Rio Casa, a privatised HUDC estate, has been put up for sale by tender. The owners are expecting offers of above $450.8 million for the redevelopment site, which translates into a land rate of approximately $586 psf ppr.

Located along Hougang Avenue 7, Rio Casa comprises seven residential blocks of 286 apartments and maisonettes. Under the Master Plan 2014, the 396,231 sq ft site is zoned for residential use with a gross plot ratio of 2.8. The maximum permissible gross floor area is approximately 1.11 million sq ft.

Knight Frank is the exclusive marketing agent. The tender closes on May 23.

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