With an asking price $91.8 million, two freehold residential properties at Gilstead Road 32 and 34 have been offered for sale. The asking price includes the estimated development fee, which equates to approximately $2,001 per plot ratio. Edmund Tie serves as the sole agent.
Pollen Collection showroom conveniently located at Nim Road, between Seletar and Ang Mo Kio and in District 28 of Singapore. The project is brought to you by established developer Bukit Sembawang Estates Ltd and designed by one of the best designers across the globe, W Architects.
The regular-shaped, 43,457 square foot site is located in District 11’s Gilstead residential enclave. It is zoned Residential under the 2019 Master Plan with a plot ratio 1.4. Edmund Tie says that the site could be developed into a residential condominium community with up to 56 units. This is subject to approval.
“The family that owns the property presents an extraordinary opportunity to redevelop it immediately without having to worry about the uncertain timeline of a collective sale. Swee Shou Fern is the executive director of Edmund Tie’s investment advisory services. She says that the property’s attractiveness and strategic location further appeal to developers.
You will find the site close to Novena Square and Balmoral Plaza. Anglo-Chinese Schools (Junior), Anglo-Chinese Schools (Primary), St. Joseph’s Institution Jr. are some of the most popular schools nearby.
On Oct 27, the tender process for the property will be closed.