The land could be potentially subdivided into two GCB plots, although this will be subject to the approval of the Urban Redevelopment Authority, he added.
GCBs are the most prestigious type of landed housing in Singapore because of the planning constraints to preserve their exclusivity and low-rise character. A minimum plot size of 1,400 square metres is stipulated as a planning norm for newly-created bungalows in GCB Areas. In June last year, the 22A King Albert Park bungalow was put up for sale via an expression of interest exercise by Edmund Tie & Co, although the agent did not provide the asking price.
The King Albert Park estate is bounded by Bukit Timah Road and Clementi Road. Malls nearby include Bukit Timah Plaza, Beauty World Centre and The Grandstand. Educational institutions in the vicinity include Raffles Girls' Primary School, Henry Park Primary School, Nanyang Girls' High School, Hwa Chong Institution, Ngee Ann Polytechnic and Singapore Institute of Management.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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Source: BusinessTimes - 🏆 15. / 51 Read more »