Mixed-use tower High Street Plaza was put on the market on Wed for collective sale via public tender. The reserve price for the 999-year leasehold building is S$239 million, ERA said. Located at 77 High St, the 11-storey property is largely made up of offices, and was completed in the 1970s. Its price tag works out to a land rate of about S$2,153 ppsf ppr, based on the 110,974 sqft of as-built GFA or development baseline confirmed by URA for the plot. That area is equivalent to a gross plot ratio of 8.388, ERA said. At present, the site is zoned for commercial use with a lower gross plot ratio of 7.0, which is equivalent to a GFA of 8,603 sqm. High Street Plaza occupies a site area of about 13,229 sqft. ERA confirmed that owners holding not less than 80 per cent of strata area and share value of the commercial property have agreed to offer it for en bloc sale at the stated reserve price. The tender for High Street Plaza closes on Feb 24.... Continue Reading