Three-Storey Building Sold For $18mil In This Year’s First Collective Sale
Located near Mount Emily Park, the freehold homes covers a total location range of 515.5 sq meter also comes with an existing gross floor area of 1,499.3 square meter. Sector for residential use under the 2K19 URA Master Plan, the residential property carries a plot ratio of 2.1.
It lies at the edge of the town centre, with the Little India Mass Rapid Transit station a bare 200 meter walk. The property is furthermore among close proximity to Orchard Rd plus the Core Biz Area.
Swee Shou Fern, ED of Inv Advisory at ET&Co, made public the fact that the $18 million value works out to a land fee of $1.115K per square foot ppr, with none development rate payable because of the residence’s great development baseline.
” The tender enticed particularly keen enthusiasm coming from real estate investors along with builders a result of its perfect site as well as minimum amount. The 100% home owners’ permission additionally granted the construtor sureness in transaction finalization timeline,” she included.
ZACD Grp Chairman Kain Sim reported the procuration remains in channel by the organization’s “target in obtaining homes with value added possible in prime places”.
” I see a terrific future to produce the present residential property toward a standout package with respect to urban residing.”
ZACD Grp is a combined property administrator listed in Hong Kong also headquartered in Singapore.