Cushman & Wakefield said this is one of the best and rare residential plots in district 1 due to its superb location that’s surrounded by retail properties, F&B outlets, entertainments and offices.
This should be the best prime commercial site for sale currently in the Collective Sale Market.
There is expectation that Maxwell House will be well received by prospective buyers as it is located in a part of the city’s heritage and business district given that there has been dearth of residential development land in this area, said capital markets director of Cushman & Wakefield, Christina Sim.
According to the estimates made by Ms. Sim, Maxwell House will reflect the complete attitude of “work-live-play” as the prime site is surrounded by numerous retail outlets as well as entertainment spots.
Additionally, being located in a central area where there are no constraints of maximum units that is otherwise calculated based upon every dwelling unit’s average size of 85 sq mtrs, will also work as a huge advantage, she added.
Interested developers will be able to creatively use the property to build either studio units or dual key units, if appropriately approved of the authorities, Ms. Sim said.
Located at the vicinity of the central business district, Maxwell House Singapore is also close to the conservation shophouses of Chinatown and Tanjong Pagar.
Maxwell House’s collective sale tender will remain open till 3 PM of 12th November, 2020.
Maxwell House Singapore Nearby Amenities
- Maxwell Food Centre – 1 min
- Maxwell MRT station – 3 mins (Ready 2022)
Upcoming Underground Station (Thomson East Coast Line)
- Tanjong Pagar MRT station – 4 mins
- Chinatown MRT station – 8 mins
- Telok Ayer MRT station – 9 mins
- Outram Park MRT station – 10 mins