Three-Storey Building Sold For $18mil In This Year’s First Collective Sale
Situated near Mount Emily Park, the freehold properties occupies a full ground measurement of 5,549 sq ft as well as follows an existing gross floor area of 16,138 square foot. Sector for household usage under the ’19 Urban Redevelopment Authority Master Plan, the home possesses a plot ratio of 2.1.
It lies at the edge of the city hub, with the Little India MRT terminal a mere 200 m afar. The residential property is likewise amongst neighboring vicinity to Orchard Road as well as the Core Biz Area.
Swee Shou Fern, ED of Investment Advisory at Edmund Tie & Co, made public the fact that the $18 million price works out to a land rate of $1thousand 1hundred 15 per square ft per plot ratio, with none creation fee charged as a result of the home’s strong building baseline.
” The tender attracted incredibly keen curiosity coming from developers and also opportunists a result of its perfect area together with minimum quantum. The a hundred% homeowners’ authorization also supplied the developer assurance in offer achievement schedule,” she said further.
ZACD Grp Chairman Kain Sim stated the procurement remains in boundary with the organization’s “focus in attaining houses which has significance beefed up possible in perfect places”.
” I glimpse a terrific potential to create this home toward an exceptional furnishing in place of city residing.”
ZACD Group is a combined property leader publicly traded in Hong Kong and headquartered in Singapore.