St Francis Court in collective sale for $95 mil
St. Francis Court, a 99-year leasehold apartment at 90 Saint Francis Road in district 12, has been put up for collective sale. The development has a $95 million price tag and if the sale is successfully at that price, owners are expected to walk away with $1 million to $1.5 million each, says marketing agent ERA Realty Network.
St Francis Court has launched a collective sale attempt with a $95 million price tag (Picture: ERA)
The development sits on a 34,111 sq ft site which has a plot ratio of 2.8 under the 2014 Master Plan, and currently comprises 71 units in an 11-storey block. The site has 73 years left on its lease, and the premium to top up the lease is expected to cost from $9 million to $15 million. The site can be redeveloped to yield 100 to 120 units, and a pre-application feasibility study is also not required.
The public tender will open on Oct 18, and close on Nov 29.
See Also:
Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools
Far East Hospitality offers soft launch rates for two new hotels in Sentosa
En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc