Public Tender For Prime Residential Buildings
Seated in the prime Orchard area are three residential buildings up for sale by public tender. These properties are at 3 Cuscaden Walk, 8 Hullet Road and 120 Grange Road.
The 3 Cuscaden Walk 12-storey building built in the 1990s is within walking distance to the Orchard MRT station and is 21,560 sq ft in land size. It consists of only 11 four-bedroom large units in a 12-storey tower. Convenience is right at its doorstep with the Orchard shopping belt right across the road. Given the huge land size and its potential plot ratio, it is superbly suitable to redevelop this plot into a high-rise new condo in Singapore.
The 8 Hullet Road property has the smallest plot of land at 10,733 sq ft compared to the other two properties. This 10-storey building was built in the 2000s and is in close proximity to the Somerset MRT Station. A slow stroll along Emerald Road brings one to the MRT Station.
The property at 120 Grange Road is located next to Cliveden @ Grange and is across the road to Gramercy Park, a prime and uber luxurious CDL new condo for sale in Singapore. This plot holds a huge potential as it is within walking distance to the upcoming Thomson-East Coast Line (TEL) known as the Orchard Boulevard MRT Station. 120 Grange Road is an 18-unit tower and is 11-storey tall.
Industry experts expect the buildings to sell for about $1900 per square foot per plot ratio (psf ppr).
Tender closes on 2 Nov 2016.
(Credits: adapted from PG 29.9.16)