ZACD International has purchased three contiguous three-story residential properties at 2, 4, and 6 Mount Emily Road in a collective deal for $18 million. It’s the year’s first group sale.
The freehold properties in Emily Road include a total site area of 5,549 square feet, with a total floor space of 16,138 square feet. The site is designated for residential development with a plot ratio of 2.1 under Master Plan 2019. Based on the current gross floor space, the $18 million transaction price equates to $1,115 per square foot. The deal marks the year’s first collective sale.
The properties at 2, 4, and 6 Mount Emily Road is conveniently located near the CBD and Orchard Road. The property is 200 meters from the Little India MRT interchange station.
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“Due to its outstanding location and manageable size, the tender drew a lot of interest from developers and investors. According to Swee Shou Fern, executive director of investment advice at Edmund Tie & Company, “the 100 percent owners’ permission also offered the developer security in the sale completion schedule.”
The properties at 2, 4, and 6 Mount Emily Road was first listed in June of last year with a reference price of $24 million ($1,485 psf on a gross floor area basis).
Emily Road
ZACD International has purchased three contiguous three-story residential properties at 2, 4, and 6 Mount Emily Road in a collective deal for $18 million.
Product SKU: Emily Road
Product Currency: SGD
Product Price: 18000000
Product In-Stock: InStock
