Densities, Values of Bennetts Lane Site Booms in Two Years

IN a sign of how dense living is set to become within the CBD grid, a tiny 120 square metre development site – big enough to fit about six parked cars – will become an 11-level, 25-unit apartment tower.

The owner of a site at 22 – 24 Bennetts Lane has decided to sell after obtaining a permit to redevelop the existing block into a major tower.

Two years ago, the site sold at auction for $1.1 million or about twice what had been expected.

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