HUA COURT, a freehold walk-up apartment block with just eight units and located in Paya Lebar Crescent, was launched for sale by public tender.
The block sits on a freehold 16,311 sq ft site.
The apartments in Hua Court are sized from 1,163 to 1,830 sq ft. The property has an indicative selling price of S$16.3 million, or S$1,000 psf.
Under URA's Master Plan 2008, the site is zoned for a three-storey, mixed landed residential development. The site can be redeveloped into a cluster housing project with 10 three-storey strata-titled terraces with basement parking, according to Alvin Er, senior vice-president of RE/MAX Singapore, who is marketing the property.
The tender for the property closes on Jan 8, 2013 at 3pm.
This story first appeared in The Edge Singapore weekly edition of Dec 10-16, 2012.
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