Midpoint Orchard
  • 9
Sale SGD 1,850,000

Orchard Road, 238852 District 09

  • Built-up : 301 sq. ft.
  • Land area : -

    Midpoint Orchard

    Rare Enbloc Potential MidPoint Orchard Freehold Commercial Next to MRT 
    Rare Freehold Commercial Shop!
    Enbloc Potential!
    Foreigner Eligible!
    1 min walk to Somerset MRT!
    Located in the Heart of Orchard Road Most Prime Retail Area in Singapore!
    Tenanted
    Call Vincent 9379 9993 Now to View!
    
    Ground Floor Unit 
    301sqft
    $1.85m
    $6146psf
    
    Second Floor Unit 
    409sqft
    $2.045m
    $5000psf
    
    GOOD NEWS:
    URA allow increase plot ratio from the current max 5.6 for single building to up to 8.4 if three building join hands in this project. 
    https://www.straitstimes.com/business/property/ura-offers-sweeteners-to-midpoint-orchard-orchard-og-and-faber-house-to-join-hands
    
    The Maximum allowable gross plot ratio for each of the buildings is up to 5.6, and URA is offering to raise this to 6.0 if Midpoint Orchard and Orchard OG decide to redevelop together, and up to 8.4 if all three building are willing to join hands in the project.
    If Midpoint Orchard and Orchard OG redevelop together = Plot ratio increase by 11.1%
    If Midpoint Orchard, Orchard OG and Faber House redevelop together = Plot ratio increase by 50%
    Orchard OG is asking at 9026psf for the whole building
    If a developer buy Midpoint Orchard below 9026psf and join hands with Orchard OG and Faber House and increase their plot ratio by 50% do they all make money?
    So the question is does Midpoint Orchard have Enbloc Potential?
    
    Call Vincent 9379 9993 Now to View!
    www.ShowFlat.Online

    Property Details

    Building Name:
    Midpoint Orchard
    QuickPro No:
    IPL20038745
    Property Type:
    Retail
    District:
    District 09
    Tenure:
    Freehold
    Built-up:
    301 sq. ft.
    Bedrooms:
    -