Tag Archives: Central Business District

Beach Road office building put up for sale

Posted on 30 May 2012 | Comments Off on Beach Road office building put up for sale

700 Beach Road, an office building in the Central Business District, has been put up for sale.

Its marketing agent Jones Lang LaSalle says the indicative price for 100 percent strata interest in the property is S$120 million.

700 Beach Road comprises 67,429 square feet of strata area and is currently fully occupied.

Jones Lang LaSalle says the property sits on a commercial zoned site of 18,400 sq ft and existing plot ratio of 4.2, held in 55 strata title units.

It also has obtained provisional outline planning permission for conversion to hotel use.

Ashish Manchharam, Head of Investments, South East Asia at Jones Lang LaSalle said, “With the growing number of large scale developments in the vicinity including South Beach, Ophir-Rochor site and the Sports Hub, we expect there will be strong interest from owner occupiers, investors and hotel owners.”

Jones Lang LaSalle adds that the property can potentially yield over 200 hotel rooms to meet demand from increasing tourist arrivals.

The development’s proposed sale by Expression of Interest will close at 3pm on 5 July 2012.

Source : CNA – 2012 May 30

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Posted in Office / Retail / Industrial

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Kellock Lodge up for collective sale at S$84 million

Posted on 3 Jun 2011 | Comments Off on Kellock Lodge up for collective sale at S$84 million

Kellock Lodge on River Valley Road is up for a collective sale, with an asking price of more than S$84 million or S$1,383 psf per plot ratio, says its sole marketing agent CKS Property Consultants.

The redevelopment site has a land area of 21,784 sq ft and it will yield a maximum gross floor area of 60,995 sq ft.

This is based on a plot ratio of 2.8 for the redevelopment of the site, with a development charge of S$380,000.

Residents of the 48 units at Kellock Lodge will receive about S$1.5 million to S$2.76 million each.

This is the first time Kellock Lodge is going up for a collective sale. The 48 units have sizes ranging from 882 sq ft to 1,786 sq ft.

Based on the plot ratio of 2.8, the site can yield about 100 apartments at about 600 sq ft each or 60 apartments at 1,000 sq ft each.

It is within walking distance from Great World City, Zion Riverside Food Centre, and other eateries and amenities, said CKS Property Consultants.

It is located in District 10, within minutes’ drive from the Orchard Road shopping belt and the Central Business District.

Mr Derrick Tan, head of investment sales at CKS Property Consultants, said Kellock Lodge’s medium-sized freehold land plot is in demand, particularly since it is in a city fringe area like River Valley.

The tender will close on July 8 at 3pm.

Source : Today – 3 Jun 2011

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Posted in En-bloc / Collective Sales

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