Greenlodge Condominium up for collective sale, asking price S$135m

Greenlodge Condominium on Toh Tuck Road has been put up for collective sale.

The owners are asking for S$135 million for the site, which works out to S$683 per square foot per plot ratio (psfppr) inclusive of development charge.

The freehold land of about 14,000 square feet currently comprises 80 units.

Its marketing agent, Newman & Goh, believes the site can be potentially redeveloped to 211 units of boutique apartments at an average size of 1,000 square feet.

Newman & Goh expects the new development to be able to fetch at least S$1250 per square foot.

The en bloc tender closes on 13 January 2010.