{"id":99042,"date":"2018-10-03T12:59:26","date_gmt":"2018-10-03T05:59:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-freehold-duplex-up-for-grabs-at-41m\/"},"modified":"2018-10-03T13:03:27","modified_gmt":"2018-10-03T06:03:27","slug":"newton-freehold-duplex-up-for-grabs-at-41m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-freehold-duplex-up-for-grabs-at-41m\/","title":{"rendered":"Newton freehold duplex up for grabs at $41m"},"content":{"rendered":"


\nThe asking price for the residential project in Newton works out to $1,657 psf. (Photo: ET&Co)
\nThree Buckley, a freehold residential development in Newton, was put up for sale on Tuesday (2 Oct) via expression of interest (EOI) by sole marketing agent Edmund Tie & Company (ET&Co) with a total asking price of $41 million, which translates to $1,657 psf.
\nBuilt in 2010, the property consists of 11 duplex units sited on a 15,550 sq ft site with a gross plot ratio of 1.4 and zoned for residential use under the 2014 Master Plan.
\nMore:\u00a088% Of Singaporeans Unhappy Over High Property Prices: PropertyGuru
\nAside from being near Newton MRT interchange and Novena MRT station, the development is also a short drive from the Central Business District.
\nIt is also within 1km of reputable schools such as St Joseph\u2019s Institution Junior, Anglo-Chinese School (Junior) and Anglo-Chinese School (Barker Road).
\nStrategically located in a central location within the highly desirable District 11, Three Buckley is close to various amenities such as malls, eateries, entertainment and lifestyle options, as well as world-class healthcare facilities. Other notable places in the vicinity include Square 2, Novena Square, Newton Food Court, Oasia Hotel Novena, Mount Elizabeth Hospital and Revenue House.
\n\u201cThe property has many positive attributes such as a highly coveted freehold tenure, single ownership, prestigious District 11 address and many more. The property offers investors the flexibility of leasing out to different resident profiles \u2013 young families who prefer to stay in proximity to educational institutions, expatriates or working adults who prefer to live closer to the CBD and the future health hub,\u201d said ET&Co\u2019s senior director of investment advisory Tan Chun Ming.
\n\u201cMost of the units are tenanted, offering stable rental income. Investors who are looking for long-term investments would find this a timely opportunity. Future en bloc or redevelopment plan would be an ideal exit strategy.\u201d
\nInterested parties may submit bids for one or multiple duplex units or the entire development itself, with the EOI exercise for Three Buckley closing on 8 November.
\nCan you afford a condo in Singapore? Check your\u00a0affordability\u00a0now.
\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…Newton freehold duplex up for grabs at m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The asking price for the residential project in Newton works out to $1,657 psf. (Photo:...<\/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-99042","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-pLs","jetpack-related-posts":[{"id":103030,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-lodge-up-for-en-bloc-sale-at-44m\/","url_meta":{"origin":99042,"position":0},"title":"Newton Lodge up for en bloc sale at $44m","date":"January 17, 2019","format":false,"excerpt":"\r Newton Lodge is located close to Novena MRT station and the future healthcare hub. Newton Lodge, a 16-unit residential development at Newton Road, has been launched for collective sale with the owners expecting a minimum offer of $44 million, revealed marketing agent JLL. This works out to a land\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-lodge-makes-second-en-bloc-sale-attempt\/","url_meta":{"origin":99042,"position":1},"title":"Newton Lodge makes second en bloc sale attempt","date":"May 29, 2019","format":false,"excerpt":"\r The vendors are expecting a minimum of $44 million from the en bloc sale.\u00a0 After a failed attempt in January, the owners of Newton Lodge are once again trying their luck at a collective sale, with the asking price unchanged. Marketing agent JLL revealed that the vendors are expecting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/05\/newton-lodge-2.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-road-residential-site-up-for-sale-for-91-8mil\/","url_meta":{"origin":99042,"position":2},"title":"Gilstead Road residential site up for sale for $91.8mil","date":"September 23, 2021","format":false,"excerpt":"\r Gilstead Road residential site up for sale for $91.8milSole marketing agent Edmund Tie said the price works out to a land rate of about $2,001 per sq ft per plot ratio (psf ppr), including the estimated development charge. Photo: Edmund Tie A freehold residential site at Gilstead Road in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/32_34-Gilstead-Rd_00019-crop.jpg?fit=819%2C411&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":99042,"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":76810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dunearn-gardens-up-for-en-bloc-sale\/","url_meta":{"origin":99042,"position":4},"title":"Dunearn Gardens up for en bloc sale","date":"January 16, 2018","format":false,"excerpt":"\r The freehold site is located close to Newton MRT station. (Photo: Knight Frank) Dunearn Gardens, a freehold high-rise residential redevelopment site off Newton Road, has been put up for en bloc sale, with the owners expecting offers above their reserve price of $488.8 million, revealed marketing agent Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-in-district-11-up-for-sale-for-at-least-68m\/","url_meta":{"origin":99042,"position":5},"title":"Gilstead Mansion in District 11 up for sale for at least $68m","date":"May 31, 2018","format":false,"excerpt":"\r The freehold project sits on a 35,751 sq ft site and is close to the Newton, Novena and Little India MRT stations. 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