Royalville, a freehold development site on Bukit Timah Road, is back on the market for a second time, with an indicative price of between S$320 million and S$370 million.
In its last tender exercise in July 2011, the asking price for the 93-unit four-storey condo was between S$370 million and S$400 million.
The property has a land area of around 174,176 sq ft and a gross plot ratio of 1.4. It has an allowable building height of up to five storeys.
With a price tag of S$320 million, this translates to around S$1,312 psf ppr. Inclusive of the additional 10 percent balcony space, this works out to about S$1,197 psf ppr, including a development charge (DC) of approximately S$1.16 million.
Marketing agent Credo Real Estate said the tender for the property will close on 15 February 2012.
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