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Estate Residential Site Tender Available

Knight Frank Singapore, the unique advertising and marketing representative standing for the enthusiasms of the owners of Kemaman Aspect by means of their cumulative sale board, enjoys to disclose the launch of the sale of Kemaman Point by tender. A property home redevelopment site off Balestier Roadway, Kemaman Point is a personal property estate comprising one home block of 89 home devices. With a site area of 4,071.5 sq m (approx. 43,825 sq feet), the land is routine and likewise appreciates a substantial frontage of 92 metres from Jalan Kemaman. Neighbouring condominiums consist of Pullman Residences.

Under the 2014 Master plan, the site is zoned "Residential" with a Gross Tale Proportion (GPR) of 2.8 as well as also can generate around 122,710 sq feet of gross flooring area upon redevelopment. Based upon the possible GFA as well as presuming the ordinary dimension of 70 sq m, there is an opportunity for 162 new residential or commercial property systems upon redevelopment. In relation to accessibility, the area is well-served by considerable arterial roads along with expressways such as the Pan-Island Expressway (PIE), Central Expressway (CTE) in addition to Balestier Road which supply smooth link to other parts of Singapore. The site is 12 mins' drive to the Central Business District and also 10 minutes' repel from the shopping along with enjoyment strip of Orchard Roadway. The site is provide positioned along the Central Urban Technicality (Whampoa Park Adapter), an islandwide network which links up parks and also nature sites.

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To Know More Project For The Avenir Condominium

The Avenir has actually been acquired by a tripartite joint containing GuocoLand (Singapore), Hong Realty, as well as Intrepid Investments. The collected offer at S$ 980 million is possibly the best deal inside one of one of the most current years. The vulnerable for the website drew in enjoyment from a great deal of outside as well as area designers. It's high offer worth I substantially more than the conserve expense of S$ 938 million by as long as 4.5%. GuocoLand as well as additionally Intrepid Investments holds 40% stake each as well as Hong Property holds 20% premium. Hong Leong Financial Investment Holdings (HLIH) asserts substantial handle both Hong Property and also Intrepid Investments.

The advancement consists of around 290 apartments as well as additionally 2 service systems. The deal comes after 80% of the owners assented the en partnership bargain. Owners of the devices at The Avenir will absolutely get somewhere in the collection of $3.36 and additionally $3.48 million as continues from the deal. Every one of the shop systems will absolutely be given between $2.2 million and $4.5 million. With an existing gross floor covering region of around 493,222 sq ft, The Avenir value means S$ 1,987 psf ppr. Including the 10% added overhang gross floor location, its maximum passable GFA is 542,544 sq ft which mirrors around S$ 1,806 psf ppr.

Being a house prepared in the prime focus of location 9, The Avenir values an essential area that is near a great deal of politeness. It is both near KI Residences Clementi and also Orchard Road getting belt, the focal service locale along with the future Great Globe City MRT terminal. Analysis from specialists shows that the land price for The Avenir may appreciate a breakeven price running someplace in the variety of $2,530 as well as additionally $2,800 psf ppr with a pictured advertising and marketing expenditure of $3,000 to $3,200 psf.