Makeway View sold to Bukit Sembawang Estates for $168 million

Bukit Sembawang Estates Limited has bought the freehold Makeway View through an en bloc sale for S$168 million in March 2018.

The sale price translates to a land rate of S$1,626 per sq ft per plot ratio (psf ppr), after factoring an estimated development charge of about S$21.26 million.

Makeway View has a site area of 41,582 sq ft. The land site has a plot ratio of 2.8

The location of Makeway View is close to the 3 famous primary schools of St Joseph’s Institution Junior, Anglo-Chinese School (Primary) and Anglo-Chinese School (Junior).

Newton MRT station lies just 400 metres away from the development.

Before the purchase of Makeway View, Bukit Sembawang purchased Katong Park Towers in an en bloc sale at S$345 million, in the same month of March 2018. Katong Park Towers is located at District 15. The developer will build a new condo named Mountbatten Residences at the site.

 

 

Source: https://www.straitstimes.com/business/property/makeway-view-sold-to-bukit-sembawang-estates-for-168-million

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