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SINGAPORE – A residential development site situated off Upper Serangoon Road has been put up for sale via public tender at an indicative price of $13.5 million.
This works out to $850 per square foot (psf) on a land area of around 15,871 square feet (sq ft), exclusive marketing agent CBRE said on Tuesday.
The site is zoned for residential use with a plot ratio of 1.4, based on the Urban Redevelopment Authority’s (URA) Draft Master Plan 2019.
The site, which is delta-shaped, is located at 62 Florence Road and enjoys a dual road frontage of 55 metres along Florence Road and 45 metres into Lim Ah Pin Road. It is occupied by a vacant single-storey detached house which was built in the 1930s.
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