{"id":89894,"date":"2018-05-30T11:05:10","date_gmt":"2018-05-30T04:05:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-thomas-walk-property-up-for-sale-at-68m\/"},"modified":"2018-05-30T12:02:52","modified_gmt":"2018-05-30T05:02:52","slug":"st-thomas-walk-property-up-for-sale-at-68m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-thomas-walk-property-up-for-sale-at-68m\/","title":{"rendered":"St Thomas Walk property up for sale at $68m"},"content":{"rendered":"


\nThe freehold residential site is located close to Somerset MRT station and the Orchard Road shopping belt.
\nA freehold residential redevelopment site along St Thomas Walk in prime District 9 has been put up for sale at $68 million, revealed marketing agent Edmund Tie & Company (ET&Co) on Monday (28 May).
\nIncluding an estimated development charge of $10.56 million, the asking price works out to a land rate of $2,190 psf per plot ratio.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nOwned by a single family, the property has a land area of about 12,809 sq ft. It is zoned residential under the 2014 Master Plan with a gross plot ratio of 2.8 under the 2014 Master Plan.
\nET&Co noted that the site can be redeveloped into a high-rise boutique project with a maximum height of 36 storeys, subject to the approval of the relevant authorities.
\nSince it is located within the central area, the usual restriction on the maximum number of housing units (based on an average size of 753 sq ft or 1,076 sq ft) does not apply and there is no specific cap on the number of housing units, according to the Urban Redevelopment Authority\u2019s guidelines.
\nLocated within the heart of Orchard Road, the site is near Somerset MRT station on the North-South Line and River Valley Primary School.
\n\u201cIn recent months, along with improvements in the global economy, we have witnessed brisk sales for new residential projects in the vicinity such as Gramercy Park, New Futura and Martin Modern,\u201d said ET&Co senior director of investment advisory Tan Chun Ming.
\n\u201cThese positive take-ups highlight the confidence of the market in the luxury and high-end residential segment. This property, given its single-owner status, provides certainty in completion timeline, offering developers the opportunity to leverage on the current upbeat market sentiments.\u201d
\nThe tender for the site closes on 3 July.
\nLearn more about the Orchard\/River Valley area and\u00a0search for properties to buy or rent.\u00a0
\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…St Thomas Walk property up for sale at m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The freehold residential site is located close to Somerset MRT station and the Orchard Road...<\/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-89894","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-nnU","jetpack-related-posts":[{"id":95549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-st-thomas-ville-up-for-en-bloc-sale\/","url_meta":{"origin":89894,"position":0},"title":"Freehold condo St Thomas Ville up for en bloc sale","date":"August 7, 2018","format":false,"excerpt":"\r St Thomas Ville is located close to Orchard Road and the upcoming Great World MRT station. (Photo: JLL) St Thomas Ville, a 23-unit residential development in District 9, has been put up for sale, with the owners expecting bids in excess of $58 million, revealed marketing agent JLL. Located\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95635,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-the-regalia-up-for-collective-sale-at-403m\/","url_meta":{"origin":89894,"position":1},"title":"Freehold condo The Regalia up for collective sale at $403m","date":"August 8, 2018","format":false,"excerpt":"\r Aerial view of The Regalia condominium at River Valley Close. (Photo: CBRE) The Regalia, a freehold condo in District 9, has been put up for en bloc sale with a guide price of $403 million. The price works out to a land rate of $1,892 psf per plot ratio\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-site-near-somerset-mrt-station-up-for-tender\/","url_meta":{"origin":89894,"position":2},"title":"Freehold site near somerset MRT station up for tender","date":"September 17, 2020","format":false,"excerpt":"\r The 56,481 sq ft site will be up for tender for $376 million. Photo: CBRE A 56,481 sq ft freehold development site in District 9, which currently accommodates the two-block condominium The Bayron, has been launched for public tender with a guide price of $376 million, revealed exclusive marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/09\/The-Bayron_PhotoCredit_CBRE.jpg?fit=600%2C872&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":48916,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-sites-in-balmoral-road-area-for-sale\/","url_meta":{"origin":89894,"position":3},"title":"Two freehold sites in Balmoral Road area for sale","date":"March 21, 2017","format":false,"excerpt":"\r View of the freehold residential sites at Balmoral Road and Ewe Boon Road. (Photo: Edmund Tie & Co.) Two adjoining freehold residential redevelopment sites within the Balmoral Road area have been put up for sale by public tender, revealed marketing agent Edmund Tie & Co. Launched in a concurrent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-thomas-lodge-in-district-9-up-for-sale-at-40m\/","url_meta":{"origin":89894,"position":4},"title":"St Thomas Lodge in District 9 up for sale at $40m","date":"July 4, 2018","format":false,"excerpt":"\r The asking price for the apartment block works out to a land rate of $2,293 psf ppr. (Photo: SRI) St Thomas Lodge, a five-unit apartment at 32 St Thomas Walk in District 9, has been put up for sale with a guide price of $40 million, according to marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinatown-plaza-sold-en-bloc-for-260-million\/","url_meta":{"origin":89894,"position":5},"title":"Chinatown Plaza sold en bloc for $260 million","date":"May 21, 2018","format":false,"excerpt":"\r The purchase price is lower than the $270 million asking price, and works out to a land rate of $1,915 psf per plot ratio. (Photo: ET&Co) Chinatown Plaza along Craig Road in District 2 has been sold for $260 million to a property unit affiliated with Singapore-based Royal Golden\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\/89894"}],"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=89894"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/89894\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=89894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=89894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=89894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}