Launching soon! Former Leong bee court.
http://www.18woodsville.com.sg/main.html
S P Setia International (S) Pte Ltd has bought Leong Bee Court (left), a freehold residential development, for $65 million. The 25-year-old development sits off Upper Serangoon Road, near Potong Pasir MRT Station, and covers 29,436 sq ft. It has received approval- in-principle to have a gross floor area of 71,751 sq ft.
The buyer can build an additional 10% balcony space without incurring further development charges, says HSR Property Consultants, which brokered the deal. S P Setia’s offer works out to a unit land price of $905.9 psf per plot ratio. Each owner will receive between $2.24 million and $2.85 million, depending on the size of their existing apartments, which range from 1,893 to 2,390 sq ft. The new development can be sold at $1,350 to $1,450 psf, says HSR.