11 Mattar Road Sold for S$8.52m

15 July 2019

The combined freehold site of 7,842 sq ft, accommodates 4 existing walk-up apartments of approximately 2,100 sq ft each.

Conveniently located 250m from the Mattar Road MRT station on the Downtown Line, the site was sold at S$8.52m representing a land rate of S$776 per sq ft per plot ratio based on the permissible Master Plan gross plot ratio of 1.4. No development charge is payable.

Despite the current weak property market sentiments, there will always be demand for small private plots near good amenities due to the affordable quantum and more importantly, this is essentially the primary source of landbank replenishment for the boutique developers/contractors segment.

 
 

Key Contacts

Suzie Mok

Suzie Mok

Senior Director
Investment

Singapore Head Office

+65 6415 3625