Is Collective Sale a feasible option?

There are many considerations when accessing a property for collective sale and they include the following:

• What is the current Zoning Masterplan?
• What is the development cost involved for the site usage to be changed from industrial to residential?
• Is this project under built?
• What is the current land price for such zoning?
• Will there be any financial loss for the owners and how great is the impact of the loss?
• Is there any encroachment that we need to be aware of?
• Is there enough premium for owners to agree to en bloc?
• What is the selling price of the new development in that location?
• Does this premise qualify for the Masterplan 2019 CBD Incentive?
• Is this project affected by height restrictions?
• Is this project affected by the 85-sqm or 100-sqm ruling?
• Can there be a change of zoning from industrial factory to warehouse, data centre or Food factory?

To assess the viability of a collective sale, owners will have to furnish the strata area and share value of every unit .

Submit to tracygoh@propnex.com

For Sale by Tender

Island View

• Address: 38A-D Jalan Mat Jambol

• Tenure: Freehold

• Land Area: 28,757.3 sqm / approx. 309,543 sqft

• Master Plan 2019 zoned Residential, GPR 1.4

• Potential GFA: approx. 433,361 sqft

• Elevated Site with Sea View

• Backyard Nature

• In the midst of Future Greater Southern Waterfront

• Proximity to Science Park, One-North, Mapletree
  Business City, Alexandra Technopark

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Tender Closing 19 Oct 2023, Thursday at 2pm

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