Dublin Lodge On Sale For $67.55mil
The home owners of Dublin Lodge, a two storey residence property along Dublin Rd, ahead Killiney Road, have actually placed the free of lease development available, expecting bids greater than their $67.55 million reserve value, exposed specialized advertising and marketing rep Knight Frank S’pore.
This figures out to 2.5K per sq foot built upon the 27.02K sq foot acreage.
Situated in top District 9 in a privileged cul-de-sac, the project encompasses eight strata terraces with ground measurements of within Two hundred Thirty-eight square meter and Two hundred Forty sq meter. The property positions on an usual formed layout which is zoned to “household, two floor combined landed” use within the 2019 Master Plan.
The project experiences a Fifty-five metre frontispiece onto Dublin Road furthermore is centrally located near the Orchard Rd shopping street. It is at the same time nearby Somerset Mass Rapid Transit Terminal and also Dhoby Ghaut MRT Interchange.
Knight Frank noted that every of the owners have actually accepted to the transaction, reducing the need to involve the STB for the request of sale.
In addition to holding the site’s ongoing purpose as strata terraces, the future prospect can surely redevelop it into a single mansion house or redivide the development into approximately eleven terrace ground parcels, conditional the pertinent authorities’ endorsement.
“Dublin Lodge leads to remarkable potentials for makers also homeowners who are spirited to make use of the booming landed market. Such redevelopment ventures are really seldom to find by because of the restricted source of landed properties, especially in the heart of Singapore’s shopping vicinity. While positioned inside the busy central, the property continues to be within a peaceful location, off of the sound and the traffic,” claimed Ian Loh, Head of Capital Markets (L&B, Collective & Strata Sales) at Knight Frank SGP.
The offer for Dublin Lodge ends on 6 Apr.