Oct 29, 2007
A freehold residential development along River Valley Road has been put up for enbloc sale.
Residents at the 33-unit Rivieria Point are asking for $73.5 million for the development or about $1,800 per square foot per plot ratio.
Marketing agent Newman & Goh says the site has a plot ratio of 2.8 and can be re-developed into a project with 27 ultra luxurious boutique apartments averaging 1,500 square feet in size.
The maximium height for the site is 36 storeys.
Tender closes on the 23rd of next month.
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