Enbloc News: Bartley Grove Apartments

By The Folks @PropTalk - February 20, 2012 No Comments

A 25-unit residential development, Bartley Grove Apartments, along with three adjoining terrace houses located along Bartley Road have been put up for en bloc sale.

Marketing agent Credo Real Estate said the 65,305-square-foot site could fetch between $73 million and $75 million, with no development charge payable.

The prices reflect land rates of about $798 to $820psf ppr, with a gross plot ratio of 1.4.

Including an extra 10% Gross Floor Area (GFA) for balconies, the land rates could come up to $726 to $746psf ppr.

Credo said the combined site would allow a new development of about 100,570sqft of GFA to be built, with 115 apartment units at an average size of 800sqft, depending on layout and configuration.

The tender closes at 2.30pm on March 21.
Source: Channel News Asia

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