{"id":27706,"date":"2016-09-29T11:17:44","date_gmt":"2016-09-29T04:17:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-prime-residential-buildings-up-for-sale\/"},"modified":"2016-09-29T11:47:53","modified_gmt":"2016-09-29T04:47:53","slug":"3-prime-residential-buildings-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-prime-residential-buildings-up-for-sale\/","title":{"rendered":"3 prime residential buildings up for sale"},"content":{"rendered":"


\n\u00a0
\nJLL and CBRE are jointly marketing three prime residential properties around the Orchard Road area.
\nThree prime residential properties located near Orchard Road have been put up for sale by public tender, with JLL and CBRE appointed as joint marketing agents.
\nOwned by a group of investment holding companies, the three properties are at 3 Cuscaden Walk, 120 Grange Road and 8 Hullet Road. Notably, the vendor also owns two apartments at The Claymore, which is being exclusively marketed by JLL.
\nWith a land area of 21,560 sq ft, the 3 Cuscaden Walk property was built in the early 1990s and has 11 large four-bedroom apartments. The 12-storey building is near Four Seasons Park condominium, ION Orchard and Orchard MRT station.
\n3 Cuscaden Walk (Source: CBRE)
\n\u201cGiven the age of the building and potential building height and plot ratio, this property is ripe for redevelopment into a modern luxurious high-rise residential tower with, for example, 30 units of 2,000 sq ft apartments,\u201d said Karamjit Singh, Head of Residential at JLL Singapore.
\nSingh expects the property to attract offers \u201cin excess of S$100 million, which reflects an indicative land rate of $1,900 psf ppr\u201d.
\nMeanwhile, the 120 Grange Road property is an 11-storey, 18-unit block. Located next to Cliveden at Grange and directly opposite Gramercy Park, the property is near the upcoming Orchard Boulevard MRT station.
\n120 Grange Road (Source: CBRE)
\nThe smallest and newest of the three properties, 8 Hullet Road features a 10-storey building with 18 apartments. It was built in the early 2000s and has a land area of 10,733 sq ft. The development is within walking distance of Somerset MRT station.
\n8 Hullet Road (Source: CBRE)
\n\u201cWe believe both (the) Grange Road and Hullet Road buildings are (an) excellent fit for investors, given their boutique scale and rentability. We expect offers within the ballpark of S$50 million and S$35 million respectively, which work out to about S$1,900 psf on the existing strata areas,\u201d said Jeremy Lake, Executive Director at CBRE Singapore.
\nExpecting strong interest in the properties, Lake said a bidder can \u201ccherry-pick amongst the assets, or acquire the portfolio\u201d.
\nThe tender for the properties closes on 2 November 2016.
\n\u00a0
\nCheryl Marie Tay, Senior Journalist\u00a0at PropertyGuru, edited this story. To contact her\u00a0about this or other stories, email cheryl@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…3 prime residential buildings up for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 JLL and CBRE are jointly marketing three prime residential properties around the Orchard Road...<\/p>\n","protected":false},"author":1,"featured_media":27707,"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-27706","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\/2016\/09\/jll-cuscaden-walk-683x1024.jpg?fit=683%2C1024&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7cS","jetpack-related-posts":[{"id":35632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-apartment-buildings-near-orchard-road-sold-for-190-5m\/","url_meta":{"origin":27706,"position":0},"title":"Three apartment buildings near Orchard Road sold for $190.5m","date":"November 24, 2016","format":false,"excerpt":"\r No.3 Cuscaden Walk was sold to a consortium led by Sustained Land for $103.8 million. Source: CBRE and JLL Three prime residential buildings near Orchard Road have been sold to different developers for a total of $190.5 million, marketing agents CBRE and JLL said on Thursday (24 November). The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-house-in-district-10-sold-for-record-2910-psf-ppr\/","url_meta":{"origin":27706,"position":1},"title":"Park House in District 10 sold for record $2,910 psf ppr","date":"June 14, 2018","format":false,"excerpt":"\r The freehold development along Orchard Boulevard was sold to a unit of Hong Kong-listed Shun Tak Holdings for $375.5 million. (Photo: CBRE) Park House, a freehold 60-unit development along Orchard Boulevard in District 10 has been sold for $375.5 million, which works out to a record $2,910 psf per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-house-st-michaels-condo-join-en-bloc-bandwagon\/","url_meta":{"origin":27706,"position":2},"title":"Park House, St Michael\u2019s Condo join en bloc bandwagon","date":"April 24, 2018","format":false,"excerpt":"\r Located near Orchard Road, Park House carries a guide price of $308 million. (Photo: CBRE) The en bloc fever shows no sign of abating with Park House and St Michael\u2019s Condominium joining the bandwagon. Located at the junction of Orchard Boulevard and Tomlinson Road, Park House carries a guide\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-prime-site-at-cuscaden-road-for-sale\/","url_meta":{"origin":27706,"position":3},"title":"URA launches prime site at Cuscaden Road for sale","date":"February 28, 2018","format":false,"excerpt":"\r Map showing the location of the Cuscaden Road site. Source: URA A plum residential site at Cuscaden Road in the Orchard area was launched for sale on Tuesday (27 Feb) under the confirmed list of the first half 2018 Government Land Sales (GLS) Programme, said the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/02\/Land-parcel-at-Cuscaden-Road.jpg?fit=794%2C436&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/horizon-towers-up-for-en-bloc-sale-for-1-1b\/","url_meta":{"origin":27706,"position":4},"title":"Horizon Towers up for en bloc sale for $1.1b","date":"July 6, 2018","format":false,"excerpt":"\r The reserve price works out to a land rate of $1,964 psf per plot ratio. (Photo: JLL) Horizon Towers, a 211-unit residential development at Leonie Hill in District 9, has been launched for collective sale with a reserve price of $1.1 billion. Including the lease top-up premium of about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41010,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-tree-hill-garden-put-up-for-sale\/","url_meta":{"origin":27706,"position":5},"title":"One Tree Hill Garden put up for sale","date":"January 18, 2017","format":false,"excerpt":"\r The owners are expecting offers of above $72.8 million, which translates to a land rate of about $1,864 psf. (Photo: Knight Frank)\u00a0 One Tree Hill Garden, a freehold landed residential redevelopment site bounded by One Tree Hill, Jalan Arnap and Jalan Kelawar, has been put up for sale by\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\/27706"}],"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=27706"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/27707"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}