Margate Point in Katong up for sale in maiden en bloc attempt with S$38m minimum expected price
Wed, May 02, 2018
MARGATE Point, a 15-unit apartment development at Margate Road, has been put up for sale by tender in its maiden en bloc attempt at a minimum expected price of S$38 million.
To-date, owners representing 14 out of 15 of the apartments have already inked their consent to the collective sale. Should the last unit’s consent be obtained, the owners can bypass the Strata Titles Board application process and work towards legal completion taking place within three months of contract.
Located off Meyer Road and Mountbatten Road, Margate Point has a land area of about 12,800 sq ft and is zoned “residential” with an allowable gross plot ratio (GPR) of 2.1 under the 2014 Master Plan …..
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