Le Arc Apartment Up for 2nd En Bloc Sale at $18.5 million

Another en bloc sale is up in the market, this time for Le Arc Apartment. Here’s all you need to know about it:

The minimum offer for Le Arc is $18.5 million, down from its initial $20 to $22 million range last year. The sale closes on 8th May, at 3.30 p.m.

The price of $18.5 million translates to around S$847 per square foot per plot ratio (psf ppr). It’s $792 psf ppr, inclusive of the seven per cent bonus balcony area and estimated development charges of S$150,000.

If the collective sale goes through, each unit’s owner can expect about $1.6 to $1.8 million from the home sale proceeds.

The freehold property is located at 6, Lorong 26 Geylang, comprised of a four-storey building with 12 apartment units. It sits on a 7,859.9 square feet site zoned for residential use, and a gross plot ratio of 2.8 under the Urban Redevelopment Authority’s (URA) 2014 Master Plan.

Le Arc Apartment also has an allowable height of eight storeys, subject to URA confirmation. This means the new development could yield 22 to 25 apartment units.

Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.

About Maelyn Lagman

Looking to sell your property?

Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.

One easy way is to send us a request for a credible and trusted property consultant to reach out to you.

Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.

If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.

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