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ICB Shopping Centre set for collective sale at $65-70 mil

By Tan Chee Yuen

/ EdgeProp |

September 26, 2017 5:00 PM SGT

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The owners of ICB Shopping Centre had given their consent for a collective sale on September 22. It has an indicative price of $65 million to $70 million, according to Strata AMC, the agency handling the deal.

Completed more than three decades ago, ICB Shopping Centre is located on Yio Chu Kang Road and about 1 km from Nex shopping mall and Serangoon MRT station. The mixed-use development comprises six apartment units of between 1,324 sq ft and 1,550 sq ft, and 13 retail units.

The development sits on a freehold 15,548 sq ft plot with a current gross floor area (GFA) of 25,123 sq ft. It has a plot ratio of 3.0 and can be developed to a maximum permissible GFA of 46,643 sq ft. Based on its GFA, the asking price range translates to of about $1,390 psf to $1,500 psf.

Ask Buddy

Most unprofitable condo transactions in past 1 year

Landed transactions with the highest profits in the past year

Condo projects with most unprofitable transactions

Upcoming new launch projects

Condo transactions with the highest profits in the past year

Most unprofitable condo transactions in past 1 year

Landed transactions with the highest profits in the past year

Condo projects with most unprofitable transactions

Upcoming new launch projects

Condo transactions with the highest profits in the past year

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ICB Shopping Centre collective sale

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