CNA : Pearlbank Apartments, former Mitre Hotel site up for en bloc sale - 6 Aug 07
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Dan @ 94 777 977
Aug 7, 2007, 8:02:23 PM8/7/07
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Singapore News
Pearlbank Apartments, former Mitre Hotel site up for en bloc sale
By Loh Kim Chin, Channel NewsAsia | Posted: 06 August 2007 1950 hrs
Pearlbank Apartments
SINGAPORE : Two more sites have been placed for collective sale.
One of them is Pearlbank Apartments at the edge of Chinatown.
The 290 owners expect to get at least S$750 million for the 7,600 square
metre site.
This will translate to a land price of S$1,445 per square foot per plot
ratio.
The second site up for collective sale is a 40,000 square foot freehold
parcel on Killiney Road.
The land is currently occupied by a two-storey pre-war building, formerly
known as Mitre Hotel.
The site, which has been zoned for residential redevelopment, has a gross
plot ratio of up to 2.8 with a maximum gross floor area of up to 112,000
square feet. - CNA/ch
Pearlbank Apartments, former Mitre Hotel site up for en bloc sale
By Loh Kim Chin, Channel NewsAsia | Posted: 06 August 2007 1950 hrs
Pearlbank Apartments
SINGAPORE : Two more sites have been placed for collective sale.
One of them is Pearlbank Apartments at the edge of Chinatown.
The 290 owners expect to get at least S$750 million for the 7,600 square
metre site.
This will translate to a land price of S$1,445 per square foot per plot
ratio.
The second site up for collective sale is a 40,000 square foot freehold
parcel on Killiney Road.
The land is currently occupied by a two-storey pre-war building, formerly
known as Mitre Hotel.
The site, which has been zoned for residential redevelopment, has a gross
plot ratio of up to 2.8 with a maximum gross floor area of up to 112,000
square feet. - CNA/ch
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