Riverside Piazza near Clarke Quay for collective sale with $198m reserve price

The Riverside Piazza near Clarke Quay is up for sale at a reserve price of $198 million, it was announced yesterday.

The complex comprises 40 apartments and 24 shops, with sizes ranging from 58 sq m to 333 sq m. Each owner could stand to receive between $2.23 million and $9.47 million from the collective sale of the development, depending on the size of their unit.

The reserve price for the 99-year leasehold property at 11 Keng Cheow Street works out to a land rate of $2,602 per sq ft per plot ratio, including the estimated differential premium to convert to hotel use, marketing agent Colliers International said …..

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