The Stradia up for collective sale for $22mil

Keshia Faculin1 Dec 2017

The Stradia

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.

POST COMMENT

You may also like these articles

Braddell View owners eyeing $2 billion en bloc sale

The 918-unit project is the last HUDC estate to be privatised. (Photo: HDB)The residents of the biggest HUDC estate here plan to hold an extraordinary general meeting on 10 October to form a collectiv

Continue Reading19 Sep 2017

Mayfair Gardens up for en bloc sale at $265m

The asking price works out to a land rate of around $1,058 psf per plot ratio. (Photo: Knight Frank)Mayfair Gardens off Dunearn Road has been launched for collective sale, with the owners expecting of

Continue Reading23 Oct 2017

Pine Grove en bloc sale sows discord

The present collective sale process of the 660-unit Pine Grove condominium has become the most contentious with many issues emerging following two previous attempts, said 12 residents, reported the St

Continue Reading30 Nov 2017