Investment:

An excellent opportunity to acquire a prime residential redevelopment site along Killiney Road, in close proximity to Orchard Road shopping belt, proposed Orchard Central and Somerset Central developments and within walking distance to Somerset MRT Station.

Address:

145 Killiney Road

Location:

The subject property is strategically located along Killiney Road, in close proximity to Orchard Road under the most prestigious District 9. It is within walking distance to Somerset MRT and Orchard Road shopping belt. Other prime residential developments within the vicinity include Urbana, The Metz, Botanic on Llyods and The Abode at Devonshire. Other prime residential developments that are currently under development in the vicinity include The Suites at Central, One Devonshire and Ritz Residences.

Amenities:

Established shopping malls such as Takashimaya, Wisma Atria, Paragon, The Heeren are all within close proximity. New shopping malls under development that are located nearby include the Orchard Central and Somerset Central. These malls provide convenient shopping, entertainment and banking facilities. In addition, places for food and entertainment are just a stone's throw away at Mohammad Sultan, Clarke Quay and along Killiney Road.

Accessibility:

The site is conveniently sited within walking distance to Somerset MRT Station. This locality is also well served by Killiney Road, Devonshire Road which connects to River Valley Road and Orchard Road respectively. Access to other parts of the island is enhanced by its close proximity to the Central Expressway (CTE), Pan Island Expressway (PIE), East Coast Park Expressway (ECP) and Ayer Rajah Expressway (AYE).

Legal Description:

Lot 32W Town Subdivision 20

Site Area:

3,713.5 sq m (39,972 sq ft) approx.

Tenure:

Freehold

Master Plan Provision:

The subject site is zoned 'Residential' in the 2003 Master Plan with a Gross Plot Ratio of 2.8. Under the River Valley DGP, subject site can be built up to 10-storeys.

Existing Development:

Currently, there is a 2-storey pre-war building on site which was formerly known as "MITRE HOTEL" and a 2-storey outhouse.

Development Potential:

The subject site which is in close proximity to Singapore's famous shopping belt, has the potential to be redeveloped into a luxurious high end residential development. The subject site would yield a potentail Gross Floor Area (GFA) of some 112,311 sq ft, subject to the relevant authorities' approval and payment of development charge. This could yield some 71 apartments units with average size of some 1,500 sq ft.

For further information, Investments Report or Site Inspections, please do not hesitate to contact the personnel in-charge stated above.