ABOUT THE EN BLOC SALES

Darby Park

Darby Park Executive Suites is a 99-year leasehold property that is comprised of 75 service apartments. This property sits on a 36,311 square feet of land area that is located in District 10. The property was first bought by Royal Group, a father-son tandem-owned company for a nice price of $92.71 million from its former owner Sime Darby in 2018.

Last year, the Royal Group decided to sell the property to Bachtiar Karim, an Indonesian tycoon for a whopping $160 million. That is a 72% profit from its price. The property is then zoned from residential use to hotel use.

This site of Darby Park Executive Suites is very promising to say the least. Its location offers a great deal of opportunity for the future hotel that will be redeveloped in this majestic property.

In 2019m the sales in real estate investment have doubled from $6.7 billion from the second quarter to an astonishing $16.74 billion on the third quarter. This meant a 49% increase in volume of the first half sales according to a report from Cushman & Wakefield.

 

 

DARBY PARK EXECUTIVE SUITES LOCATION

Darby Park Executive Suites en bloc site is a very promising location for new development. It is just a few minutes drive to the Central Business District (CBD) as well as the famous Orchard Shopping District. This proves that the future of this rezoned site is as excellent as expected.

With such great accessibility in District 10, this property site is well connected by different MRT stations that are only within a two-kilometer radius. These stations include Orchard Boulevard MRT, Botanic Gardens MRT and Somerset MRT among the few. The address is also enclosed by Ayer Rajah Expressway (AYE) and Pan Island Expressway for a convenient drive for motorists.

Just around the area are various renowned schools. Included in the list are international educational institutions such as the Chinese International School and Chatsworth International School.

The address is also conveniently within a close distance to different leisure amenities including the Amped Trampoline Park at River Valley and the famous Singapore Botanic Gardens.

Another convenience that this address offers is its close proximity to different embassies that will surely be a great deal of comfort for guests and tourists.

 

MODE OF TRANSPORT

  • Ayer Rajah Expressway (AYE)
  • Pan Island Expressway (PIE)
  • Botanic Gardens MRT
  • Somerset MRT
  • Orchard Boulevard MRT
  • Napier MRT
  • Stevens MRT
  • Newton MRT
  • Great World MRT

 

NEARBY AMENITIES

  • Orchard Shopping District
  • Amped trampoline Park – River Valley
  • Singapore Botanic Gardens
  • Ministry of foreign Affairs
  • Gleneagles Hospital
  • Shaw Theatres Lido
  • FairPrice
  • Robertson Walk
  • National Museum of Singapore

 

POTENTIAL OF THE SITE

The former site is the home of Darby Park Executive Suites which have 75 service apartment and is zoned residential. After the property was rezoned for hotel use, it was sold to an Indonesia tycoon who plans to redevelop the site into a prestigious and luxurious hotel development.

The site has a 1.6 plot ratio which will allow having a majestic hotel tower with elegant units. The site area measures a majestic 36,311 square feet which will enable its developer to provide adequate space for comfortable accommodations and enjoyable hotel facilities.

The promising future for new development is truly exciting. Its strategic location which is just a few minutes from various tourist destinations is a huge factor for this new development to be successful. Its attractive neighborhood will surely invite a lot of tourists to be a guest of this prestigious new hotel.

With such an opportunity, property investors will have an excellent chance for ROI and capital appreciation that will be beneficial for them.

 

 

DARBY PARK EXECUTIVE SUITES NEW CONDO REGISTRATION OF INTEREST

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Darby Park
Darby Park

Darby Park Executive Suites is a 99-year leasehold property that is comprised of 75 service apartments. This property sits on a 36,311 square feet of land area that is located in District 10. The property was first bought by Royal Group, a father-son tandem-owned company for a nice price of $92.71 million from its former owner Sime Darby in 2018.

Product SKU: Darby Park

Product Currency: SGD

Product Price: 92710000

Product In-Stock: InStock