{"id":103144,"date":"2019-01-21T09:54:48","date_gmt":"2019-01-21T02:54:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mixed-use-development-near-upcoming-bidadari-estate-for-sale-at-8-5m\/"},"modified":"2019-01-21T10:10:54","modified_gmt":"2019-01-21T03:10:54","slug":"mixed-use-development-near-upcoming-bidadari-estate-for-sale-at-8-5m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mixed-use-development-near-upcoming-bidadari-estate-for-sale-at-8-5m\/","title":{"rendered":"Mixed-use development near upcoming Bidadari estate for sale at $8.5m"},"content":{"rendered":"


\nThe freehold property is close to Potong Pasir MRT station and several schools.
\nA freehold five-storey mixed-used development at 2 Ruby Lane has been put up for sale via expression of interest (EOI) with a guide price of $8.5 million, revealed marketing agent PropNex Realty.
\nSituated on an approximately 1,791 sq ft site, the property has a total gross floor area of about 6,068 sq ft, inclusive of the bonus gross floor area of 446 sq ft.
\nMore: Two Semi-Detached Homes In Braddell Heights Up For Sale At $12.28m
\nIts first floor is a commercial space, while its second floor is a sky terrace. The third to fifth floors are residential, with each four-bedroom apartment unit occupying an entire floor. The property also comes with four carpark lots.
\nThe building is currently held under a single title, with potential for strata sub-title division.
\nLocated within the Central Region-Kallang Region, on the fringe of the upcoming Bidadari estate, the property is less than 500m to Potong Pasir MRT station on the North-East Line and is within 10 minutes\u2019 drive to Toa Payoh satellite town and Novena Integrated Medical Hub.
\nIt is also near various educational institutions such as CHIJ Toa Payoh Primary School and CHIJ Secondary School, St Andrew\u2019s Junior School and St Andrew\u2019s Secondary School, Global Indian International School (Balestier Campus) and Stamford American International School Singapore.
\n\u201cWith the new condominium residential prices in the vicinity going for close to $2,000 psf, the property at 2 Ruby Lane offers an attractive entry price for owner-occupiers and investors to own a freehold entity for multi-generation usage with the potential of leasing out the shop unit for passive income,\u201d said PropNex Realty associate division director Harvey Chia, who expects interest to come from high net worth investors and family offices.
\n\u201cThe property will be suitable for wealth preservation and legacy holding, in addition to future capital appreciation. Supply of such property is rare and limited. Furthermore, a new built is hard to come by and the buyer\/investor will enjoy a first mover advantage into the cluster,\u201d he added.
\nThe EOI exercise for the property closes on 21 February.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Mixed-use development near upcoming Bidadari estate for sale at .5m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The freehold property is close to Potong Pasir MRT station and several schools. A freehold...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103144","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qPC","jetpack-related-posts":[{"id":64772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-condo-up-for-en-bloc-sale-for-s235mil\/","url_meta":{"origin":103144,"position":0},"title":"Sun Rosier condo up for en bloc sale for S$235mil","date":"August 28, 2017","format":false,"excerpt":"\r With a maximum gross floor area of 204,464 sq ft, the freehold site can yield 204 housing units with an average size of around 1,000 sq ft each. (Photo: Google Maps) The owners of the 78-unit Sun Rosier condominium in How Sun Drive have joined the collective sale bandwagon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-bukit-timah-shophouses-on-sale-for-20-million\/","url_meta":{"origin":103144,"position":1},"title":"Upper Bukit Timah shophouses on sale for $20 million","date":"October 27, 2016","format":false,"excerpt":"\r The guide price works out to $718 psf per plot ratio on the floor area. (Photo: CBRE) A cluster of five adjoining shophouses along 824-836 Upper Bukit Timah Road have been put up for sale by public tender, said marketing agent CBRE. The guide price for the row of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condominium-at-nassim-road-up-for-en-bloc-sale\/","url_meta":{"origin":103144,"position":2},"title":"Freehold condominium at Nassim Road up for en bloc sale","date":"August 29, 2019","format":false,"excerpt":"\r The four-storey condominium was completed in 2008, featuring two- and three-bedroom units as well as penthouses that range from 115 sq m to 343 sq m. The owners are asking for a reserve price of\u00a0$222.68 million or $3,508 per sq ft per plot ratio (psf ppr). Beaufort On Nassim,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-joins-en-bloc-sale-frenzy\/","url_meta":{"origin":103144,"position":3},"title":"Sixth Avenue Centre joins en bloc sale frenzy","date":"January 4, 2018","format":false,"excerpt":"\r Freehold mixed-use development Sixth Avenue Centre has jumped in the collective sales bandwagon, carrying an indicative guide price of $90.5 million. Factoring a development charge of around $526,000, the price works out to a land rate of $2,022 psf ppr, revealed marketing agent Savills Singapore. Occupying a land area\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/olina-lodge-verdun-house-launched-for-collective-sale\/","url_meta":{"origin":103144,"position":4},"title":"Olina Lodge, Verdun House launched for collective sale","date":"March 22, 2018","format":false,"excerpt":"\r Completed in 1990, the freehold Olina Lodge has a reserve price of $220 million. (Photo: SRI) The collective sales fever continues to heat up with the recent launch of two freehold developments \u2013 Olina Lodge and Verdun House, revealed marketing agent Singapore Realtors Inc (SRI). Located at 15 Holland\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-two-storey-house-at-neil-road-for-sale-for-s4-8m\/","url_meta":{"origin":103144,"position":5},"title":"Freehold, two-storey house at Neil Road for sale for S$4.8m","date":"October 16, 2019","format":false,"excerpt":"\r The freehold property sits on a land area of around 3,193 sq ft with a gross floor area of about 4,813 sq ft, and is accessible by several MRT stations. Image credit: Knight Frank Singapore A freehold, two-storey terrace house located at 141 Neil Road has been put up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103144"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103144"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103144\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}