Dublin Lodge On Sale For $67.55mil
The home owners of Dublin Lodge, a two storey residential project on Dublin Rd, over Killiney Rd, have actually placed the free of lease development available for sale, anticipating submissions exceeding their $67.55 million retain deal, announced unique marketing and advertising agent Knight Frank SGP.
This figures out to 2.5K psf built upon the 27.02K square foot acreage.
Found in peak Area 9 in a special dead end, the project makes up eight bounded terraces by having floor sizes of around 238 sq m and 240 square meter. The property settles on a normal formed plot which is zoned for “housing, 2 storey varying landed” purpose in the 2019 Master Plan.
The development indulges in a Fifty-five m frontispiece onto Dublin Rd plus lies neighboring the Orchard Rd shopping belt. The property is at the same time beside Somerset MRT Station along with Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank noted that all of the owners have said yes to the deal, taking away the obligation to involve the STB for the request of sale.
Other than maintaining the site’s current usage as strata terraces, the future purchaser can surely reconstruct it in to an individual mansion house or split the property into around eleven terrace ground parcels, dependent on the relevant authorities’ authorization.
“Dublin Lodge poses spectacular possibilities for customers also developers that are truly anxious to tap on the flourishing landed industry. Such reconstruction possibilities are generally infrequent in the future by caused by the reduced source of landed houses, even more so in the center of S’pore’s shopping area. While nestled among the bustling downtown centre, the property continues to be inside a peaceful location, outside the noise and also the traffic,” reported Ian Loh, Head of Capital Markets (Land & Building, C&S Sales) at Knight Frank S’pore.
The bid for Dublin Lodge ends on 6Apr.