Semi-detached house in Orchard up for sale with S$12m guide price

A TWO-STOREY semi-detached property in Orchard has been offered for sale by real estate consulting firm Edmund Tie, with an indicative guide price of about S$12 million.

The property sits on freehold land spanning 454.9 square metres or 4,896 square feet. This translates to a land rate of around S$2,450 per square foot (psf) for the house located along Jalan Kelawar and bounded by Orchard Boulevard, Grange Road and Paterson Road, said the firm in a statement on Thursday.

Tan Chun Ming, the firm's executive director of investment advisory, said the house - situated on one of the highest points in One Tree Hill, is a "hard to come by" opportunity as houses in the new One Tree Hill Collection development have been transacting at prices above S$3,000 psf.

"The property will be sold on an as-is-where-is basis with vacant possession and is ideal for rebuilding or addition and alteration works to create the ideal home," he added.

Houses surrounding the semi-detached are mainly owner-occupied, and the last transaction along the same row was concluded more than 10 years ago.

Edmund Tie is the sole marketing agent for the sale of the semi-detached house.

The expression of interest exercise for the property will close on Nov 17 at 3pm.