Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a two storey housing project on Dublin Rd, away from Killiney Road, have recently put the free of lease property in the market, forecasting offers exceeding their $67.55 mil preserve deal, disclosed distinctive marketing real estate agent Knight Frank Singapore.
This turns out to 2,500 psf formed on the 2,510.2 sq m acreage.
Located in peak District 9 in an exclusive blind alley, the property consists of eight bounded terraces alongside ground measurements of somewhere between Two hundred Thirty-eight sq m and 240 sq m. It sits on a normal carved site that is zoned to “non commercial, 2 floor blended landed” application in the 2K19 Master Plan.
The project indulges in a 55 m frontispiece onto Dublin Road plus is positioned beside the Orchard Road retail belt. It is in addition in close proximity to Somerset Mass Rapid Transit Terminal in addition to Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank recorded that all proprietors have actually accepted to the transaction, abolishing the demand to involve the STB for the request of sale.
Apart from saving the site’s ongoing usage as strata terraces, the future buyer can rebuild it in to a solo mansion or partition the project into right up to eleven terrace land parcels, subject to the related bodies’ authorization.
“Dublin Lodge sets astounding benefits for property owners as well as property developers who are really eager to tap on the blooming landed market. Such reconstruction ventures are generally unusual to follow by because of the constrained supply of landed residences, specifically in the core of SGP’s shopping district. While located among the busy central, the development continues to be inside a peaceful area, beyond the disturbance and the traffic,” reported Ian Loh, Head of Capital Markets (Land & Building, Collective & Strata Sales) at Knight Frank SGP.
The offer for Dublin Lodge wraps up on 6April.