Dublin Lodge On Sale For $67.55mil
The home owners of Dublin Lodge, a two storey residential project along Dublin Road, up front Killiney Road, have actually added the freehold project available for sale, counting on proposals over their $67.55 million set aside cost, exposed premium marketing real estate agent Knight Frank S’pore.
This formulates to 2,500 per sq ft based on the 2,510.2 square meter acreage.
Found in key Area 9 in an unique blind alley, the project sums up 8 strata terraces along with floor sizes of around 238 sq m and 240 square meter. It lies on a regular molded site that is zoned to “home, two floor mixed landed” usage within the 2019 Master Plan.
The property appreciates a 55 metre frontal onto Dublin Road and also is located close to the Orchard Road retail street. It is also neighboring Somerset MRT Station alongside Dhoby Ghaut MRT Interchange.
Knight Frank indicated that all of the homeowners have granted the deal, doing away with the necessity to involve the STB for the request of sale.
Apart from preserving the position’s present usage as strata terraces, the future prospect can surely redevelop it into a single estate or redivide the property into right up to 11 terrace land parcels, dependent on the related authorities’ authorization.
“Dublin Lodge sets remarkable possibilities for builders and house owners that are truly earnest to make use of the growing landed sector. This sort of rebuilding ventures are generally unusual to follow by caused by the small source of landed residences, particularly in the heart of Singapore’s retail area. Though found within the busy central, the project continues to be inside a calm area, out of the traffic as well as the commotion,” reported Ian Loh, Head of Capital Markets (Land & Building, C&S Sales) at Knight Frank SGP.
The tender for Dublin Lodge ceases on 6 Apr.