Irwell Bank Road New Condo

ABOUT THE GOVERNMENT LAND SALE

 

Irwell Bank Road en bloc was launched into tender last October 2019. This en bloc has a land size of 12,785 square meters which also holds a 99-year leasehold tenure. The en bloc receives an astonishing number of bids that come from a total of seven interested developers in the country.

Battling against each bid are renowned developers that include a consortium encompassed by Sino Group, Far East Organization and Sekisui House as well as Frasers Property Jade and Winvale Investment. The consortium came in second highest with a bid amounting to $1,453.37 per square foot per plot ratio or translates to a whopping $560.1 million.

While Winvale Investment came in last with about $409.89 million in bid, Frasers Property Jade then offers a $527.98 million bid which is still short to catch on the top spot to win the site.

The price was outbid by the City Developments (CDL) with a $1,515 pr square foot per plot ratio or a magnificent $583.89 million. Against six more bidders, CDL marked another win over sought after sites in the country.

The tender was closed last January 9, 2020. The award was completed on January 14 with yet another victorious opportunity for the renowned developer.

 

 

IRWELL BANK ROAD LOCATION

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Irwell Bank Road en block sits just a few minutes away from the prominent shopping area of Singapore, the Orchard Shopping District. This address is one of the sought after sites in the country as it is conveniently surrounded with a precious arrays of amenities and services that the community enjoys.

It’s connectivity is proven to be easy by its nearby public transport services such as MRT stations. With only within a few minutes of drive, the future occupants in this area can take advantage of MRT stations such as Fort Canning MRT, Napier MRT, Dhoby Ghaut MRT and Great World MRT. Traveling with your private car is convenient through routes that include the Central Expressway (CTE).

With such great connectivity the residing community can take advantage of the various services just within a hand’s reach. Education as well as recreation are all possible with its neighboring establishments.

Choosing and attending the best and most suitable school for your preference potentially offers an excellent stepping stone. Schools like Alexandra Primary School, Chatsworth International School, and Crescent Girls’ School are just among the long list of neighboring institutions. There are also numerous kindergartens and childcare facilities in the area.

Located in the Central Region, this en bloc site have an excellent potential not only for its future development. A great opportunity for future occupants also awaits.

 

MODE OF TRANSPORT

• Central Expressway (CTE)
• Great World MRT
• Napier MRT
• Orchard Boulevard MRT
• Havelock MRT
• Fort Canning MRT
• Dhoby Ghaut MRT
• Tiong Bahru MRT

NEARBY AMENITIES

• Orchard Shopping District
• Zion Riverside Food Centre
• Amped Trampoline Park – River Valley
• Gleneagles Hospital
• Kim Seng Park
• Pearl’s Hill City Park
• Newton Food Centre
• Singapore General Hospital

 

POTENTIAL OF THE SITE

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The Irwell Bank Road en bloc have a very great potential. And this is proven by receiving seven bids from renowned developers. Its site area of 12, 786.5 square feet can yield a magnificent development that will surely be an iconic scene in the area.

Zoned as for residential use with gross plot ratio of 2.1. This site can yield a wonderful home unit with a maximum total of 455. It has a gross floor area of 35,803 square meters which is sufficient enough to accommodate a luxurious and comfortable residential development.

The property site is quite a nice investment for property-investors. Its address which is just minutes away from the Central Business District offers a huge potential for a high rental yield and an excellent capital appreciation in the near future.

Not only the investors, but the future residents as well can take advantage of this magnificent address. With a neighborhood of booming metropolis, there is a great job opportunity in the area too. Business as well as private offices are within reach and only minutes away.

The future development of this site is expected TOP in 2025 by the Urban Development Authority (URA). This is a development that property-seekers should look forward to.

 

IRWELL BANK ROAD NEW CONDO REGISTRATION OF INTEREST

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REVIEW OF IRWELL BANK ROAD NEW CONDO