The 84-unit Euro-Asia Apartments at Serangoon Road has been launched for en bloc sale. The property sits on a freehold site of 56,477 sq ft.
The reserve price is said to be $200 million, which translates to a land rate of $1,160 psf per plot ratio, based on the existing gross floor area and plot ratio of 3.053.
Developers may build up to the 3.053 plot ratio, instead of the 2.8 plot ratio under the 2014 Master Plan, subject to the Pre-Application Feasibility Study and other approval from authorities, says William Gan, the marketing agent for the property …..
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