“The land rate of Gisborne Light is attractive and fairly adjusts for the current market sentiment following the introduction of new cooling measures on July 6, 2018,” said marketing agent Colliers International, citing transactions in the area with land rates ranging from $1,734 psf ppr for Balmoral Mansions to $1,847 psf ppr for City Towers.
The 17-unit condominium at Ewe Boon Road sits on a 13,841 square foot site zoned as residential under the Urban Redevelopment Authority’s 2014 Master Plan with a gross plot ratio of 1.6. Subject to relevant approvals from the authorities, it could potentially be redeveloped into a luxury boutique residential project comprising 27 units with an average unit size of 780 sq ft, said Colliers …..
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Mike Tan | CEA Regn R059706Z | 98280030