A residential parcel at Hillview Terrace has been put up for public tender.
According to DTZ, its marketing agent, property owners have agreed to release their units, which comprises of between 12 and 24 units, for an en bloc sale.
The 49,164-sq-ft freehold residential site can be developed into a 10-storey condominium project with a gross plot ratio of 1.92. This translates into a 103,835-sq-ft gross floor area, including an additional 10-percent balcony area.
The marketing agent said the size of the property is equivalent to approximately 100 residential units with an average size of 900 sq ft.
The property is expected to attract developers who are interested in developing a boutique condominium project, said DTZ. It added that a freehold residential site of this size rarely appears in popular residential areas.
Amenities such as Bukit Timah Shopping Centre and the West Mall also added to the property’s appeal. It will be served by Bukit Gombak and Bukit Batok MRT stations, as well the upcoming Hillview and Beauty World MRT stations, which are expected to open in 2015.
The public tender for the site will close at 3pm on June 22.