Grand Tower up for sale by tender
The redevelopment site can accommodate 74 apartments averaging 800 sq ft each and has an indicative price of almost S$89 million.
Grand Tower is a boutique freehold residential site located at the junction of Sinaran Drive and Moulmein Rise. The 33-year old tower block consists of 28 apartments with an area of about 1,873 sq ft each, occupying an area of approximately 21,742 sq ft.
The site can potentially be redeveloped into a high-end lifestyle development with permissible Gross Floor Area of 5,974.64 sqm (approximately 64,310 sq ft) exceeding the allowable plot ratio of 2.8 as indicated in the 2008 Master Plan.
Savills Singapore is handling the sale. No development charge is payable.
The tender for Grand Tower will close at 3pm on 28 July 2011.