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The property consists of 3 commercial plots with a total land area of 2,744sqm and is surrounded by offices, shops and residential units. The plots fall within the planning zones EB1, EB2 and KG2 (commercial zones) with a maximum building density coefficients of 200%/160%/160% and a land coverage coefficient 50%/50%/50% over 10/6/5 floors respectively. The property may be eligible for additional building density through government incentives.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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