Noel Building En Bloc 2023 - Playfair Road Collective Sale Instagram

Noel Building En Bloc 2023 – Playfair Road Collective Sale

A Pivotal Real Estate Opportunity in Tai Seng

In the heart of Tai Seng, a significant real estate event is unfolding. The Noel Building, a remarkable establishment at 50 Playfair Road, is entering the market through a collective sale.

As the deadline approaches, this freehold development, with a guide price of $70 million, is set to be a focal point for investors and developers alike.

One of the Noel Building’s most striking features is its strategic positioning. Just 400m from the Tai Seng MRT Station on the Circle Line, the location offers unparalleled connectivity.

For businesses and potential residents, the convenience of being so close to a major transport hub cannot be overstated.

Rare Zoning Presents Unique Opportunities

This eight-story edifice is zoned for “Business 1 – White” use and boasts a plot ratio of 3.5. This unique zoning, as highlighted by Swee Shou Fern of Edmund Tie, is quite uncommon in Singapore, making the Noel Building an enticing proposition.

Whether you’re an owner-occupier aiming to tailor-make your corporate headquarters or a developer envisioning a hub of strata factories dedicated to light industrial use, this site offers versatile redevelopment options.

With a potential maximum gross floor area of 93,770 sq ft, the en bloc site is ripe for transformation.

Investors can envision a sprawling commercial complex or a mixed-use marvel, dedicating a substantial portion for light industrial use and allocating the remainder for “White” operations, such as retail, offices, or eateries.

Investment Perspective: Positive Market Indicators

The rising demand for high-quality strata factories, especially those in proximity to MRT stations, underscores the Noel Building’s investment potential.

Recent trends, like the appreciation of properties such as AZ@Paya Lebar, further validate this perspective.

Additionally, previous notable transactions in the “Business 1 – White” zoned sector, such as the Citimac sale, reiterate the lucrative potential of such properties.

The collective sale of the Noel Building presents a monumental opportunity for savvy investors and visionaries in the real estate domain.

With its prime location, rare zoning, and immense redevelopment potential, it’s set to be a highlight of Singapore’s property market in 2023.

Proprietors are eagerly awaiting the tender closure on November 22, anticipating competitive bids and a bright future for this Tai Seng treasure.

Recent En Bloc Properties Sold

  1. Delfi Orchard (Record Price)
  2. Noel Building
  3. Shenton House
  4. Kew Lodge 
  5. GSM Building 
  6. GS Building
Noel Building En Bloc All Details
  • Status: For Sale

  • Tenure: Freehold

  • Land Size: 26,791 sq ft

  • Gross Floor Area: 93,770 sq ft

  • Plot Ratio: 3.5

  • Address: 50 Playfair Road

  • Nearest MRT: Tai Seng

  • District: 13

  • Marketing Agent: Edmund Tie

  • Reserve Price: S$70 million

  • Tender Close: November 22, 2023