Three adjoining freehold properties along Queen’s Road and Duke’s Road are up for tender, with the seller expecting offers above $45 million.
The residential site in Bukit Timah has a combined land area of 25,425 square feet. With a plot ratio of 1.4, it can yield a maximum permissible gross floor area of 35,595 square feet.
The District 10 site offers double frontages of 42 metres’ width onto both Queen’s Road and Duke’s Road.
The site is nestled in the school belt comprising Hwa Chong Institution, National Junior College, Nanyang Girls’ High School and St Margaret’s Secondary School.
Separately, two adjoining ground-floor shops in Thomson Plaza with total strata retail space of about 14,000 sq ft are also marketed.
Guide prices range from $3,500 to $3,600 per sq ft.
Sale of the shops will be via Expression of Interest and is subject to the existing restaurant and lifestyle store tenants. The three-storey mall serves private estates such as Thomson Park and The Windsor, and public estates such as Ang Mo Kio and Shunfu.
The Expression of Interest for the Thomson Plaza retail space closes at 3pm on April 8, and the tender for the Bukit Timah properties at 3pm on April 9.
Source: Business Times – 11 March 2014