Singapore
Singapore: Knight Frank is pleased to launch 2 residential redevelopment sites in District 10 for sale by tender.
Dynasty Garden
Dynasty Garden, a freehold redevelopment site located along Sixth Avenue, has a land area of 6,809.8 sq m (approximately 73,300 sq ft). Currently on site are 33 walk-up apartments with unit sizes ranging from 97 sq m to 242 sq m.
At a guide price of $105 m, this translates to a land price of $1,432. Owners may expect sale proceeds ranging from $2.8m to $5.4m.
21 Lim Tai See Walk
21 Lim Tai See Walk, adjoining to Dynasty Garden, has a land area of 1,179 sq m (approximately 12,691 sq ft). Currently on site is a 2-storey detached house.
The guide price for 21 Lim Tai See Walk is $17 m, which translates to a land price of $1,340 psf. Under the 2008 Master Plan, both sites are designated as “3-storey mixed landed”.
When Dynasty Garden and 21 Lim Tai See Walk are combined, the land area is 85,991 sq ft. Based on URA’s prevailing guidelines for strata landed developments, 52 strata terrace houses or 38 strata semi-detached houses could be built, subject to approval.
The prestigious District 10 address provides an excellent opportunity for developers to build unique and luxurious cluster homes. It is also enhanced by its strategic location to the nearby Holland Village and numerous reputable schools such as Raffles Girls’ Primary School, Nanyang Primary School, Nanyang Girls’ High School, Henry Park Primary School, Methodist Girls’ School, Hwa Chong Institution and National Junior College.
Buyers can opt to tender for the combined sites or either one.
Tenders for Dynasty Garden and 21 Lim Tai See Walk will close on 5 October 2011 (Wednesday) at 4pm.
For further information, please contact:
Name: Ian Loh
Designation: Associate Director, Investment
Knight Frank Pte Ltd
DID: 6228 6823
HP: 9687 0170