Dalvey Court in Bukit Timah goes en bloc with $160 million reserve price

Jun 25, 2018, 12:51 pm SGT

SINGAPORE – Dalvey Court owners have put the condominium development near the Singapore Botanic Gardens up for collective sale with a reserve price of $160 million, according to a press statement on Monday (June 25).

The freehold, nine-storey building comprises 32 apartment units on 4,103.1 sq m, or 44,165 sq ft, of land off Bukit Timah Road. The site is zoned residential under the Urban Redevelopment Authority’s Master Plan 2014, and may be built up to 1.6 times the site area, also known as the plot ratio. There is a 12-storey height control on the site.

The reserve price represents a land rate of about $2,009 per sq ft per plot ratio, based on a gross floor area of 7,400.69 sq m, or 79,660 sq ft …..

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