Long Hua Yuan site for sale at $58m

This figure is inclusive of a land betterment charge and an additional 7% bonus GFA.

Cushman & Wakefield (C&W) is putting Long Hua Yuan up for a collective sale for $58m, translating to a land rate of $1,368 psf per plot ratio.

This figure is inclusive of a land betterment charge and an additional 7% bonus GFA.

Long Hua Yuan is a freehold residential site located at Jalan Rimau within the private housing estates of Jalan Eunos and Bedok Reservoir in District 14. It comprises a row of 12 units of 3-storey strata landed terraces.

Additionally, it occupies a site area of 3,013.4 sq m (approximately 32,436 sq ft) with dual access along Jalan Rimau and Jalan Punai.

“This site offers an excellent opportunity for small and mid-size developers to build an exclusive suburban boutique residential project with strong demand from nearby HDB upgraders and young families looking to buy homes closer to their parents,” said Annalyn Ooi, director of Capital Markets at Cushman & Wakefield.

The tender will close on 10 June at 3:00 p.m.