Table of Contents
ABOUT THE EN BLOC SALES
Tai Wah Building is a mixed-use property comprised of six apartments and two shops. This property in Killiney Road with a land area measurement of 13,148 square feet is acquired by the prestigious Lucrum Capital Pte Ltd, an equity investment firm who also developed the promising Jewel @ Killiney at District 09, Singapore. During its launch, the site has a competitive asking price of $81 million or around $2,209 per square foot per plot ratio (psf ppr) but was sold 5% higher with a final bid of $84.88 million based on Edmund Tie & Company’s (ET&Co) statement.
The site which zoned under the 2014 Master List as residential with a first-storey commercial space has a freehold tenure attracting developers to bid on the tender. It has an accessible distance to a good array of conveniences that makes the property more captivating to developers.
The site of Tai Wah Building has a great potential to be redeveloped into a luxurious residential haven that property-seekers will surely enjoy. The developer aimed to redevelop the site into a luxurious service apartment with commercial spaces on the first floor which is the pre-approved development by for the site. The site has been within a distance to high-end residences such as New Futura and St. Thomas Suites which provide an excellent opportunity for the future businesses that will occupy the future development.
The current development has a gross floor area of 39,809 square feet, can be exceeded by the redeveloped property that will arise on the site.
TAI WAH BUILDING LOCATION
Tai Wah Building is located at 110 Killiney Road, in the busy area of District 09, Singapore. The site has a busy neighbourhood yet still has a tranquil vibe on the surrounding. Within reach are different shopping malls and dining amenities that serve and provide an A+ service to the surrounding residents. Within a few minutes ride down are shops and malls like Orchard Central, NTUC Fairprice, Robertson Walk and an array of restaurants that cook and serve tasteful dishes that will pacify your craving taste buds.
Linked by the Central Expressway (CTE), Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE). These routes don’t just provide the convenience to the driving public but also leads to the rest of the country’s major destinations. Helping with the travel convenience are nearby MRT stations like Dhoby Ghaut MRT and Somerset MRT.
The quality of education from its neighbouring schools is a great advantage for the future inhabitants that have student family members. These schools encourage them to succeed and reach their goals with flying colors. Some on the list include ISS International, River Valley Primary School, Chatsworth International and Little Raindrops to name a few.
MODE OF TRANSPORT
- Somerset MRT
- Ayer Rajah Expressway (AYE)
- Pan Island Expressway (PIE)
- 313 @ Somerset
- NTUC Fairprice
- Cineleisure Orchard
- Chatsworth International
POTENTIAL OF THE SITE
The plot measures about 13,148 square feet and have the potential to house a residential development with commercial space on the first floor. The developer intends to redevelop the site with a luxurious home that can vary from 1-5 bedrooms. The upcoming development has the potential to exceed its current floor area that measures 39,809 square feet.
Upon its acquisition, the site is priced at around $2,209 psf ppr. The new residential units are expected to offer a competitive amount that will be able to attract various property-seekers. With the capacious layout present, the units will offer a convenient haven that will allow the residents to experience a comfortable residence.
Highly accessible to various amenities, the potential for this development is at an amazing percentage. Investors have a high potential for return investment. The Central Business District (CBD) is within a distance driving from the property which extends the target market for the development. Nonetheless, the property has an attractive architectural design which will make it an iconic view of the district.
TAI WAH BUILDING NEW CONDO REGISTRATION OF INTEREST
Tai Wah Building
Tai Wah Building is a mixed-use property comprised of six apartments and two shops. This property in Killiney Road with a land area measurement of 13,148 square feet is acquired by the prestigious Lucrum Capital Pte Ltd, an equity investment firm. During its launch, the site has a competitive asking price of $81 million or around $2,209 per square foot per plot ratio (psf ppr) but was sold 5% higher with a final bid of $84.88 million
Product SKU: Tai Wah Building
Product Currency: SGD
Product Price: 84880000
Product In-Stock: InStock