Crystal Tower has been launched for collective sale through a tender at an indicative price of S$155 million, according to a Channel News Asia report.
The 28 unit, 11-storey residential development has a total area of 60,482 sq ft and a gross plot ratio of 1.6.
Located at Ewe Boon Road, the site offers a clear view of the Bukit Timah residential district.
The breakeven price for Crystal Tower is expected to be between S$2,200 psf and S$2,300 psf.
Based on the indicative price of S$1,600 psf ppr, current owners at Crystal Tower can receive amounts ranging from S$5 million to S$10 million each from the sale proceeds.
The tender for Crystal Tower will close on 4 August.
Meanwhile, Daisy Apartments is up for en bloc sale at an estimated price of more than S$14.5 million.
Located near Serangoon Gardens, the residential redevelopment site has a total area of 13,000 sq ft and a plot ratio of 1.4. The land is zoned for residential use and has an allowable height of up to five storeys.
Tan Hong Boon, Deputy Managing Director at Credo Real Estate, said that the site is expected to draw keen interest from small boutique developers.
The tender for Daisy Apartments will close on 3 August.
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