Macly Group developer bought Freehold East Court apartment for $19.9 mil

East Court, an apartment with freehold situated on Koon Seng Road in District 15’s Joo Chiat area, is being sold through a private agreement with developer Macly Group for $19.875 million. The option to sell the property was exercised on the 20th of June as per William Gan, managing director at WGR Property Consultants, who was the broker for the deal. The price of the sale is an average land price of $1,063 for each plot.

The Reserve Residences Jalan Anak Bukit review of land area of 3.22 ha, the parcel situated at the junction of Jalan Jurong Kechil and Upper Bukit Timah Road enjoys a strategic location close to Beauty World MRT Station.

East Court is an affordable walk-up which was built in 1986. It is situated on a site that covers 13,351 square feet with an average plot ratio of 1.4. The eight units that are available in the development are located in one block of four stories, which ranges in size from 1500 sq ft to 1,700 sq feet.

Macly is believed to be planning to transform Macly is reportedly planning to transform the site to create a 5-storey building that will include 19 homes. This freehold site is situated close to shopping centers and restaurants in the vicinity of Joo Chiat Road. It is also a quick drive away from various malls, including Parkway Parade, i12 Katong, Katong Shopping Centre and Katong V. Other nearby facilities comprise East Coast Park, Dunman Food Centre 85 Marine Parade Central Market.