The Bayron Condo En Bloc Sale 2021 – Freehold Plot in D9

The Bayron Condo En Bloc Sale 2021 – Freehold Plot in D9

With 2 recent prime sites sold in the collective sale market, the owners of The Bayron condo decided put their property for sale via public tender.

The reserve price has been set at $376 million and CBRE Singapore was appointed as their exclusive marketing agent.

Base on the reserve price, the land rate for the freehold plot is about $2,377 psf ppr.

Including an additional 7 per cent bonus gross floor area (GFA) for balconies, the land price will reduce to S$2,287 psf ppr.

The Bayron condo comprises of 96 units that spread over 2 residential blocks and hold dual addresses at 49 Saint Thomas Walk and 13 Devonshire Road.

It sits on an area of 56,481 sq ft and has an existing gross floor area (GFA) of around 159,892 sq ft.

Under the 2019 URA Master Plan, the prime site has been zoned for “Residential” use and has a gross plot ratio of 2.8. The maximum allowable height is 36 storeys.

The elevated prime site enjoys high visibility and has 2 frontage facing Devonshire Road and Saint Thomas Walk.

According to CBRE, the freehold site can be redeveloped into a new residential project with a total of 220 apartments, averaging 66 sq m in size.

Recent reply from URA stated that the site has no development charge payable due to the high development baseline.

The Bayron Condo is near to Orchard Road
The Prime Redevelopment Site with Prestigious Address is Located Within Orchard Road of Singapore

Luxury Residential Sector Will Continue to Perform Well

Michael Tay, head of capital markets of CBRE Singapore said that this attractive site in prime location will draw strong interests from both foreign and local developers.

Particularly those who are currently looking out to increase their land banks or focus on the luxurious residential segment of Singapore.

He added that in Singapore, overall supply in the luxury residential sector remains low.

He is optimistic that the luxury residential sector will continue to perform well, owing to strong sales at recent new launch projects such as Nouvel 18, Martin Modern and The Avenir as well as the low interest rate environment.

The Bayron Condo Prime Site Information

The Bayron Condo has a prestigious address and is located in prime district 9 of Singapore.

The site is near the F&B, entertainment and lifestyle facilities on Orchard Road, and is located within an affluent residential enclave.

The Saint Thomas Suites, New Futura and the Metz are among the nearby residential projects.

The 3 recently collective sites sold in this hot district are Fairhaven Sophia Ville and Mount Emily Road site

The enbloc site is easily accessible from Somerset MRT station which is located only at 350 meters away.

River Valley Primary School and Chatsworth International School are two nearby schools.

The Singapore River and Forth Canning Park are both within walking distance.

Michael Tay believes this en bloc site offers a great timely opportunity for investors or developers seeking good quality prime site at this prestigious location and the site is not constrained by the “85-square-meter” rule because of its central location.

This allows developers the ability to configure the residential developments to fit smaller units, which will be appealing and affordable to buyers who may be looking to downsize or retire, as well as millennials seeking smaller dwelling units in a prime, but highly connected area,” he said.

The public tender for The Bayron freehold site will close on April 6, 2021 at 3 pm.

The Bayron Condo En Bloc Details

The Bayron Condo En Bloc Sale 2021 Pinterest
  • Status: For Sale

  • Tenure: Freehold

  • Land Size: 56,481 sq ft

  • Plot Ratio: 2.8

  • Gross Floor Area: 159,892 sq ft

  • Total Units: 96

  • Address: 49 Saint Thomas Walk and 13 Devonshire Road

  • District: 9

  • Nearest MRT: Somerset

  • Marketing Agent: CBRE Singapore

  • Reserve Price: S$376 million

  • Tender Close: April 6, 2021

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