Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a two level domestic development along Dublin Rd, up front Killiney Rd, have actually put the free ownership property for sale, anticipating submissions greater than their $67.55 mil preserve value, confessed special marketing specialist Knight Frank S’pore.
This turns out to 2.5K per sq ft based on the 2,510.2 sq meter acreage.
Situated in top Area Nine in an unique blind alley, the property comprises 8 strata terraces along with floor sizes of among Two hundred Thirty-eight sq m and Two hundred Forty sq meter. It lies at a regular formed site that is sector to “home, 2 level merged landed” utilization under the 2K19 Master Plan.
The property enjoys a Fifty-five metre frontage onto Dublin Road and lies neighboring the Orchard Road shopping belt. The development is additionally close-by Somerset MRT Terminal alongside Dhoby Ghaut MRT Interchange.
Knight Frank observed that all home owners have indeed granted the transaction, abolishing the obligation to involve the STB for the order of sale.
Besides holding the site’s present purpose as strata terraces, the prospective prospect is able to rebuild it in to an individual mansion house or split the property in to right up to 11 terrace land parcels, based on the relevant authorities’ approval.
“Dublin Lodge sets spectacular potentials for property owners and also builders who are really interested to connect to the flourishing landed sector. Such reconstruction benefits are generally unusual to follow by caused by the constrained supply of landed homes, even more so in the heart of SGP’s shopping district. While found within the busy central, the development continues to be around a serene location, out of the traffic as well as the disturbance,” claimed Ian Loh, Head of Capital Markets (L&B, C&S Sales) at Knight Frank SGP.
The tender for Dublin Lodge wraps up on 6April.