Posted on March 24, 2020
St Thomas Walk Launched for En Bloc Sale
A prime, freehold site on Saint Thomas Walk in Location 9 jumps on the market for $68 million offered by tender, revealed sole advertising and marketing agent Edmund Link & Company (ET&C o). The 12,809 sq ft building is owned by a singular household. The asking expense shows a land price of $2,190 psf per story proportion, containing an estimated advancement price of $10.56 million, payable to increase the story percentage to 2.8. Thus far this year, there have been energetic sales at new home tasks around like Avenue South Residence, Treasure At Tampines, as well as Nim Collection, claims Tan Chun Ming, ET&C o's elderly director of investment advisory. "These favorable take-ups highlight the self-confidence of the market in the high-end as well as likewise premium domestic area. This residence, supplied its single-owner condition, materials assurance finally timeline, supplying developers the opportunity to use on the present upbeat market sentiments," he urges.
As the house stays in the Central Location, the common constraint on the optimum range of house systems, based upon a regular unit measurement of 70 sq m or 100 sq m, does not make use of in addition to there is no specific cap on the variety of home systems. Under the 2014 Plan of attack, the site has a gross story proportion of 2.8. Perhaps redeveloped right into a high-rise building store development with a maximum elevation of 36 storeys, based upon approvals.