{"id":95249,"date":"2018-08-02T11:14:50","date_gmt":"2018-08-02T04:14:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rare-mixed-use-project-in-mohamed-sultan-road-selling-for-30m\/"},"modified":"2018-08-02T12:02:43","modified_gmt":"2018-08-02T05:02:43","slug":"rare-mixed-use-project-in-mohamed-sultan-road-selling-for-30m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rare-mixed-use-project-in-mohamed-sultan-road-selling-for-30m\/","title":{"rendered":"Rare mixed-use project in Mohamed Sultan Road selling for $30m"},"content":{"rendered":"


\nView of the mixed-use development site along Mohamed Sultan Road in November 2017. (Photo: Google Maps)
\nA privately held investment holding firm is selling an ongoing mixed-use development in prime District 9 at 21\/23 Mohamed Sultan Road for approximately $30 million, reported the Straits Times.
\nThe project consists of a commercial block and an adjacent eight-storey apartment building with 11 units and two penthouses, according to marketing agent Singapore Realtors Inc (SRI).
\nMore: Oxley buys freehold mixed-use site for $14.5m
\nSRI managing director Tony Koe revealed that for the residential component, seven of the eight levels have been put up.
\n\u201cSites along Mohamed Sultan with approval for an eight-storey block are rarely available for sale and we expect this rare opportunity would be attractive to family offices, funds and astute high-net-worth individuals looking to diversify their portfolio into the residential\/commercial segment.\u201d
\nFor the commercial building, its ground floor is currently being built, with temporary planning permission granted for restaurant use, while work on the planned basement has not yet started.
\nThe commercial and residential components have a respective strata area of around about 4,600 sq ft and 8,700 sq ft. Both are located on a 5,146 sq ft land site with a gross plot ratio of 3.8 and zoned for residential with commercial on the first level.
\nThe 999-year leasehold site\u2019s tenure started in July 1841. It is situated within the River Valley conservation area near Liang Court and UE Square Shopping Mall as well as eateries in Robertson Walk.
\nThe tender exercise will close on 30 August 2018.
\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…Rare mixed-use project in Mohamed Sultan Road selling for m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the mixed-use development site along Mohamed Sultan Road in November 2017. (Photo: Google...<\/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-95249","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-oMh","jetpack-related-posts":[{"id":136308,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-astronaut-sultan-al-neyadi-completes-historic-arab-spacewalk-after-stunning-7-hour-mission\/","url_meta":{"origin":95249,"position":0},"title":"UAE astronaut Sultan Al Neyadi completes historic Arab spacewalk after stunning 7 hour mission","date":"April 29, 2023","format":false,"excerpt":"\r UAE President Sheikh Mohamed celebrates landmark moment in country\u2019s space exploration mission\r \r Source : arabianbusiness.com\r Read more...UAE astronaut Sultan Al Neyadi completes historic Arab spacewalk after stunning 7 hour mission","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/04\/sultan-in-space-1-1000x648-1.jpg?fit=1000%2C648&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/peace-centre-peace-mansion-sold-for-650mil\/","url_meta":{"origin":95249,"position":1},"title":"Peace Centre, Peace Mansion sold for $650mil","date":"December 9, 2021","format":false,"excerpt":"\r Located along Sophia Road, Peace Centre and Peace Mansion\u00a0occupy a 76,617 sq ft site. 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