This week in property: Highlights from Jan 7 to Jan 11

By Rachael Tan / EdgeProp | January 11, 2019 3:21 PM SGT
Property highlights of the week from Jan 7 to Jan 11:
1. Two semi-detached houses in Braddell Heights on the market for $12.3 mil
The two semi-detached houses have a guide price of $12.28 million (Credit: Savills Singapore)
A pair of semi-detached houses in the Braddell Heights landed estate in District 13 has been launched for sale via Expression of Interest (EOI), announced marketing agent Savills Singapore. The properties sit on a combined freehold plot of 11,136 sq ft, and have a guide price of $12.28 million, which translates to a land rate of $1,100 psf. The houses are also available to be sold separately on an ‘as is’ basis.
Located at 22 & 24 Jalan Lateh, off Sommerville Road, the rectangular-shaped plots have a 247.6 sq ft frontage and a 473.6 sq ft depth. The site is zoned for two-storey mixed landed residential use under the 2014 Master Plan.
2. Four retail shops, including a Havelock Road shophouse, launched for sale
This 1,574 sq ft shophouse has a guide price of $4.6 million to $4.8 million
Four retail shops have been put up for sale by Knight Frank. They include two shops within mature HDB estates, a three-storey, freehold shophouse along Havelock Road and a strata retail shop at Parklane Shopping Mall.
One of the HDB shops is along Jalan Bukit Merah and fronts the main road. With an indicative price of $3 million to $3.2 million, it comprises two adjoining shops with living quarters. The combined retail space on the ground floor is 1,507 sq ft, while the living quarters is also the same size. The retail space is currently tenanted to a childcare centre.
3. Penthouse office floor at Chinatown Point launched for sale
Chinatown Point is a mixed-use development completed in 1990 (Credit: CBRE)
The penthouse office floor in Chinatown Point has been launched for sale at a guide price of $2,080 psf via an Expression of Interest (EOI) exercise, with CBRE as the sole marketing agent.
With a combined strata floor area of about 9,719 sq ft, the sale offering consists of four strata-titled units, with areas ranging from 2,346 sq ft to 2,486 sq ft.
4. Ascott REIT divests Ascott Raffles Place for $353.3 mil
Ascott Residence Trust (Ascott REIT) is selling Ascott Raffles Place Singapore for $353.3 million to an unrelated third party.
Located on 2 Finlayson Green, the 999-year leasehold property comprises 146 units including studios, one- and two-bedroom apartments. It has a gross floor area (GFA) of 168,952 sq ft.
The sale price of $353.3 million is 64.3% above its latest valuation of $215 million at end-December.