The former popular nightspot Zouk which new condo @ Jiak Kim Street lands on was sold to Frasers Centrepoint Limited (FCL) with the top bid of $955.4 million. The residential site @Jiak Kim St was on the Reserve List of the Government Land Sales programme and can be explore for a condominium development with Commercial on the 1st floor.
The bid of FCL translates to $1,732.55 per sq ft per plot ratio (psf ppr) that is 0.6 per cent above the bid from Hong Realty and Hong Leong Holdings.According to teh developer, the new condo on 13,482 sq m of Jiak Kim St is expected to be house full-condo facilities units with commercial use on the first floor.
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The research head for Singapore at Colliers International, Ms Tricia Song said that the bid of Jiak Kim St site shows confidence in a recovering property market among the developers.
Frasers Centrepoint Singapore chief executive Christopher Tang said that Jiak Kim Street New Launch is sited on "a rare location in a cosmopolitan locale, filled with rich heritage and character, sitting right on the edge of the Singapore River".
Jiak Kim Street - New Orchard Launch - the premium waterfront living condo should not MISS. Contact us now for more information.