Oxley Holdings Limited successfully purchased McDonald’s Place at 11 King Albert Park with a price tag of $150 Million under a Joint Venture (JV) with Heeton Holdings, Kim Seng Heng Realty, Zap Piling and Lian Beng Group. This residential and commercial site known as King Albert Park Residences has an site area of 59,000 sqft and is used to known as McDonald’s Place which is a double-storey commercial building with seven strata units. Anchor tenants include Cold Storage supermarket and McDonald’s fast-food outlet and corporate headquarters.
This site is zoned for mix use purposes. Intended for Residential and Commercial development with a plot ratio of 3. Based on a potential gross floor area (GFA) of 178,700 sqft and a development charge (DC) of $65.8 million, the sale price translates into a land price of $1,207 psf per plot ratio (ppr), according to Knight Frank, which brokered the deal.
Site Area: 59,000sqft
Tenure: 999 Years
Address: 11 King Albert Park Singapore 598292
Plot Ratio: 3
McDonald’s Place is a commercial property located at 11, King Albert Park, 598292 in District 21. McDonald’s Place is primarily used for Commercial & Residential/Office rental and sale. McDonald’s Place is close to Dover MRT (EW22). It is near to several bus stops located King Albert Pk, Bukit Timah Rd – 42061, Aft King Albert Pk, Clementi Rd – 42149, Opp King Albert Pk, Clementi Rd – 42141 and Aft Rifle Range Rd, Dunearn Rd – 42059.