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Sprawling GCB site at Ridout Road on the market

The 73,277 sq ft freehold site can be subdivided into four smaller plots; seen fetching about S$88m

Published Mon, Mar 9, 2015 · 09:50 PM

Singapore

A SPRAWLING 73,277 sq ft freehold Good Class Bungalow (GCB) redevelopment site along Ridout Road has been put on the market.

Located at 35 Ridout Road in District 10, the property is expected to fetch around S$1,200 per square foot on total land area, amounting to S$88 million, according to market watchers. This takes into account setting aside space for roads assuming the buyer decides to carve out the site into four smaller plots.

On the site are an original two-storey bungalow with two single-storey outhouses and a large open green field on an elevated level, said DTZ. The property consulting group is the exclusive marketing agent for the sale of the property, which will be offer…