{"id":119946,"date":"2021-01-27T02:00:47","date_gmt":"2021-01-26T19:00:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjoining-sites-at-bukit-timah-dukes-road-up-for-collective-sale\/"},"modified":"2021-02-02T17:51:53","modified_gmt":"2021-02-02T10:51:53","slug":"adjoining-sites-at-bukit-timah-dukes-road-up-for-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjoining-sites-at-bukit-timah-dukes-road-up-for-collective-sale\/","title":{"rendered":"Adjoining sites at Bukit Timah, Duke's Road up for collective sale"},"content":{"rendered":"


\nAdjoining sites at Bukit Timah, Duke’s Road up for collective saleWith an area of 16,479 sq ft, the freehold site is zoned for residential and commercial use under the\u00a02019 Master Plan. Image: Google Street View
\nThree adjoining mixed-use redevelopment sites located at 551 to 553 Bukit Timah Road and 6 to 8 Duke\u2019s Road, including a driveway, have been put up for collective sale, carrying a guide price of $62.5 million, reported The Business Times (BT).
\nWith an area of 16,479 sq ft, the freehold site is zoned for residential and commercial use under the 2019 Master Plan with a gross plot ratio (GPR) of 3.0 and a height limit of up to five storeys, said sole marketing agent JLL.
\nAssuming 80% of the gross floor area (GFA) is for residential use and 20% is for commercial use, the site\u2019s unit land price stands at around $1,658 per sq ft per plot ratio (psf ppr), inclusive of the development charge.
\nAfter taking into account an additional 7% bonus GFA for balconies of the residential component, the unit land rate will stand at $1,621 psf ppr, inclusive of development charge.
\nRecommended article:\u00a0The URA Master Plan: How to Understand It and Make Your Property an Investment
\nFeaturing three walk-up apartments and two shop units, the 7,727 sq ft site at 551 to 553 Bukit Timah Road comes with a guide price of $30 million.
\nThe 8,752 sq ft site at 6 to 8 Duke\u2019s Road, which includes the driveway, has a total guide price of $32.5 million. It comprises five walk-up apartments and two shops.
\nAll owners at the respective developments have consented to the en bloc sale, which means no Strata Titles Board application is needed for the sale.
\nAbout 300 metres from Botanic Gardens MRT Interchange, the entire property is bounded by Queen\u2019s Road, Duke\u2019s Road and Bukit Timah Road. The Orchard Road shopping belt is a mere 10-minute drive via Stevens Road.
\nSuggested read:\u00a0Potential En Bloc Properties in Singapore: Does Your Home Have A Chance?
\nThe property is also within the vicinity of Coronation Plaza, Cluny Court and Serene Centre. It is also near the Botanic Gardens and Adam Road Food Centre.
\nNearby schools include Raffles Girls\u2019 Primary School, Nanyang Primary School and St. Margaret\u2019s Secondary School.
\nJLL Executive Director of Capital Markets Tan Hong Boon expects the property to receive \u201cgood responses from small to mid-sized developers\u201d.
\nHe noted that the property offers developers a rare opportunity to redevelop the site into a boutique freehold development with more than 40 residential units averaging 85 sq m with retail units at the ground floor.
\nThe tender for the sites closes on 4 March.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Adjoining sites at Bukit Timah, Duke’s Road up for collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Adjoining sites at Bukit Timah, Duke’s Road up for collective saleWith an area of 16,479...<\/p>\n","protected":false},"author":1,"featured_media":119947,"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-119946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/551-to-553-Bukit-Timah-Rd.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vcC","jetpack-related-posts":[{"id":122838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjoining-sites-at-bukit-timah-dukes-road-goes-en-bloc-again-with-lower-price\/","url_meta":{"origin":119946,"position":0},"title":"Adjoining sites at Bukit Timah, Duke's Road goes en bloc again with lower price","date":"October 27, 2021","format":false,"excerpt":"\r Adjoining sites at Bukit Timah, Duke's Road goes en bloc again with lower priceLocated\u00a0at 551 to 553 Bukit Timah Road and 6 to 8 Duke\u2019s Road,\u00a0the three adjoining mixed-use redevelopment sites has an asking price of $53.8 million. Source:\u00a0Google\u00a0Maps The owners of three adjoining mixed-use redevelopment sites located at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/551-to-553-Bukit-Timah-Rd.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":31788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-bukit-timah-shophouses-on-sale-for-20-million\/","url_meta":{"origin":119946,"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":123490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-unit-to-acquire-upper-bukit-timah-site-for-126-3mil\/","url_meta":{"origin":119946,"position":2},"title":"CDL unit to acquire Upper Bukit Timah site for $126.3mil","date":"November 29, 2021","format":false,"excerpt":"\r The two adjoining sites are located at 798 and 800 Upper Bukit Timah Road and have an area of 16,620 sq m (178,900 sq ft). Source:\u00a0Google\u00a0Maps CDL Aries, a unit of City Developments Limited (CDL), has been granted a call option to acquire two adjoining sites at 798 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/upper-bukit-timah.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-up-for-collective-sale-for-85mil\/","url_meta":{"origin":119946,"position":3},"title":"Sixth Avenue Centre up for collective sale for $85mil","date":"November 12, 2021","format":false,"excerpt":"\r Located at 805 Bukit Timah Road, Sixth Avenue Centre sits on a 15,009 sq ft land plot. Source: Google Maps Sixth Avenue Centre, a 40-year-old mixed-development at 805 Bukit Timah Road, has been put up for collective sale carrying a reserve price of $85 million, revealed exclusive marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/sixth-avenue-centre.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":68892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/another-condo-goes-en-bloc-this-time-in-bukit-timah\/","url_meta":{"origin":119946,"position":4},"title":"Another condo goes en bloc, this time in Bukit Timah","date":"October 12, 2017","format":false,"excerpt":"\r Built in the 1980s, Royalville comprises 93 apartments and 11 shops. (Photo: Edmund Tie & Company) The en bloc frenzy continues after Royalville at Bukit Timah Road became the latest project to be put up for sale on Thursday (12 October). The freehold condominium in District 10 joins a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/","url_meta":{"origin":119946,"position":5},"title":"Watten Estate Condominium up for en bloc sale for $536m","date":"July 30, 2019","format":false,"excerpt":"\r Located at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft.\u00a0After factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d\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\/119946"}],"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=119946"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/119947"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}