2, 4 and 6 Mount Emily Road For Sale Collectively at $18 mil

Read related article: Southpoint Office Unit for Sale Through Personal Treaty at $18 mil

Three adjoining three-storey residential buildings at 2, 6 and 4 Mount Emily Road are marketed by means of a collective sale to ZACD International at $18 million. It’s the very first collective sale of this year.

The freehold properties sit a joint site area of 5,549 sq feet, along with the buildings have a entire floor space of 16,138 sq ft. Under Master Plan 2019, the land is zoned for residential use in a plot ratio of 2.1. The purchase price of $18 million equates into $1,115 psf, dependent on the current gross floor space. The trade is the first collective sale of this year.

Little India MRT interchange station is 200m in the home.

“The tender drawn quite keen attention from developers and investors because of the prime location and bite-sized quantum. The 100% owners’ permission also supplied the developer certainty in agreement conclusion timeline,” states Swee Shou Fern, executive manager of investment advisory in Edmund Tie & Company.

The land has been originally established in June a year ago in a direct price of $24 million ($1,485 psf based on gross floor space ).