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, with a plot ratio of 2.8 under the 2019 URA Master Plan.

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 the District 15 development of Katong Park Towers in an en bloc sale at S$345 million, in the same month of March 2018.

The developer will build a new condo named LIV@MB at the site of the former Katong Park Towers.

Located just 3 minutes walk from Katong Park MRT station, LIV@MB will have a total of 298 units. The unit mix of the development will be 1 – 4 Bedrooms.




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