Search Articles

in

Latest Related Ads

RiverGate
RiverGate (D09) Apartment, For Sale

Rivergate Condominium 2
bedroom for sale with
util


Nouvel 18
Nouvel 18 (D10) Condominium, For Sale

Nouvel 18 by CDL ()
http://nouvel18sg.com/
An U


Cliveden At Grange
Cliveden At Grange (D10) Condominium, For Rent

Cliveden 3 bdrm 2153 sf
$10.5k 4 bdrm 2842 sf
$13



Singapore Property News

Casa Sophia and Haig Road Flats up for collective sale

Casa Sophia in District 9 is up for collective sale with a reserve price of $36 million.

Posted on 12-Jul-2018

| More
Casa Sophia and Haig Road Flats up for collective sale

Casa Sophia in District 9 is up for collective sale with a reserve price of $36 million.

Owners at the freehold, 12-unit development in Mount Sophia could receive between $2.69 million and $3.4 million.

"All owners are very supportive and we are happy to have garnered 100 per cent consensus. The location is surrounded by prestigious schools and is close to the heart of Orchard Road. Projects here will definitely appeal to both investors and families," ERA representative Tjhai Citanegara said.

Based on the reserve price, the land rate translates to an estimated $1,390 per sq ft per plot ratio (psf ppr), excluding development charge.

Under the Urban Redevelopment Authority's Master Plan 2014, the site is zoned residential with a gross plot ratio of 2.1.

It could be rebuilt into an estimated 34 units, based on a 753 sq ft per unit size.

The tender closes on Aug 14.

Separately, the four-storey, 24-unit Haig Road Flats is up for collective sale. Century 21 marketing agent C.S. Chong said the expected market price is between $51 million and $52 million - netting each owner $2.1 million to $2.2 million.

Development charge and related costs of about $2.87 million could be levied, he added.

The land rate translates to just a tad above $1,300 psf ppr. The 999-year-lease apartments are located close to the upcoming Marine Parade MRT.

It has a site area of 27,389 sq ft and is zoned residential with a gross plot ratio of 1.4.

It can be developed up to five-storeys high with 35 units.

The tender closes on Aug 7.

View articles from these categories