>

>

Prime residential site along Saint Thomas Walk on the market for $68 mil

/ EdgeProp |

May 30, 2018 11:45 AM SGT

Join our Telegram channel and follow our Facebook for the latest update.

A prime, freehold site on Saint Thomas Walk in District 9 is on the market for $68 million for sale by tender, announced sole marketing agent Edmund Tie & Company (ET&Co). The 12,809 sq ft property is owned by a single family. The asking price reflects a land rate of $2,190 psf per plot ratio, including an estimated development charge of $10.56 million, payable to intensify the plot ratio to 2.8.

So far this year, there have been brisk sales at new residential projects in the vicinity like Gramercy Park, New Futura, and Martin Modern, says Tan Chun Ming, ET&Co’s senior director of investment advisory. “These positive take-ups highlight the confidence of the market in the luxury and high-end residential segment. This property, given its single-owner status, provides certainty in completion timeline, offering developers the opportunity to leverage on the current upbeat market sentiments,” he asserts.

As the property is in the Central Area, the usual restriction on the maximum number of dwelling units, based on an average unit size of 70 sq m or 100 sq m, does not apply and there is no specific cap on the number of dwelling units. Under the 2014 Master Plan, the site has a gross plot ratio of 2.8. It could be redeveloped into a high-rise boutique development with a maximum height of 36 storeys, subject to approvals.

The tender exercise will close on July 3.

Stay updated with En Bloc Singapore - Latest News, Enbloc Potential, Listings & Sales in 2021

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00