Mixed-use building in Kallang up for collective sale at $160 mil
By Timothy Tay
/ EdgeProp |
Ask Buddy
The owners of a mixed-use building at 27 Foch Road in Kallang have launched a collective sale attempt for $160 million, or $1,866 psf per plot ratio, announced marketing agent Huttons Asia on Monday.
Known as Hoa Nam Building, it is a freehold development on a 21,365 sq ft plot off Lavender Street in District 8. The building has a strata area of 56,123 sq ft, and comprises 36 residential units, 14 office units, and 33 shops.
Hoa Nam Building, a mixed-use property at 27 Foch Road in Kallang, has been launched for collective sale for $160 million (Picture: Huttons Asia)
Hoa Nam Building is a six-minute walk to Bendemeer MRT Station on the Downtown Line, and is also close to Lavender station on the East-West Line, and Farrer Park station on the North-East Line.
The site, with a maximum gross floor area of 85,744 sq ft, could be redeveloped into a new mixed-use or full commercial building. Given its location close to MRT stations and just outside the city fringe, “the site is ideal for co-sharing residential or co-sharing offices with commercial shops and eating outlets on the lower floors”, says Huttons.
The site has obtained in-principle approval from URA for a change of use to full commercial. If a buyer proceeds with the change, additional buyer’s stamp duty would not be applicable.
The tender will close on Aug 20.
Ask Buddy
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp FacebookSubscribe to our newsletter
Top Articles
Search Articles