Euro-Asia Apartments, the freehold enbloc site is located at 1037 Serangoon Road, in district 12 of Singapore.
The redevelopment site has a land area of 56,476 square feet and is designated for residential development.
Its gross plot ratio is 2.8 and its permitted gross floor area is around 158,132 square feet.
The developers picked up Euro-Asia Apartments site due to huge array of amenities proximity to the site.
Two MRT stations close to the site are Boon Keng station and Geylang Bahru. There are many bus services that also serve the area.
City Square Shopping Mall, Bendemeer Shopping Mall, Connexion at Farrer Park, Bendemeer Market & Food Centre, and Mustafa Centre can all be reached within 5 minutes by car.
Bendemeer Primary, Hong Wen School, and St Andrew Junior are among the schools within one kilometer.
The Central Expressway and Pan Island Expressway are both nearby, and the Central Business District is a 15-minute drive from the location.
Euro-Asia Apartments’ owners have attempted a collective sale more than 4 times, including in 2010, when it was listed for sale at $142 million.
They tried again in 2018 at $200 million but without success.
This year in 2022, they were successful due to hungry-land developers, timely launch, the attractiveness of the site, and the buoyant residential market.