Orchard Bel Air up for en bloc sale at S$587.5m

ORCHARD Bel Air, located at the doorstep of the soon-to-open Orchard Boulevard MRT Station, is up for sale by public tender at S$587.5 million.

The prime District 10 development, whose 99-year leasehold tenure started in August 1980, has a land area of about 93,126 square feet (sq ft). Under the Master Plan 2019, it has a gross plot ratio of 2.8 and a building height control of up to 36 storeys.

The guide price of S$587.5 million translates to a land rate of approximately S$2,600 per square foot per plot ratio (psf ppr) after factoring in an upgrading premium of approximately S$131 million for the lease top-up. No development charge is payable. Taking into consideration the 7 per cent bonus gross floor area allowed for balconies, this translates to approximately S$2,526 psf ppr.