Residential units up for bulk sale at 336 River Valley Rd
By Timothy Tay
/ EdgeProp |
Twenty-two residential apartments at the freehold 336 River Valley Road are open for bulk sale by tender, announced marketing agent Richmond Capital Investments Pte Ltd. 336 River Valley is a 14-storey residential and commercial development along River Valley Road in prime District 9 and was previously known as AA Centre.
The 22 units for sale are on the seventh to 14th floors, and the total strata area for sale is about 38,976 sq ft. The guide psf price is from $2,200 to $2,300 psf. “The owners have decided to unite in the joint sale for the residential component in the development. It is a rare opportunity for investors to acquire a substantial shareholding in terms of floor area in a prime freehold residential cum commercial asset,” says Stella Hoh, director at Richmond Capital.
336 River Valley is a residential cum commercial, freehold development. (Picture: Richmond Capital Investments)
The units could be converted into service apartments, subject to the authorities’ approval. The development has 28 residential units, and the remaining six units may be sold at a later date, says Hoh. 336 River Valley sits on a 33,757 sq ft site which is zoned for residential use under the 2014 Master Plan. It has a plot ratio of 2.8 and a height restriction of 10 storeys. In 2013 the six floors of the commercial component were sold to Far East Organization for its office operations.
The development is served by the Somerset MRT station, and is accessible via Killiney Road and Devonshire Road.
The tender will close on June 6.
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