Singapore property classifieds where you can buy HDB flats, sell condominium, rent service apartments, find landed property for sale, lease bungalows, and rooms rental.
MAISON Royale , a freehold residential site in Newton, has been put up for collective sale.
Owners of the 20-unit project are asking at least $50 million. Including an estimated $300,000 development charge (DC) and taking into account a plot ratio of 2.8, the price works out to $1,273 per square foot per plot ratio (psf ppr).
Maison Royale is on 14,107 sq ft of land. It is located at the junction of Newton and Surrey roads, a three-minute walk from Novena MRT station. Some 40 units of about 1,000 sq ft each can be built on the site, PropNex said.
If the site is sold for $1,265 psf ppr, the breakeven cost will be around $1,665 psf, it said. The successful developer could launch the apartments in the new development at around $1,915 psf, the firm added.
Condo Guide 
District 1: City - Marina Area
