Dublin Lodge On Sale For $67.55mil
The proprietors of Dublin Lodge, a 2 storey household development along Dublin Road, away from Killiney Road, have brought the freehold project up for sale, expecting submissions beyond their $67.55 mil reserve deal, exposed premium marketing real estate agent Knight Frank S’pore.
This formulates to 2,500 per sq foot accorded to the 2,510.2 square m acreage.
Located in top Area 9 in an exceptional blind alley, the project makes up 8 strata terraces including floor sizes of somewhere between 238 square meter and 240 sq meter. The property positions on a standard formed site which is sector to “domestic, two floor varying landed” utilization under the 2K19 Master Plan.
The project indulges in a 55 m building front onto Dublin Rd and lies in close proximity to the Orchard Road retail belt. The property is likewise adjacent Somerset MRT Station and also Dhoby Ghaut MRT Interchange.
Knight Frank observed that all of the property owners have already accepted to the deal, eliminating the demand to register to the STB for the order of sale.
Apart from retaining the plot’s current use as strata terraces, the potential customer can rebuild it toward a solo mansion house or partition the project in to right up to eleven terrace plot parcels, conditional the specific authorities’ consent.
“Dublin Lodge poses spectacular potentials for property owners and property developers who are really earnest to tap on the blooming landed market. Such redevelopment ventures are uncommon in the future by because of the reduced stockpile of landed households, particularly in the heart of Singapore’s retail district. Even though situated throughout the dynamic town centre, the property remains around a serene location, outside the sound and also the traffic,” reported Ian Loh, Head of Capital Markets (Land & Building, C&S Sales) at Knight Frank SGP.
The bid for Dublin Lodge ceases on 6 Apr.