Three-Storey Building Sold For $18mil In This Year’s First Collective Sale
Located near Mount Emily Park, the free lease homes covers an entire location range of 5,549 sq ft and comes with an existing GFA of 1,499.3 sq m. Sector for household usage within the ’19 Urban Redevelopment Authority Master Plan, the residence provides a plot ratio of 2.1.
It is positioned at the perimeter of the town centre, with the Lil India Mass Rapid Transit terminal a mere two hundred m afar. The residence is similarly in close distance to Orchard Rd plus the Central Business District.
Swee Shou Fern, Executive Director of Inv Advisory at Edmund Tie & Company, exposed that the $Eighteen million rate calculates to a land rate of $1.115K per square ft ppr, with none building charge payable due to the residence’s elevated building baseline.
” The tender enticed truly keen excitement from developers including venture capitalists because of its perfect venue together with little quantum. The hundredpercent owners’ authorization furthermore furnished the creator assurance in transaction fulfillment schedule,” she add on.
ZACD Grp Chairman Kain Sim reported the acquisition exists in channel by the firm’s “goal in purchasing homes which has market value boosted possible in perfect sites”.
” I look at an outstanding potential to establish this home toward a special furnishing when it comes to city residing.”
ZACD Group is a joint property organizer listed in HK also main office in S’pore.