The Regalia in prime district 9 is attempting a collective sale with a guide price of $403 million, announced CBRE, the marketing agent. The freehold condominium sits on a 63,371 sq ft site, and the guide price reflects a land rate of about $1,892 psf per plot ratio (ppr). Including the 10% bonus balcony area, the land price will be about $1,814 psf ppr.
Located along River Valley Close, The Regalia comprises 112 apartments and four penthouses. The condo has an existing gross floor area (GFA) of about 213,052 sq ft, which translates into a plot ratio of about 3.36. The site is zoned “residential” with a plot ratio of 2.8, and a height control of up to 36 storeys. No development charge is payable up to the existing GFA. The site can be redeveloped to a maximum allowable GFA of 234,357 sq ft, and the new development could comprise 302 units.
The Regalia attempts collective sale with $403 mi