Another Condo in prime district has launched for en bloc tender, Newton Lodge a freehold site is up for sale at S$44 million.
JLL Singapore is the appointed marketing agent for this collective sale.
The condo development comprises of 16 units and sit on 21,409 square feet site which is few mins drive away to Orchard road.
Base on the reserve price, it translates to S$1,468 psf ppr and with added 8% bonus gross floor area for balconies in mind, the land rate will come down to S$1,359 psf ppr.
Buyer will be glad to know that there won’t be any Development charges for the site’s redevelopment.
Under the URA 2014 Master Plan, the site is zoned for residential use. JLL said if serviced apartments were approved by the authority, the redevelopment site could yield around 50 to 60 units.
Additionally, Newton Lodge is an attractive freehold site which is in central location with all the great amenities built around it.
The public tender for Newton Lodge will close on 2.30pm, Feb 26 2019.
Newton Lodge is located at 41 Newton Road, District 11 within Core Central Region
2 MRT Stations is close to the enbloc site namely Novena Mrt & Newton Mrt which is walking distance
It is situated within “Health City Novena” Singapore’s largest healthcare hub which will be ready around 2030
Shopping and dining will be easy as many malls like United Square Shopping mall & Novena Square which is close by
Singapore best Hospital and medical centres are located within the site, residents can receive world class medical care and services
Not only that, Newton Lodge is close to many good schools like Chinese International, St Joseph Institutional International, Anglo-Chinese Primary & Anglo-Chinese School (Junior)
The famous Newton Food centre is only short drive from the site as well as Orchard Road, the largest shopping belt in Singapore