Crystal Court and an Adjoining Land Plot at River Valley Road Relaunched for Sale

• Crystal Court is one of the rare few unique buildings in Singapore designed by the late architect Geoffrey T. Malone
• An opportunity for investors to redevelop or repurpose the inspiring space for alternative uses

Singapore, 21 February 2024 – Edmund Tie & Company (EDMUND TIE), as the sole marketing agent, is relaunching for sale via tender Crystal Court and an adjoining plot of private land along River Valley Road.

Interested parties are invited to submit separate tender bids for each site by 9 April 2024 at 3pm.

Identifiable by its post-modernism architecture, Crystal Court is a five-storey mixed-use development that sits on a 1,554.2-sq-m freehold site and benefits from a dual frontage along River Valley Road and Nathan Road. The development comprises a basement carpark, a commercial unit on the ground floor and 16 apartment units ranging from 103 sq m to 245 sq m on the upper floors.

The adjoining land plot, which sits between Crystal Court and River Valley Road, has a site area of 377.0 sq m. It is currently used as a private service road with surface car parking lots.

Under URA’s Master Plan 2019, both land plots are zoned for “Commercial & Residential”.

The guide price for Crystal Court is S$115 million, reflecting S$2,456 per sq ft per plot ratio.

Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at EDMUND TIE, says, “Crystal Court is one the rare few unique buildings in Singapore designed by the late Australian architect, Geoffrey T. Malone. The building features a captivating post-modernist design, characterised by a playful blend of different architectural elements and geometries.”

For instance, Crystal Court’s design embraces contrasts between opacity and transparency, as well as curvilinear and rectilinear forms. Meanwhile, the commercial unit is distinguished by its lofty high ceiling and expansive glass panels, thoughtfully designed to showcase its original tenant, a lighting retailer; the space becomes particularly enchanting at night when illuminated with its sparkling allure.

“This inspiring property, hence, presents an exciting opportunity for innovative developers to repurpose the existing building for alternative uses such as serviced residences, co-living residences, a hotel or even a postpartum care centre that is gaining popularity, subject to final approval,” continues Ms Swee.

Alternatively, the two plots can be amalgamated to redevelop into a five-storey boutique mixed-use development featuring a total gross floor area of 5,407 sq m, reflecting a gross plot ratio 2.8.

Ms Swee adds, “Freehold mixed-use sites in prime District 10 are scarce, making this a highly coveted investment opportunity; what’s more, Crystal Court has an affordable investment threshold.”

Nestled within an upscale residential neighborhood, the subject properties are well-served by an abundance of retail and dining options, as well as lifestyle and entertainment offerings. Within proximity are popular malls including Valley Point, Great World City, Tiong Bahru Plaza, and cafes, eateries and lifestyle stores lined along River Valley Road. A stone throw away are several vibrant lifestyle destinations at Robertson Quay, Dempsey Hill and Tiong Bahru. The prime Orchard Road retail and entertainment belt, as well as the Central Business District, are a short ten-minute drive away.

The subject properties enjoy excellent connectivity to the rest of Singapore via Central Expressway (CTE), and major arterial roads such as River Valley Road, Paterson Hill, Lower Delta Road and Zion Road. The Great World MRT station on the Thomson-East Coast Line (TEL) is also a short walk away.

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