Maison Royale up for en bloc sale
By Ephraim Seow | Posted: 01 September 2010 1507 hrs

SINGAPORE: Maison Royale, a freehold site in the Newton area, is the latest development put up for en bloc sale.

This is despite the recent cooling measures announced by the government earlier this week and the release of more government land for private residential housing.

The development located at No.1 Surrey Road is going for at least S$48 million.

This translates to about S$1,220 per square foot per plot ratio.

The site has a land area of about 14,107 square feet.

The site is designated for residential use with a plot ratio of 2.8 and an allowable height of up to 117m above mean sea level.

Currently, it has 20 apartment units with sizes of 1,249 and 1,636 sq ft.

The marketing agent, Urban Front Real Estate, said the site can be redeveloped into a 40-unit residential project with an average size of 988 sq ft per unit.

It added each owner will receive payments calculated based on their share value and strata area.

The closing date for the public tender is September 28.

-CNA/wk