{"id":117450,"date":"2020-06-30T12:28:13","date_gmt":"2020-06-30T05:28:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-block-at-mount-emily-road-up-for-en-bloc-sale-for-24mil\/"},"modified":"2020-06-30T13:03:29","modified_gmt":"2020-06-30T06:03:29","slug":"residential-block-at-mount-emily-road-up-for-en-bloc-sale-for-24mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-block-at-mount-emily-road-up-for-en-bloc-sale-for-24mil\/","title":{"rendered":"Residential block at Mount Emily Road up for en bloc sale for $24mil"},"content":{"rendered":"


\nSituated at 2, 4 and 6 Mount Emily Road, the property comprises three adjoining units of three-storey buildings with attic and basement. Photo: Edmund Tie
\nA freehold residential block within prime District 9 has been put up for collective sale with a guide price of $24 million or about $1,485 per sq ft (psf) based on the existing gross floor area of 1,499.3 sq m (16,138 sq ft).
\nThis comes after all of the owners have agreed to the sale, revealed marketing agent Edmund Tie & Company.
\nSituated at 2, 4 and 6 Mount Emily Road, the property comprises three adjoining units of three-storey buildings with attic and basement. It occupies a 515.5 sq m (5,549 sq ft) site that is zoned for Residential use under the 2019 Master Plan with a plot ratio of 2.1.
\nThe property is within the Mount Sophia secondary settlement conservation area and is just 200 metres away from the Little India MRT interchange, which serves the North East and Downtown MRT lines.
\nEdmund Tie & Company Executive Director of Investment Advisory Swee Shou Fern said the property offers an \u201cexceptional opportunity to transform this well-located property to a boutique residential development, which can be subdivided into strata-titled apartments for sale\u201d.
\n\u201cThe astute investor can also explore keeping the property as a single residential block for co-living residences, subject to planning approval, which is fast gaining popularity among millennials and expatriates,\u201d she added.
\nThe tender exercise for the freehold property closes on 11 August.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Residential block at Mount Emily Road up for en bloc sale for mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Situated at 2, 4 and 6 Mount Emily Road, the property comprises three adjoining units...<\/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-117450","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-uym","jetpack-related-posts":[{"id":119997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-emily-residential-buildings-on-sale-for-18mil\/","url_meta":{"origin":117450,"position":0},"title":"Mount Emily residential buildings on sale for $18mil","date":"January 19, 2021","format":false,"excerpt":"\r Mount Emily residential buildings on sale for $18milLocated 200 m away from Little India MRT interchange, the freehold properties\u00a0are near Mount Emily Park, Orchard Road and the central business district. Image: Edmund Tie & Company A portfolio of three freehold residential buildings at 2, 4 and 6 Mount Emily\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/2-4-6-Mount-Emily-Road.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":72075,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tai-wah-building-sold-en-bloc-for-84-9mil\/","url_meta":{"origin":117450,"position":1},"title":"Tai Wah Building sold en bloc for $84.9mil","date":"November 17, 2017","format":false,"excerpt":"\r Tai Wah Building, a four-storey building along Killiney Road, has been sold to private equity investment firm Lucrum Capital Pte Ltd for $84.9 million, revealed marketing agent Edmund Tie & Co. This works out to around $2,209 psf per plot ratio. Completed in the mid-1980s, the freehold building comprises\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122835,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil\/","url_meta":{"origin":117450,"position":2},"title":"High Point makes second collective sale attempt, price unchanged at $550mil","date":"October 27, 2021","format":false,"excerpt":"\r High Point, is located at 30 Mount Elizabeth and is making its second collective sale attempt for $550 million or $2,508 per sq ft per plot ratio, after factoring in balconies. High Point, a 22-storey residential development at the peak of Mount Elizabeth within the Orchard Road residential area,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HighPoint-30-Mount-Elizabeth-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":83517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-sold-for-168m-to-bukit-sembawang\/","url_meta":{"origin":117450,"position":3},"title":"Makeway View sold for $168m to Bukit Sembawang","date":"March 23, 2018","format":false,"excerpt":"\r Makeway View comprises 28 apartments and four penthouses, and is close to Newton MRT interchange. (Photo: Edmund Tie & Co) The freehold Makeway View condominium in Newton has been sold to Bukit Sembawang Estates for $168 million, marketing agent Edmund Tie & Co said on Thursday (22 Mar). Completed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123547,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-makes-second-collective-sale-attempt-price-remains-at-800mil\/","url_meta":{"origin":117450,"position":4},"title":"Golden Mile Complex makes second collective sale attempt, price remains at $800mil","date":"December 1, 2021","format":false,"excerpt":"\r The 16-storey Golden Mile Complex is making its second collective sale attempt at the same price of $800 million. Golden Mile Complex, which was gazetted as a conserved building in October, has once again been put up for collective sale with a reserve price of $800 million. This marks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/golden-mile-complex.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crystal-tower-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":117450,"position":5},"title":"Crystal Tower relaunched for collective sale at lower price","date":"October 26, 2017","format":false,"excerpt":"\r Built in the 1970s, the 28-unit Crystal Tower is now going for $138 million. 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