Owners of the Dalvey Court condominium off Bukit Timah Road have now launched a public tender for en bloc sale with reserve price at S$160 million.
The freehold site is close to one of the top attractions in District 10, the Singapore Botanic Gardens and located within the hottest en bloc zone in Singapore.
There are already over 13 freehold sites that sold en bloc in this area in year 2017/18. More sites are expected to launch and sold in coming months.
Dalvey Court is a freehold property comprising of 32 apartments in 9 storeys with a total of 4,103.1 sq m or 44,165 sq ft land size.
The site enjoys residential zoning under the URA Master Plan of 2014 with a plot ratio of 1.6. However, the site has a height control of 12 storeys.
The reserve price translates to about S$2,009 psf ppr for the land based on a GFA of 7,400.69 sq m of 79,660 sq ft.
Cushman & Wakefield, the marketing agents for the property stated that the site can potentially be redeveloped to 93 apartments considering the average unit size to be about 70 sq m.
No development charges are payable for this site. Similarly, no traffic impact study would be needed.
Dalvey Court is located at 28 Dalvey Estate within Singapore’s prestigious District 10.
The site is also close to the Botanical Gardens, a series of high-profile schools, including Singapore Chinese Girls’ School, St. Joseph’s institution, Nanyang Primary School, and Anglo-Chinese School on Barker road.
Further, the freehold property is just a few minutes’ drive away from the famous Orchard road which houses a wide range of amenities like supermarkets, retail outlets, eating establishments and restaurants.
Vehicle owners who want to visit the Central Business District can reach there in less than 10 minutes from Dalvey Court via Stevens road.
With much convenience, the MRT Station Stevens is just within five minutes walk from Dalvey Court
The tender for Dalvey Court closes on August 2, at 3 pm.