EdgeProp’s Landens tool highlights recent residential property purchases in the location in addition to close-by enbloc sales and future redevelopments
“This cumulative sale provides a chance for financiers to possess a story of land, with a small building of 3 apartment or condos in the extremely popular District 9 at an attractive price quantum,” claims Tracy Goh, head of investment and also collective sales at PropNex Realty.
An estate household building at 62 Wilkie Road in prime District 9 will go on sale for $9.2 million on Aug 2. The home will certainly be marketed in a collective sale tender, as well as it is marketed by PropNex Realty.
Making use of EdgeProp’s Landlens tool, in addition to close-by residential or commercial property deals, it also shows recent enbloc deals in the vicinity, such as Sophia Villa and Fairhaven in Nov 2020. Those growths were sold for $2,387 psf ppr and also $1,724 psf ppr respectively.
As a result of its main location and distance to the Bras Basah and Bencoolen locations, the residential or commercial property is close to 6 MRT stations, specifically Dhoby Ghaut, Bencoolen, Little India, Rochor, Bras Basah, and Bugis. It is also close to the Orchard Road buying belt.
The six-storey building consists of three duplex apartments that have an overall strata area of 5,597 sq ft. The overview cost converts to $1,644 psf on the strata location. The home was finished in 2003 and it is on a 2,542 sq ft website that is zoned for property use, with a gross plot proportion of 2.1 under the most recent Master Plan.
She includes that it is perfect for multi-generational families that wish to live together under one roofing. Capitalists will likewise find the developing an attractive property for its capital appreciation and also rental revenue.