Jade Towers tender launched

The collective sale of Jade Towers has an indicative guide price of S$108.8m to S$110.8m.

Jade Towers comprises two 10-storey blocks with a total of 72 apartments of about 1,453 sq ft each. Savills Singapore said that subject to confirmation by the relevant authorities, the site with an area of 92,412 sq ft can potentially be redeveloped or reconfigured to accommodate a gross floor area of 131,702 sq ft exceeding the allowable plot ratio of 1.4 as stipulated in the Master Plan 2008.

Located along Lew Lian Vale, off Upper Serangoon Road in District 19, it is minutes walk from the Nex Mall, Serangoon MRT Station and Bus Interchange. Popular schools including Paya Lebar Methodist Girls’ School, Cedar Primary School and St Gabriel’s Primary School are all located within the 2-km radius of Jade Towers.

With a near rectangular configuration, the site can be redeveloped or reconfigured into 101 new condominiums averaging 1,200 sq ft each.

The tender for Jade Towers will close at 3pm on 16 February 2012.