Three residential sites are being launched for sale via public tender today.
The first site is Thomson View Condominium, which has a total land area of 540,314 sq ft and a gross plot ratio (GPR) of 2.1.
Zoned for residential development, the site is priced between S$595 million and S$635 million.
Located along Upper Thomson Road, Thomson View Condominium comprises 200 residential apartments, 54 townhouses and one shop lot.
Its marketing agent HSR noted that a future luxury development can yield some 1,012 apartments averaging 1,100 sq ft and 33 strata landed homes averaging 2,500 sq ft. A new development will likely fetch at least S$1,350 psf to S$1,600 psf.
The tender for the site will close on 12 January 2012.
At the same time, two adjoining freehold prime sites (165 and 167 Tyrwhitt Road), with a total land area of 24,265 sq ft, are being jointly marketed by Knight Frank and Colliers International at an indicative price of between S$36 million and S$40 million.
Located off Lavender Street, the land parcels can be converted to a six-storey commercial-cum-residential development with a gross floor area (GFA) of 72,795 sq ft.
The tender for this site will close on 8 December 2011.
Lastly, Chateau Eliza, a freehold residential redevelopment site along Mount Elizabeth, was also released for sale.
With an asking price of S$111 million to S$115 million, the land parcel has a land area of about 17,997 sq ft, and comprises 37 residential apartments.
The tender will close on 15 December 2011.
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