United House freehold site hits market at $166m
The tender for the site closes on 14 November at 3 p.m.
United House, a prime freehold commercial redevelopment site on Orchard Road, has hit the market for $166m.
The reserve price translates to a land rate of S$3,025 per square foot per plot ratio for commercial redevelopment.
The site can be redeveloped into a modern 10-storey commercial building with a gross floor area of up to 62,900 square feet, complete with exclusive naming rights, according to EDMUND TIE, its exclusive marketing agent.
The tender for the asset will close on 14 November at 3 p.m. United House sits on a rectangular freehold land plot of approximately 1,192.7 square meters.
It features a 51-metre frontage along Kramat Lane and a depth of approximately 23 meters.
Under the Master Plan 2019, the property is zoned for ‘Commercial’ use with a plot ratio of 4.9.
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