Jervois Gardens, a 17-unit freehold development situated in River Valley, is set to launch a tender for an en bloc sale on 29 August (Tuesday). The asking price for Jervois Gardens is $68 million which works out to about $1,297 psf per plot ratio. Each owner can expect to pocket $3 to $4 million.
The 34,038 sq ft development is comprised of two 4-storey walk-up blocks housing 14 maisonettes and 3 apartments. With a plot ratio of 1.4, the property can be redeveloped into a 5-storey residential building with 60 apartment units sized at 850 sq ft each.
The marketing agent for this sale is Colliers International and the tender will close 26 September.
Find out more about other properties that were placed for collective sale over the weekend: