Victory Land acquires residential site at 1C Evelyn Road for $18.25 million
Evelyn Pte Ltd has bought the residential site at 1C Evelyn Road at $18.25 million. The land area of the purchased site is 9,873 square feet.
After factoring bonus balcony GFA, the price would translate to $1,363psf ppr (price per square feet per plot ratio).
The land site currently houses a 2-Storey detached house with an apartment unit joined to it. Under the URA (Urban Redevelopment Authority) Master Plan 2019, the land plot has a plot ratio of 2.8, which allows to the developer to build a residential building up to 36 Storey. The residential building can house 25 apartments with a minimum area of 100 square metres each.
Source: https://www.propertyguru.com.sg/property-management-news/2021/4/198034/victory-land-acquires-residential-site-at-1c-evelyn-road-for-18-25-million
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