Dublin Lodge On Sale For $67.55mil
The proprietors of Dublin Lodge, a 2 storey housing development along Dublin Road, ahead Killiney Rd, have placed the free ownership project available for sale, forecasting tenders above their $67.55 million retain value, reported professional marketing and advertising agent Knight Frank Singapore.
This calculates to 2,500 psf based on the 27,020 square ft land area.
Situated in excellent District Nine in a privileged dead end, the project comprises 8 bounded terraces by having floor measurements of somewhere between 238 square meter and 240 square meter. It settles on a typical molded site which is zoned for “non commercial, 2 floor merged landed” use under the 2K19 Master Plan.
The property takes pleasure in a 55 metre frontispiece onto Dublin Rd and lies in close proximity to the Orchard Road shopping street. It is equally close-by Somerset MRT Station alongside Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank observed that every of the homeowners have actually granted the transaction, clearing away the demand to involve the Strata Titles Board for the request of sale.
Aside from retaining the plot’s ongoing purpose as strata terraces, the future client can rebuild it in to a single mansion house or partition the property into up to eleven terrace land parcels, based on the specific authorities’ permission.
“Dublin Lodge sets extraordinary possibilities for house owners and also developers that are truly eager to make use of the thriving landed market. This type of reconstruction ventures are generally rare to come by due to the reduced supply of landed properties, particularly in the center of S’pore’s retail vicinity. Though nestled among the bustling town centre, the project remains around a tranquil area, off of the traffic and the commotion,” shared Ian Loh, Head of Capital Markets (Land & Building, Collective & Strata Sales) at Knight Frank SGP.
The tender for Dublin Lodge ceases on 6Apr.