Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a two storey home project on Dublin Rd, off Killiney Road, have already added the free of lease project up for sale, forecasting bids over their $67.55 million reserve figure, shared special marketing broker Knight Frank Singapore.
This works out to 2.5K psf based on the 2,510.2 square m ground area.
Positioned in key District Nine in a privileged blind alley, the development comprises 8 bounded terraces with ground measurements of somewhere between Two hundred Thirty-eight sq m and 2hundred 40 sq meter. It lies on a regular molded layout that is zoned for “non commercial, 2 floor merged landed” usage under the 2K19 Master Plan.
The development indulges in a 55 m building front onto Dublin Road and lies close to the Orchard Rd retail street. The project is also neighboring Somerset MRT Station and Dhoby Ghaut MRT Interchange.
Knight Frank noticed that all of the proprietors have already accepted to the transaction, abolishing the necessity to involve the Strata Titles Board for the request of sale.
In addition to maintaining the layout’s present usage as strata terraces, the future investor is able to redevelop it toward an individual mansion or split it into around eleven terrace plot parcels, conditional the specific authorities’ approval.
“Dublin Lodge poses remarkable possibilities for builders and even homeowners who are interested to make use of the growing landed industry. Such reconstruction ventures are generally scarce in the future by due to the constrained amount of landed properties, particularly in the hub of Singapore’s shopping area. Though nestled among the busy central, the project continues to be in a tranquil area, beyond the disturbance and the traffic,” shared Ian Loh, Head of Capital Markets (L&B, Collective & Strata Sales) at Knight Frank SGP.
The offer for Dublin Lodge ceases on 6Apr.