Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a 2 level housing project along Dublin Road, away from Killiney Rd, have already applied the free ownership property up for sale, hoping for bids beyond their $67.55 mil reserve rate, disclosed special marketing broker Knight Frank SGP.
This turns out to 2,500 psf based on the 2,510.2 sq m plot area.
Found in key District 9 in an unique blind alley, the development sums up eight bounded terraces alongside floor sizes of among 2hundred 38 square meter and 240 square meter. The property lies at an ordinary formed plot that is zoned to “domestic, two storey varying landed” usage in the 2K19 Master Plan.
The project indulges in a 55 m frontage onto Dublin Rd plus lies near the Orchard Rd shopping street. It is also beside Somerset Mass Rapid Transit Terminal including Dhoby Ghaut MRT Interchange.
Knight Frank noted that all owners have approved to the transaction, abolishing the obligation to appeal to the STB for the request of sale.
Aside from preserving the position’s ongoing use as strata terraces, the interested prospect can easily reconstruct it into an individual mansion house or split it in to almost 11 terrace plot parcels, conditional the associated authorities’ approval.
“Dublin Lodge leads to incredible chances for customers and even property developers that are spirited to connect to the buzzing landed market. Such redevelopment possibilities are generally scarce to follow by caused by the minimal source of landed properties, even more so in the heart of SGP’s retail district. Though nestled inside the busy central, the project remains within a serene area, out of the sound and also the traffic,” pointed out Ian Loh, Head of Capital Markets (L&B, C&S Sales) at Knight Frank S’pore.
The offer for Dublin Lodge ends on 6 Apr.