>

>

2, 4 and 6 Mount Emily Road collectively sold for $18 mil

By Valerie Kor

/ EdgeProp Singapore |

March 1, 2021 3:45 PM SGT

SINGAPORE (EDGEPROP) - Three adjoining three-storey residential buildings at 2, 4 and 6 Mount Emily Road have been sold via a collective sale to ZACD International at $18 million. It is the first collective sale of the year.

The freehold properties sit on a combined site area of 5,549 sq ft, and the buildings have a total floor area of 16,138 sq ft. Under Master Plan 2019, the property is zoned for residential use at a plot ratio of 2.1. The sale price of $18 million translates to $1,115 psf, based on the existing gross floor area. The transaction is the first collective sale of the year.

The property is in close proximity to the CBD and Orchard Road. Little India MRT interchange station is 200m from the property.

“The tender attracted very keen interest from developers and investors due to its prime location and bite-sized quantum. The 100% owners’ consent also provided the developer certainty in deal completion timeline,” says Swee Shou Fern, executive director of investment advisory at Edmund Tie & Company.

The property was initially launched in June last year at a guide price of $24 million ($1,485 psf based on gross floor area).

Check out the latest listings near Mount Emily Road, Orchard Road, Little India MRT Interchange Station

Tags:

freehold Mount Emily Road ZACD International 2019 Master Plan CBD Orchard Road Little India MRT Interchange Station Swee Shou Fern Edmund Tie & Company

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00