Ampas Apartment En Bloc 2018

//Ampas Apartment En Bloc 2018
Ampas Apartment En Bloc 2018 Sold for $95 million to Oxley Holdings

Ampas Apartments En Bloc 2018

Ampas apartments, off Balestier road, nestled in a quiet corner offers an idyllic retreat, right in the heart of Singapore.  This condo in District 12 is comprised of 43 units and was built by Jihe Development Pte Ltd in 1990.

Access to the property is excellent through MRT stations Novena, Toa Payoh and Boon Keng which are in close proximity to the condo, Hong Wen School, St. Joseph’s institution Junior and Balestier Hill primary Schools are among the closest education institutions.

Other amenities in the immediate neighbourhood of the property include NTUC Fairprice at Zhongshan Mall, Shaw Plaza, and Lor Limau. The Novenna shopping is just 15 minutes drive from the Condo, and there is no dearth of eateries and cinema theatres in the surroundings of the Condo.

Ampas Apartments is also easily accessible by car from the vibrant shopping district and business hub at Orchard Road and it takes under 10 minutes when one takes the Central Expressway.

The 16 storeys high Ampas Apartments has only 43 units in this freehold development and is now offered under collective sale through tender on 21st December at an asking price of $105 million translating to approximately S$1,240 psf ppr according to Huttons Asia, who are the marketing agents for the property.

Ampas sits on a site with 30,239 square feet and is within a short distance from Shaw Plaza and Balestier Plaza that are mixed use developments.

The property is zoned residential under the 2014 Master Plan and has a 2.8 plot ratio. The gross floor area for the site is set at 84,669 sq ft.

This would allow a redevelopment to have 120 apartments with an average of 700 square feet per apartment.

Presently, the 16 storeys of the property comprise of 60,612 sq ft as the total strata area. It is abutting the Kemaman Point which is an 89-unit condo that is also considering a collective sale, as stated by Knight Frank.

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City Gate Singapore
2018-11-03T21:38:01+00:00December 27th, 2017|News|