Trendale Tower up for sale again with higher S$178m guide price
The Estate household website Trendale Tower has been put up for sale once again, this time around with a higher overview rate of S$ 178 million via a public tender workout, stated special advertising agent Savills Singapore in a declaration on Thursday (Aug 11).
Situated at 79 Cairnhill Road, the 20-storey development homes 18 houses of 298 square meters each, which exercises to S$ 2,386 per story ratio after considering the 7 percent bonus gross floor area for balconies.
Leaving out the benefit gross floor area, the guide cost rounds to S$ 2,449 per story proportion.
The advancement fee payable for the 7 percent bonus gross floor location has to do with S$ 6.4 million.
The building actually has a validated gross flooring area of 72,691 square feet (sq ft) – or an equal gross plot ratio of regarding 3.34 – as well as sits on a land area of about 21,708 sq ft. It is additionally zoned “domestic” under the Urban Redevelopment Authority’s 2019 Master Plan with a permitted gross plot proportion of 2.8 and also has an elevation control of approximately 36-storeys.
Pre-application usefulness researchers like bazi analysis singapore feng shui master are also not called for by the Land Transport Authority for the site redevelopment of up to 103 houses, said Savills.
Homeowners will certainly have access to schools like Anglo-Chinese School (Primary), Anglo-Chinese College (Main), and EtonHouse International Pre-School, which are positioned within 1 kilometer of the building.
The local MRT terminal is Newton terminal, less than 500 meters away.
” Provided Trendale Tower’s close proximity to Newton MRT terminal as well as the website situated at the doorstep of Orchard Road, we anticipate the eager rate of interest from developers,” stated Savills’ replacement managing supervisor, financial investment sales and resources markets, Galven Tan.
” The supply of high-quality high-end growths is very reduced, and it is favorable to obtain a prime site like Trendale Tower to cater to this segment of purchasers.”
The exact same development was earlier set up for collective sale with a book price of S$ 163.52 million in May 2018. The offer did not undergo, The Business Times understands, as there were no purchasers.
The tender workout will close on Sep 13 at 3 pm.
Due to the COVID 19, Riverfront Residences Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.