Serangoon Road Condo Former Euro-Asia Apartments Enbloc by KSH Holdings
Serangoon Road Condo is a new development located right at the heart of Boon Keng MRT Station by KSH Holdings. Serangoon Road Condo is a new development that is the former Euro-Asia Apartments which was successfully collectively sold to KSH Holdings.
The Euro-Asia Apartments were put up for enbloc and collective sale on June 1st, 2018. The developers are proposing to rebuild the land into a residential community of 172 dwelling units. The development will be located near the MRT station.
Serangoon Road Condo City-fringe location
The city-fringe location of Euro-Asian Apartments Collective Sale KSH Holdings piqued developer interest in the project. Serangoon Road Condo is near the Boon Keng MRT station and is zoned for residential use. The development site is close to amenities, and is within walking distance of a large market and food centre. The project is expected to generate robust interest from investors, and will also help replenish the developer’s landbank.
The sale of Euro-Asia Apartments comes as no surprise given the high demand for new homes in Singapore. The complex was put up for collective sale on June 1 this year, with a guide price of $218 million. Developers are planning to redevelop the site into a new residential development with around 172 units.
The KSH-led consortium is paying the equivalent of S$1,313 per square foot for the proposed development. The deal is expected to be financed through bank loans and internal funds. It is not expected to have a material impact on KSH’s financial position.
Serangoon Road Condo Accessibility to Boon Keng MRT station
Serangoon Road Condo Euro-Asia Apartments are currently up for collective sale. The developer intends to convert the site into a luxury residential development with up to 172 units. The development will be accessible to many amenities, including an MRT station.
The developer’s interest was prompted by several factors, including the prime location and accessibility to Boon Keng MRT station. Furthermore, there is a shortage of new residential dwelling units in the area. As such, this sale will allow the developer to replenish its land bank and supply more housing units to meet demand.
This development was completed in 1990 and consists of a 10-storey block of apartments. The apartments in the building are approximately 840 to 2,443 square feet in size. The site is zoned residential and has a maximum allowable plot ratio of 2.8.
Serangoon Road Condo Price per sqft
Serangoon Road Condo Euro-Asia Apartments have been put up for collective sale and en bloc sale by the developers. The price per square foot for the plot is around S$1,313 and the developers intend to build a landmark residential tower on the site. There will be 172 dwelling units.
The Euro-Asia Apartments are located in Kallang District 12 and rest along Serangoon Road and St Barnabas Lane. Its price per sqft is S$1,313, with the price per square foot incorporating the reward balcony location. The development sits on a site of 56,475 sqft with a gross plot ratio of 2.0139.
Serangoon Road Condo Near to Boon Keng MRT Station
Living in Boon Keng provides you with the opportunity to experience the city’s unique history and culture. This neighbourhood is home to the Tekka Centre and several eateries serving Indian and other cuisines. The area also has a large migrant community and a vibrant nightlife. In addition to a peaceful lifestyle, residents can also enjoy the convenience of being just a short walk from the Boon Keng MRT station.
Boon Keng is well-known for its delicious local cuisine. If you’re in the mood for a delicious chicken rice, you can visit the Boon Tong Kee outlet, which is located near the MRT station. The Bendemeer Food Centre is another option for local favorites.