Makeway View sold to Bukit Sembawang Estates for $168 million

Bukit Sembawang Estates Limited has purchased the freehold District 9 development of Makeway View via an en bloc sale in March 2018.

After adding an estimated development charge of approximately S$21.26 million to the sale price of S$168 million, the land rate of the transaction would be S$1,626 per sq ft per plot ratio (psf ppr).

Makeway View is situated within 1km of the 3 popular primary schools of SJI (Junior), ACS (Pri) and ACS (Junior).

The nearest MRT station to Makeway View is Newton MRT station, which is roughly 400m away.

Before buying Makeway View, Bukit Sembawang purchased the 99-year leasehold District 15 development of Katong Park Towers in an en bloc sale at S$345 million in March 2018.

The new project developed at the former site of Katong Park Towers would be named LIV@MB.

 

 

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

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