Results 1 to 3 of 3

Thread: Austral View project in Tanjong Rhu for sale

  1. #1
    Join Date
    Mar 2010
    Posts
    974

    Default Austral View project in Tanjong Rhu for sale

    Business Times - 17 Feb 2011
    Austral View project in Tanjong Rhu for sale


    AUSTRAL View, a smallish apartment project in the Tanjong Rhu area, is up for sale by public tender with a price tag of $88 million, or $1,350 per square foot per plot ratio (inclusive of the 10 per cent balcony area).
    CB Richard Ellis (CBRE), the sole and exclusive marketing agent for the project, said in a press statement yesterday that the freehold residential site covers an area of 2,837 square metres (30,540 sq ft).
    It is zoned for residential use in the 2008 Master Plan with a gross plot ratio of 2.1, and a permissible building height of up to 24 storeys.
    CBRE said that at the asking price of $88 million, potential developers can break even at about $1,800 psf.
    Charles Hoon, CBRE's director for investment properties, said that recent caveats in some new projects such as the Aalto and The Seafront @ Meyer have hit above $2,200 psf.
    'We expect strong interest from a good pool of both local and foreign developers, contractors and investors looking to develop a high-end boutique development on the site,' said Mr Hoon.
    He added that the Austral View site was probably the only 'bite-size' site currently available in the Tanjong Rhu Road/Meyer Road vicinity.
    The area is a well-established residential estate. Both the Central Business District (CBD) and the Marina Sands Integrated Resort are a short drive away via either the East Coast Parkway or Nicoll Highway.
    The Austral View tender closes on March 17 at 3 pm.




    Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.

  2. #2
    Join Date
    Mar 2010
    Posts
    2,571

    Default

    Quote Originally Posted by Leeds
    Business Times - 17 Feb 2011
    Austral View project in Tanjong Rhu for sale
    AUSTRAL View, a smallish apartment project in the Tanjong Rhu area, is up for sale by public tender with a price tag of $88 million, or $1,350 per square foot per plot ratio (inclusive of the 10 per cent balcony area)....

    'We expect strong interest from a good pool of both local and foreign developers, contractors and investors looking to develop a high-end boutique development on the site, [/CENTER]
    another enbloc below $100m, believe there will be takers, developers may try their luck to squeeze owners slightly below asking price....let's see...m

  3. #3
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default

    http://www.businesstimes.com.sg/sub/...72740,00.html?

    Published February 17, 2011

    Austral View project in Tanjong Rhu for sale


    AUSTRAL View, a smallish apartment project in the Tanjong Rhu area, is up for sale by public tender with a price tag of $88 million, or $1,350 per square foot per plot ratio (inclusive of the 10 per cent balcony area).

    CB Richard Ellis (CBRE), the sole and exclusive marketing agent for the project, said in a press statement yesterday that the freehold residential site covers an area of 2,837 square metres (30,540 sq ft).

    It is zoned for residential use in the 2008 Master Plan with a gross plot ratio of 2.1, and a permissible building height of up to 24 storeys.

    CBRE said that at the asking price of $88 million, potential developers can break even at about $1,800 psf.

    Charles Hoon, CBRE's director for investment properties, said that recent caveats in some new projects such as the Aalto and The Seafront @ Meyer have hit above $2,200 psf.

    'We expect strong interest from a good pool of both local and foreign developers, contractors and investors looking to develop a high-end boutique development on the site,' said Mr Hoon.

    He added that the Austral View site was probably the only 'bite-size' site currently available in the Tanjong Rhu Road/Meyer Road vicinity.

    The area is a well-established residential estate. Both the Central Business District (CBD) and the Marina Sands Integrated Resort are a short drive away via either the East Coast Parkway or Nicoll Highway.

    The Austral View tender closes on March 17 at 3 pm.

Similar Threads

  1. Two freehold shophouses at Tanjong Katong up for sale at S$13m
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 10-02-20, 19:38
  2. Tanjong Katong shophouse up for sale
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 01-07-14, 12:19
  3. For sale Tanjong Ria condo 1281sqft. 3+1
    By francisyeo in forum District 15
    Replies: 4
    -: 18-08-09, 10:25
  4. Palazzetto Tanjong Rhu unit for Sale
    By landlord in forum District 15
    Replies: 13
    -: 07-10-08, 01:55
  5. MGPA's Marina View project to cost $5b
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 19-03-08, 18:03

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •