METROPOLITAN YMCA Residences at 58 Stevens Road has been put up for sale via tender with a guide price of S$57 million, announced sole marketing agent JLL on Monday.
Spanning 21,480 square feet (sq ft), the site is zoned residential with a gross plot ratio of 1.4 and an allowable height of up to five storeys. This amounts to about S$1,942 per square foot per plot ratio.
It is run as a serviced apartment with a total of 27 units, a swimming pool and a 24-lot basement carpark. This gives a total gross floor area of some 27,216 sq ft or a price of S$2,094 per square foot.
The successful buyer could redevelop the site to a boutique low-rise residential development for sale or retain its serviced apartments use, noted JLL.