Yi Mei Garden up for collective sale

A freehold residential site at Tampines Road has been put up for collective sale by public tender.

The 14-storey development, Yi Mei Garden, is located near Kovan MRT and Heartland Mall.

ERA Realty Network, the marketing agent for the property, said the indicative price range for the plot is between S$132 million and S$135 million.

ERA said the development charge payable would work out to be between S$750 and S$758.00 per square foot per plot ratio.

The site occupies a land area of 78,030 square feet and has a gross plot ratio of 2.1, according to the Master Plan 2008.

It can potentially yield an achievable proposed gross floor area (GFA) of 163,864 square feet, which can potentially be re-developed into two towers.

Source : Today – 7 May 2013

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