Pine Grove and Peace Centre/Peace Mansion up for collective sale

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Collective sale activity is picking up a little, with two properties keen to try their luck, including the long-awaited bid by Pine Grove. The 660-unit condominium in the Holland Road cluster is being launched today at a reserve price of $1.86 billion. The price...

Singapore News, Singapore Headlines

Launch of Florence Residences will likely set tone for others: Report The other sale attempt comes from Peace Centre/ Peace Mansion, a prime mixed development site at 1 Sophia Road with a reserve price of $688 million. The block sits on a 76,617 sq ft site, with a gross floor area of slightly over 600,000 sq ft.

The reserve price reflects a land rate of about $1,474 psf ppr, before factoring in bonus balcony plot ratio for the residential component. This is the owners' fifth attempt at a collective sale. The site is zoned for commercial use and has a verified gross plot ratio of about 7.89. It could be redeveloped up to a height of 55m above mean sea level, said sole marketing agent JLL. An outline planning permission has been obtained.

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Then all the PRC KTV hostess who work at next door 5 KTV stay where?

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