The Business Times
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Orchard Bel Air en bloc closes without sale; 5 Oxley Rise, Oxley Garden also not sold

Corinne Kerk

Published Tue, Sep 6, 2022 · 06:21 PM
    • The 99-year leasehold tenure of Orchard Bel Air (outlined) started in Aug 1980, and it has a land area of about 93,126 square feet.
    • 5 Oxley Rise is one of the last remaining freehold residential landed sites within the prime Orchard Road district.
    • Owners of Oxley Garden, outlined, are understood to be planning a relaunch of their en-bloc sale.
    • The 99-year leasehold tenure of Orchard Bel Air (outlined) started in Aug 1980, and it has a land area of about 93,126 square feet. PHOTO: BT FILE
    • 5 Oxley Rise is one of the last remaining freehold residential landed sites within the prime Orchard Road district. PHOTO: BT FILE
    • Owners of Oxley Garden, outlined, are understood to be planning a relaunch of their en-bloc sale. PHOTO: BT FILE

    THE public tender sale of Orchard Bel Air closed on Tuesday (Sep 6) with its owners entering into discussions with potential buyers.

    Located at the doorstep of the soon-to-open Orchard Boulevard MRT Station, the prime District 10 condominium was put up for sale at S$587.5 million on Jul 27.

    The 71-unit development’s 99-year leasehold tenure started in Aug 1980, and it has a land area of about 93,126 square feet (sq ft). Under the Master Plan 2019, it has a gross plot ratio (GPR) of 2.8 and a building height control of up to 36 storeys.

    Collective saleSingapore propertyKnight FrankJLLCBREURA

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