Dublin Lodge On Sale For $67.55mil
The homeowners of Dublin Lodge, a 2 storey non commercial project on Dublin Rd, over Killiney Rd, have actually put the free of lease project in the market, hoping for bids beyond their $67.55 mil preserve price, confessed professional marketing and advertising agent Knight Frank S’pore.
This figures out to 2,500 psf built upon the 2,510.2 sq m land area.
Found in key District Nine in a special dead-end street, the project consists of 8 bounded terraces along with floor areas of somewhere between Two hundred Thirty-eight sq m and 2hundred 40 square meter. The property sits at an usual molded plot that is sector for “residential, two level blended landed” utilization in the 2K19 Master Plan.
The development relishes a 55 metre frontispiece onto Dublin Rd and lies in close proximity to the Orchard Rd shopping belt. It is also close to Somerset Mass Rapid Transit Station in addition to Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank recorded that every of the property owners have indeed accepted to the sale, clearing away the demand to involve the STB for the request of sale.
In addition to retaining the site’s present use as strata terraces, the interested prospect can absolutely rebuild it in to a solo mansion house or subdivide it into almost 11 terrace land parcels, based on the specific authorities’ permission.
“Dublin Lodge presents remarkable chances for property owners and even builders that are truly eager to tap on the booming landed industry. This sort of reconstruction chances are really scarce to find by due to the restricted source of landed houses, even more so in the heart of SGP’s retail district. Though situated inside the busy town centre, the project continues to be within a serene location, off of the disturbance as well as the traffic,” stated Ian Loh, Head of Capital Markets (Land & Building, Collective & Strata Sales) at Knight Frank SGP.
The tender for Dublin Lodge discontinues on 6April.