SRI Pte Ltd (“SRI”) as the exclusive marketing agent is pleased to offer this rare opportunity to acquire a freehold redevelopment land at 30 Bukit Batok East Avenue 6 (“The Property”), for sale via Public Tender.
The Property has a site area of 37,575 sq ft and Under Master Plan 2019, is zoned for Residential use with a Gross Plot Ratio of 1.4. The site has a prominent and wide road frontage of approximately 120 meters.
Low Choon Sin, managing partner of SRI Capital Market notes that the site is sitting on the enclave and will potentially have about 57 new residential units upon redevelopment. The property will benefit the developer’s confidence with successful sell-out projects from nearby beauty world rejuvenation.
Bruce Lye, managing partner at SRI, expects the site to draw strong interest from developers, given the rare supply of private residential land in the Bukit Batok neighbourhood. “Both the price quantum of the site and the potential number of new units that can be built are within the sweet spot,” he says.
Interested parties are invited to evaluate this opportunity and submit their tender bids by Wednesday, 21 September 2022 at 3:30 p.m
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