Sale SGD 1,850,000
Orchard Road, 238852 District 09
- Built-up : 301 sq. ft.
- Land area : -
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
301 sq. ft.