Wednesday, February 15, 2012

Tai Keng Court put up for collective sale

Business Times: Tue, Feb 14
A STEADY stream of collective sales has hit the market since the beginning of this year, with Tai Keng Court, a freehold residential and commercial development on Jalan Lokam, being the latest.


Consisting of 56 strata apartments and 23 commercial units located in two blocks, the freehold site has an area of 103,798 sq ft, and is zoned 'commercial and residential' with a gross plot ratio of 1.4.


It has an allowable building height of up to five stories.


An adjoining state land of some 4,988 sq ft could potentially be amalgamated, yielding a potential gross floor area (GFA) of up to 152,301 sq ft for the combined site, subject to the relevant authorities' approval, said marketing agent Jones Lang LaSalle.


Some 121 residential units with an average size of 950 sq ft and 30 commercial units of an average 700 sq ft could potentially be built on the site, it added.


The indicative price for the development is $130 million; approximately $1.325 million is payable for the development charge.


Based on a GFA of 145,317 sq ft, this translates to some $903 per square foot per plot ratio (psf ppr)...

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Team Marshe
Martin Koh/ Sherry Tang
9383-3992/ 9844-4400
www.marshe.net
www.malaysia-properties.webs.com

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