The guide price translates to approximately $1,068 psf per plot ratio (psf ppr), based on the potential gross floor area (GFA), inclusive of bonus balcony area, for apartment redevelopment.
PropNex Realty has announced the launch of the collective sale tender for the prime freehold property located at 98-98E Upper East Coast Road with a guide price of $14.128 million.
The property has recently secured the requisite 80% majority consent from owners for the collective sale, says PropNex in a June 3 announcement.
