Established approximately 30 years ago, in 1986, the East Court building which is nearby the Eunos MRT station and many schools, was being mentioned in an announcement that it will be open for en bloc sale. It has a price of S$19 million.
Taking the development charges into consideration, it will then be translated into $1,028 per square feet per plot ratio.
This building has a total of 13,351 square feet and it is under the residential sector, and has a total plot ratio of 1.4. As mentioned, it is close to the Eunos MRT station and in the future where the Thomson – East Coast Line is launched and ready, it will be convenient for residents as there will be the Marine Parade MRT station. There are several prestigious schools that are within the vicinity such as Tanjong Katong Secondary School, Tanjong Katong Primary School, Tao Nan School.
The sales agent mentioned that as the development had secured 100 percent consensus from its owners, it is not required to have a consent from the Strata Titles Board and the buyer who bought it can begin the development immediately once paid.
It was mentioned that the developer has an option and freedom of decision to make use of the allowable 10% balcony space such that the total plot ratio is 1.54 rather than 1.4.
The bidding process for East Court will be closed on the 26th of October.