Homeowners are currently into a re-signing process to reduce the price to $750m.
Windy Heights in Jalan Daud is up for collective sale for $806.2m, Knight Frank revealed. The freehold residential redevelopment site has a site area of 23,291 sq m with four residential blocks of 192 apartment units, eight penthouses, and two commercial units.
With a gross plot ratio (GPR) of 2.1, it has a gross floor area of 58,150.74 sq m which could yield up to 581 new residential units upon redevelopment. The regular-shaped property faces dual frontage onto Jalan Daud and Lengkong Tiga.
Situated along the Eastern Coastal Loop (Siglap Park Connector) which connects to Bedok Town and East Coast Park. the site is a two-minute cycle or a nine-minute walk away from Kembangan MRT station. In addition, it enjoys a proximity to Paya Leber Business Hub, Changi Business Park, and Central Business District through an MRT ride.
With the inclusion of a 10% bonus balcony GFA which works out to 63,965.81 sq m, the property has a land rate of $1,171 psf ppr, subject to the authorities’ approval. No development charge is payable due to the high development baseline.
The property owners are into an ongoing re-signing process to revise the reserve price to $750m. With the inclusion of a 10% bonus balcony GFA, the land rate will work out to S$1,089 psf ppr, subject to authorities’ approval.
The tender for Windy Heights will close on 7 September 2018 at 2:30 pm.
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