Freehold Grange Heights site up for sale
By Tung Shing Yi, Channel NewsAsia | Posted: 05 March 2007 2124 hrs
SINGAPORE: A freehold prime residential site, Grange Heights on Grange Road, has been put up for sale.
The sole marketing agent Jones Lang LaSalle is now seeking what is known as an Expression of Interest by developers.
A 36-storey building can be built on the 135,000 square foot site near Orchard Road.
This means the site could be redeveloped into a high-rise condominium with a gross floor area of up to 380 square feet.
This could yield up to 80 to 90 apartment units with an average size of 3,800 square feet each.
Currently, the site consists of three blocks with 120 apartments.
The Expression of Interest will close at 3pm at the end of the month.
- CNA/so