Rare freehold landed site in Orchard area expected to draw offers of over S$300m

AN ELEVATED freehold residential landed site at 5 Oxley Rise in District 9 with an enormous size of 151,205 square feet (sq ft) has been put up for sale by public tender, with offers in excess of S$300 million expected.

CBRE, which is marketing the property, says it is one of the last remaining freehold residential landed sites within the prime Orchard Road district, and may be redeveloped into a single large mansion, strata or mixed landed developments, or multiple Good Class Bungalows (GCBs).

Situated on a hilltop, 5 Oxley Rise comprises 2 land plots, with a 2-storey bungalow and 4 outhouses surrounded by sprawling greenery on site.