Three-Storey Building Sold For $18mil In This Year’s First Collective Sale
Located near Mt Emily Park, the freehold residential properties covers a full location measurement of 515.5 sq meter also incorporates an existing gross floor area of 16,138 square ft. Sector for household purpose within the 2K19 Urban Redevelopment Authority Master Plan, the residential property provides a PR of 2.1.
It lies at the fringe of the city centre, with the Little India MRT interchange a mere 200 meter distant. The residence is likewise among convenient distance to Orchard Road and the Core Business Area.
Swee Shou Fern, ED of Inv Advisory at ET&Co, made public that the $18 mil price tag calculates to a land price of $1.115K psf ppr, without building cost payable due to the residential property’s large creation guideline.
” The tender tempted incredibly keen attention out of investors including creators a result of its prime location along with small amount. The hundred% owners’ consent also gave the builder sureness in offer finalization schedule,” Shou Fern continued.
ZACD Grp Chairman Kain Sim reported the procuration remains in path alongside the business’s “focus in securing residences which has value included possible in prime spots”.
” I glimpse a wonderful potential to establish the present house right into a rare product in place of city residing.”
ZACD Group is an integrated asset organizer publicly traded in HK furthermore located in Singapore.