Royalville En Bloc for $477.94 Million

Sky Top Investments has bought Royalville for S$477.94 million, an entity of Allgreen Properties. The asking price of S$368 million has been surpassed.

The sale price being S$1,960 per sqft per plot ratio, as per the marketing agent Edmund Tie and Company revealed Friday (Dec 1).

This makes sense that each individual Royalville apartment owners will get S$3.09 million to S$3.76 million, whilst the maisonette owners will get S$5.42 million to S$6.64 million. The shop owners can expect S$5.67 million to S$10.38 million.

The property is placed near Sixth Avenue MRT station and covers a land area of 16,181.5 sqm, Royalville comprises 55 apartments, 11 shops and 38 maisonettes.

Coming Under Master Plan 2014 od Singapore, the site is mainly zoned for residential use having gross plot ratio of 1.4. The sprawling grounds allows the developers to build condominium up to 323 residential units including facilities.