Fernhill Court up for en bloc sale at $125m

A luxury boutique development with 90 new homes can be created out of the property.

The freehold development Fernhill Court at 60 Fernhill Road, District 10 will be put up for collective sale for $125m via public tender on 16 May 2018, Colliers International revealed.

According to an announcement, the reserve price translates to a land rate of $1,885 psf ppr, after factoring in a development charge of $3.7m. The sale has already had 100% consensus from the owners.

Fernhill Court, built in 1981, is situated next to the Nassim Road, Dalvey Road, and White House Park Good Class Bungalow (GCB) areas.

Colliers International managing director Tang Wei Leng commented, “We expect to see substantial interest in the Fernhill Court tender opportunity due to the scarcity of prime freehold redevelopment sites in the exclusive Fernhill/Orange Grove area and the palatable investment quantum. The site will allow the successful tenderer to create a luxury boutique development comprising 90 new homes with an average size of 750 sqft.”

The site is near the Orchard Road shopping belt, the Shangri-La hotel, and amenities such as the UNESCO World Heritage Site Singapore Botanic Gardens, the Singapore Chinese Girls’ School, Nanyang Primary School, and Anglo-Chinese School (Barker Road).

Nearby Stevens MRT station on the Downtown Line – which will be connected to the upcoming Thomson-East Coast Line in 2021 - also provides easy access to well-known attractions including Fort Canning, Chinatown, Marina Bay Sands, Bugis, Little India, and Botanic Gardens.

The site is also connected to main roads and expressways such as Orchard Road, Stevens Road, Pan Island Expressway and Central Expressway.

Fernhill Court comprises 18 maisonettes with sizes ranging from 2,271 sq ft to 2,982 sq ft. Each owner could stand to receive a minimum of between $6.32m and $8.3m from the successful sale of the development.

Under the Master Plan 2014, the 4530.7 sqm (approximately 48,768 sq ft) site has no plot ratio indication and the building height is subject to detailed control. However, Outline Planning Permission has been submitted for a proposed residential development with a Gross Plot Ratio of 1.4, comprising a 5-storey block and a 2-storey block.

The collective sale tender for Fernhill Court will close at 3 p.m. on 21 June 2018.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]