Three more sites being sold en bloc

THREE more freehold sites were put up for collective sale yesterday.

One is a 32-unit estate sitting on 18,656 sq ft of land at 396 to 398 River Valley Road. It is going for an indicative price of $36.5 million, or about $700 per sq ft per plot ratio (psf ppr). It can yield 65 units at 800 sq ft each, said marketing agent Savills Singapore.

Eden Spring at Balmoral Road also went on sale yesterday with a price tag of $53.5 million. A development charge of about $3.7 million is payable, which works out to $1,050 psf ppr for the site.

The 34,023 sq ft plot can be developed into a 12-storey condominium with 31 units of 1,600 sq ft each, said marketing agent DTZ Debenham Tie Leung.

DTZ is also marketing Himiko Court in Ridgewood Close, off Mount Sinai Drive. Himiko Court owners hope to get $348 million, or $850 psf ppr including a development charge of $1.07 million.

Himiko Court sits on a 195,401 sq ft site, on which a 24-storey condominium can be built, said DTZ. The new condominium can have about 230 units of 1,600 sq ft each.

FIONA CHAN