S$480 million.
Already JLL, the property marketing agent, is confident the Rosalia Park site is going to attract both local and foreign developers and it is not just because the site is under freehold ownership.
Its connectivity is very good, Serangoon MRT is only 0.6km away which is less than 7 mins walk. Beside it serve 2 lines which is Circle Line and North East Line.
Future residents can access to all area of Singapore easily.
Best of all Nex Mega Mall, one of the most popular shopping destination is above the MRT Station. It has large variety of stores and dining options.
Another sign that the location is likeable is the presence of three decent schools nearby, which include St. Gabriel’s Secondary School, ½km away, Paya Lebar Methodist Girls’ Primary School, 0.67km away and Paya Lebar Methodist Girls’ Secondary School, which is 0.68km away.