120 Grange Road up for sale by public tender

By
edgeprop.sg
|
October 25, 2019 4:58 PM SGT
A group of investment holding companies has placed three residential properties near Orchard Road up for sale by public tender. The three properties are 3 Cuscaden Walk, 120 Grange Road and 8 Hullet Road. Bidders can choose to bid for either one or two or all three properties.
Completed in the early 1990s, 3 Cuscaden Walk comprises a 12-storey tower with 11 four-bedroom apartments that each average 3,627 sq ft. Under the 2014 Master Plan, the property has a land area of 21,560 sq ft that is zoned for residential use, with a gross plot ratio of 2.8. It has a height control of up to 36 storeys. The plot is located within 300m of ION Orchard and the Orchard MRT station. The property could attract offers in excess of $100 million, which reflects an indicative land rate of $1,900 psf per plot ratio, according to JLL’s head of residential in Singapore, Karamjit Singh.
Meanwhile, the property at 120 Grange Road comprises an 11-storey block of 18 flats with a combined strata area of 26,350 sq ft and a land area of 15,780 sq ft. Under the 2014 Master Plan, it is zoned for residential use, with a gross plot ratio of 2.1 and a height control of up to 24 storeys. The property is 370m away from the upcoming Orchard Boulevard MRT station on the future Thomson-East Coast line.
3 Cuscaden Walk
120 Grange Road

8 Hullet Road