Largest ever en-bloc in Grange road for sale at $2,500 psf

The breakeven price for a developer will be a whopping $3500 psf.

Knight Frank Singapore is launching the tender for Spring Grove which has an extensive land area of 24,481.2 sq m (approx. 263,513 sq ft or 6.2 acres). It currently comprises 3 blocks of 20-storey apartments with 325 residential units and the conserved Spring Grove House. 

Under the Master Plan 2014, the site is designated as “Residential” with a Gross Plot Ratio (GPR) of 2.1. At GPR 2.1, it can be redeveloped up to a maximum permissible Gross Floor Area(GFA) of approximately 553,377 sq ft.

“Being the largest residential plot along Grange Road, the site offers an exceptional redevelopment opportunity for developers to design, plan and build an iconic residential development that could surpass all others, hence cementing their presence in one of Asia's most desired residential estates,” says Mr Ian Loh, Director & Head, Investment and Capital Markets. “It is also one of the few residential plots remaining in the Orchard area to be made available for redevelopment into a large-scale luxury condominium.”

The owners of Spring Grove are expecting offers in excess of S$1.39 billion, which is inclusive of the lease top-up premium for a fresh 103-year lease. This translates to a land price of approximately S$2,512 psf ppr based on the maximum permissible GFA of approximately 553,377 sq ft.