Rare freehold landed site at Oxley Rise expected to draw offers of over S$300m
Add BT as a preferred sourceAN 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.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
