Dublin Lodge On Sale For $67.55mil
The home owners of Dublin Lodge, a 2 floor non commercial development along Dublin Road, ahead Killiney Road, have already brought the free of lease project available for sale, anticipating bids above their $67.55 mil reserve figure, announced unique promotion agent Knight Frank Singapore.
This works out to 2.5K psf built upon the 27,020 sq foot ground area.
Located in key Area Nine in a privileged cul-de-sac, the development sums up eight bounded terraces along with floor areas of among 238 square m and 2hundred 40 square m. It settles at a regular carved site which is zoned to “home, 2 floor merged landed” usage under the 2019 Master Plan.
The development delights in a Fifty-five m frontispiece onto Dublin Rd plus is discovered close to the Orchard Road shopping belt. It is also close-by Somerset MRT Station in addition to Dhoby Ghaut MRT Interchange.
Knight Frank mentioned that every of the homeowners have actually granted the transaction, abolishing the requirement to involve the Strata Titles Board for the order of sale.
Aside from preserving the plot’s present use as strata terraces, the potential prospect is able to redevelop it in to an individual mansion or redivide the project in to as many as eleven terrace ground parcels, conditional the associated authorities’ authorization.
“Dublin Lodge leads to remarkable benefits for construtors and home owners that are truly anxious to connect to the booming landed market. This type of reconstruction possibilities are infrequent to find by because of the limited supply of landed residences, even more so in the center of S’pore’s retail district. Even though nestled within the busy downtown centre, the project continues to be inside a peaceful location, off of the noise as well as the traffic,” shared Ian Loh, Head of Capital Markets (Land & Building, C&S Sales) at Knight Frank Singapore.
The offer for Dublin Lodge discontinues on 6April.