Family puts St Thomas Walk site up for sale at $68m

It can be redeveloped into a 36-storey, high-rise boutique project.

A prime freehold residential site along St Thomas Walk in District 9 has been put up for sale via tender at an asking price of $68m, Edmund Tie & Company (ET&Co) revealed. The property’s ownership is held under a single family.

According to an announcement, the property has a land area of approximately 1,190 sqm or 12,809 sqft and is zoned for Residential use at gross plot ratio (GPR) of 2.8 under Master Plan 2014. Subject to relevant authorities’ approvals, the site can be redeveloped into a high-rise boutique project with a maximum height of 36 storeys.

As the property is in the Central Area, the usual restriction on the maximum number of dwelling units (based on an average unit size of 70 sqm or 100 sqm) does not apply and there is no specific cap on the number of dwelling units according to URA’s guidelines.

The property is in the heart of Orchard Road and 1km away from the River Valley Primary School. It is also within walking distance to Somerset MRT station on the North-South Line (NSL).

This tender exercise for the site will close on Tuesday, 3 July 2018 at noon.