A 27-unit residential with commercial development in Waterloo Street has been put up for sale.
District 7 Heats Up Again
CBRE, the exclusive marketing agents announced the launch of Min Yuan, an apartment development with first storey commercial for S$145 million.
There is a development charge of S$19.55 million payable on this 999-year leasehold site.
By considering the development charge for this 14,629 sq ft site, the price arrived at is S$2,678 psf ppr.
Announcing the launch, CBRE informed that the site can be redeveloped into a hotel with 4.2 plot ratio with maximum permissible GFA of 61,443 square feet upon receiving necessary approval from the authorities.
The developers would need to meet the requirements for URA Outline Planning Permission and other re-zoning guidelines.
CBRE also shared details about comparable properties that transacted recently in the adjoining areas.
These include the Golden Wall Centre and the Waterloo Apartments where the priced ranged between S$2,550 and S$2,720 psf ppr once the development charges were factored in.