The Stradia, a mixed development site along Yio Chu Kang Road, has been put up for en bloc sale, with a guide price of about $22 million, reported Business Times.
This works out to a land rate of $889 psf per plot ratio.
Located at 78 Yio Chu Kang Road, The Stradia comprises eight residential units and three retail shops. It was built in the 1990s and is near Nex Mall, Serangoon Stadium and Serangoon Garden Village. The 8,241 sq ft site has a gross plot ratio of 3.0.
No development charge is payable for the site.
Marketing agent Mount Everest Properties said the freehold site is “suitable for budding boutique developers itching to enter the property market at a low quantum”.
It noted that the successful bidder can re-develop the site along with an adjoining remnant state land plot, subject to Singapore Land Authority’s approval.
The tender for the site will close on 10 January 2018.
This article was edited by Keshia Faculin.