Owners of St Thomas Ville which located at 38 St Thomas Walk, has decided to launch En Bloc sale again with same reserve price at S$58 million.
The Freehold property sits on 11,407 sq ft land area and has a gross plot ratio of 2.8. Under the URA’s 2014 Master Plan, the site is zone for “residential”.
Base on the reserve price, the land rate works out to S$1,816 psf ppr which not including the 10% bonus balcony. No development charge is payable due to its high development baseline. The (LTA) Land Transport Authority has informed that Pre-Application Feasibility Study (PAFS) is not needed for the freehold site.
Furthermore, since the prime site is located within the central area, the minimum average size guideline of 85 sq m is also not applicable.
St Thomas Ville Condo is conveniently located near to upcoming Great World MRT which is (Thomson-East Coast Line) and walking distance from the en bloc site.
Next to MRT Station is the Great World City Mega Mall and Orchard Road shopping district is also close proximity to the condo.
With established international and primary schools nearby such as Chatsworth International and River Valley Primary, these will make the site more attractive for redevelopment.
Newly launched Condos in prime district 9 is still highly sought-after and demand in this area.
The Tender for St Thomas Ville will close on March 27, 2019 at 3pm