13 Aug '18, 2am

Prime district 9 site near Orchard road up for collective sale

Sitting between Orchard Road and River Valley is a 12-storey site, suitably-sized for collective sale. The owners of St. Thomas Ville have put the property up for bids of at least $58 million. Robertson Quay, River Valley. Picture: iProperty St. Thomas Ville situated in the prime site in district 9 Located in one of the most popular local districts , the 11,407 sq ft St. Thomas Ville currently consists of 23 apartments on a regular-shaped plot. The plot size and shape are pluses for developers. The site is zoned for residential development and could possibly be a good size for developers looking to diversify or smaller entities looking for an achievable project. There is also no minimum size guideline as it is located in the central area, which could work to the developer’s advantage. The plot ratio for the site is 2.8 and allows for a development of up to 36 storeys. St. ...

Full article: https://www.iproperty.com.sg/news/prime-district-9-site-n...

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