City Towers, Sixth Avenue Centre and Kovan Apts join en bloc wagon
Savills Singapore is also marketing Kovan Apartments, a four-storey freehold residential redevelopment site along Kovan Road.
This latter site comprises 16 units and was completed around 1995. With a site area of 21,193 sq ft and Masterplan (2014) plot ratio of 1.4, the site can be redeveloped into a boutique development of gross floor area about 29,670 sq ft with 27 units averaging 1,075 sq ft. It is surrounded mostly by low-rise private residences.]
The asking price is S$33 million, excluding an estimated DC of S$2.57 million as the site is not fully built to its allowable plot ratio.
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