Table of Contents
Overview
ABOUT THE EN BLOC SALES
Toho Mansions en bloc was launched into collective sale and was then impressively attract various interest from developers. Edmund Tie & Company was the one who marketed the en bloc. It was luckily scooped by the prestigious KBD Ventures which is a subsidiary of Koh Brothers.
The site which happens to measure around 4,427.8 square meters in land area. The developer had seen an excellent potential for the site to be developed into a lavish and notable residence since it is zoned for residential use on the 2014 Master List. The site has a 1.4 plot ratio.
This two blocks of a 4-storey complex that are comprised of 32-unit residential development is priced at an incredible price of $120.43 million or about $1,805 psf ppr. According to Koh Brothers CEO and managing director Francis Koh, the property is the third in the series of acquisition that the company has made.
Being a freehold property, there is no need for redevelopment fee. The property is also on an elevated site in the area of District 10. It creates an excellent advantage for the developer to redevelop the site into something elegant and iconic.
TOHO MANSIONS LOCATION
District 10 has one of the best sites in the country which is a home to the en bloc property known as Toho Mansions. Toho Mansions is situated at an area in Holland Road which is well elevated and accessible to various businesses.
The property is connected to a variety of shopping malls that are exceptionally enjoyable and advantageous for the inhabitants of the property. The establishments on the list include Hollan Road Shopping Centre, The Star Vista, Far East Flora @ Queensway, Dawson Place and Rochester Mall. The malls have an excellent line up of stores of various renowned brands and leisure hubs that provide an exciting game room for the people to chill in.
Schools from primary to tertiary levels are also in a proximate range to the area. The reputable institutions close by including Eunoia Junior College, Henry Primary School, ACS International, New Town Primary School, and Singapore Polytechnic. The Civil Service College and Singapore Centre for the Chinese Language are also nearby.
Aside from these amenities, public offices like Ministry of Education, Embassy of Vietnam, as well as the Queenstown Public Library are also in the immediate area. The renowned and most visited Singapore Botanic Gardens located in the Tanglin area is also a short drive away along with medical facilities like Camden Medical Centre and Gleneagles Hospital.
The links between these amenities and the residence vary from major roads to MRT and bus stations. Commuters have the privilege to ride the Holland Village MRT to their comfort. Roads like Queensway, Ayer Rajah Expressway (AYE) and Clementi Road enclosed the area with great convenience.
MODE OF TRANSPORT
- Holland Village MRT
- Buona Vista MRT
- Ayer Rajah Expressway (AYE)
NEARBY AMENITIES
- Holland Village Shopping Centre
- Star Vista Mall
- Rochester Mall
- Sinagpore Botanic Gardens
POTENTIAL OF THE SITE
The developer, KDB Ventures seen an excellent potential on the en bloc site. Its elevated area allows the developer to yield a modern residence that will surely provide the grandeur and luxury of a 21st-century residence.
The original Gross Floor Area (GFA) of the property measures about 66,724 square feet but was able to be extended to 73,396 square feet by the developer. The floor area includes a 10% balcony space which gives an additional spot for the future residents to enjoy with.
Its elevated feature provides an amazing view of city lights and streets. The site also showcased an excellent potential to yield an impressive rental opportunity which will benefit the future property investors. Its closeness to the Tanglin area is also a good sign that it will be able to yield a magnificent sale to the units of its future development.
TOHO MANSIONS NEW CONDO REGISTRATION OF INTEREST
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