A freehold residential block in prime District 9 was set up for collective inventory with a direct price of $24 million or roughly $1,485 per sq ft (psf) according to the present gross floor space of 1,499.3 sq m (16,138 sq feet ).
This includes after all the owners have consented to the purchase, revealed marketing representative Edmund Tie & Company.
Located at 2, 6 and 4 Mount Emily Road, the house includes three adjoining units of three-storey buildings together with loft and cellar. It occupies a 515.5 sq m (5,549 sq feet ) website that’s zoned for Residential usage beneath the 2019 Master Plan using a plot ratio of 2.1.
Edmund Tie & Company Executive Director of Investment Advisory Swee Shou Fern reported the land provides an”exceptional chance to change this well-located land to a boutique home improvement, which is subdivided into strata-titled flats available”.
“The astute investor may also research keeping the house as one residential block for co-living homes, subject to planning approval, which is quickly gaining popularity among millennials and expatriates,” she added.
The exercise for the freehold land closes on 11 August.