2 Boon Teck Road properties up for collective sale

The collective price of the properties is $105m.

Summer Green and Kingsley Mansion, an adjoining pair of freehold residential redevelopment sites located at 11 and 27 Boon Teck Road, are up for collective sale.

The guide prices for Summer Green and Kingsley Mansion are $53m and $52m, respectively.

"As a combined redevelopment site, this works out to a land rate of approximately $1,260 per square foot per plot ratio (psf ppr), inclusive of 7% bonus gross floor area for balconies and a total LBC payable of approximately $4.45m," CBRE, the property's marketing agent, said.

CBRE will sell both properties through a public tender exercise that closes on 22 November at 3 p.m. Interested parties are invited to submit separate bids for either or both sites.

Summer Green is a 13-storey residential development with 24 apartment units and a land area of 14,646 sq ft. Meanwhile, Kingsley Mansion is a 10-storey residential development with 18 apartment units and has a land area of 14,350 sq ft.

When combined, the two properties form a regular rectangular-shaped plot with a prominent frontage spanning approximately 60 m along Boon Teck Road and a depth of 45 m.

Both sites are zoned for “Residential” use, with an allowable gross plot ratio of 2.8 and a building height control of up to 36 storeys.

If redeveloped together, the combined site can accommodate up to 75 units, assuming an average unit size of 100 sqm.

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