St Thomas Ville up for collective sale at $58 mil

By Bong Xin Ying
/ EdgeProp |
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St Thomas Ville in prime District 9 has been launched for collective sale by tender. The owners are expecting bids upwards of $58 million, which is a reasonable minimum price, according to marketing agent JLL.
This translates into a land rate of about $1,816 psf per plot ratio (ppr). Including a 10% bonus balcony area and an estimated development charge of about $3.6 million, the land rate will be $1,754 psf ppr, subject to the relevant authority’s confirmation of the development baseline.
The 12-storey freehold development at 38 St Thomas Walk comprises 23 apartments that are built on a regular-shaped plot. Under the 2014 Master Plan, the 11,407 sq ft site is zoned “residential” with a gross plot ratio of 2.8, and an allowable height of up to 36 storeys.
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The site is not subject to pre-application feasibility study. As it is also located within the Central Area, the guidelines on a minimum average size of 70 sq m (753 sq ft) are not applicable.
St Thomas Ville is a 3-minute drive to the mixed-use development Great World City, and would also be a 600-metre walk away from the upcoming Great World MRT Station on the Thomson-East Coast line.
The site is close to schools such as River Valley Primary School and Chatsworth International School.
Over 80% of the owners have consented to the sale.
The tender for St Thomas Ville will close on September 10.
Ask Buddy
Upcoming new launch projects
Most unprofitable condo transactions in past 1 year
Past Condo rental transactions
Compare price trend of Condo new sale vs EC new sale
Landed transactions with the highest profits in the past year
Upcoming new launch projects
Most unprofitable condo transactions in past 1 year
Past Condo rental transactions
Compare price trend of Condo new sale vs EC new sale
Landed transactions with the highest profits in the past year

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