SINGAPORE, 29 June 2020 – As the sole marketing agent for the collective sale of 2, 4 and 6 Mount Emily Road, Edmund Tie & Company (EDMUND TIE) is pleased to launch the freehold residential block for sale by tender. 100% of the owners have given consent to the sale.
The freehold property, located at the exclusive Mount Emily Road, comprises 3 adjoining units of 3-storey buildings with basement and attic, sitting on a total site area of 515.5 sq m (approximately 5,549 sq ft) with an existing gross floor area of 1,499.3 sq m (approximately 16,138 sq ft). Under the Master Plan 2019, the property is zoned for residential use at plot ratio 2.1, within the Mount Sophia secondary settlement conservation area. Subject to the authorities’ approval, the property may be strata subdivided and a new rear extension of up to 36m SHD (Singapore Height Datum) may be erected.
Nestled in a tranquil enclave near Mount Emily Park, the property enjoys an exciting location at the fringe of city centre, within close proximity to the CBD and Orchard Road. The neighbourhood is a vibrant mix of arts, heritage and cultural districts, and the property is well-served by a wide array of amenities. The Little India MRT interchange serving the Downtown and North East MRT lines is a mere 200 metres away, providing easy accessibility to all parts of Singapore.
Executive director of investment advisory, Swee Shou Fern commented: “2, 4 and 6 Mount Emily Road present an exceptional opportunity to transform this well-located property to a boutique residential development, which can be subdivided into strata-titled apartments for sale.”
“The astute investor can also explore keeping the property as a single residential block for co-living residences, subject to planning approval, which is fast gaining popularity among millennials and expatriates. The 100% owners’ consent offers certainty in deal completion timeline,” she added.
The guide price for the property is $24m, reflecting approximately $1,485 per square foot on existing gross floor area.
The tender exercise will close on Tuesday, 11 August 2020 at 3pm.
For further information, please contact:
Wong Wei Chen
Senior Manager, Corporate Communications
O: +65 6393 2369
About EDMUND TIE
EDMUND TIE is a full-service, real estate consulting firm with more than 400 skilled professionals in the region. It is headquartered in Singapore and supported by offices in Kuala Lumpur, Malaysia, and Bangkok, Thailand. We offer a comprehensive suite of agency and professional services including investment advisory, business space and retail, residential agency, auction and sales, valuation advisory, statutory valuation and property tax advisory, research and consulting, property management, and hospitality management. For more information, please visit www.etcsea.com.