SINGAPORE - A prime development site at 15 Hoe Chiang Road will be put up for sale with a guide price of S$715 million via expression of interest on Wednesday, exclusive marketing agent JLL said on Tuesday .
This effectively increases the GFA to about 310,604 sq ft or an equivalent GPR of 7.896 under the Central Business District Incentive Scheme, JLL said. 15 Hoe Chiang Road was previously put up for sale in 2015 via expression of interest but did not change hands, The Business Times understands. These include an option of"residential and commercial" with at least 60 per cent residential GFA or a full hotel with 25 per cent additional GPR. There is an option of"residential with commercial at the first storey" with an additional 30 per cent GPR.
High-end residential developments such as Wallich Residence, Altez, V on Shenton, Icon and Skysuites@Anson are near the development site.
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