Three District 8 Properties Sale 212 Mil
A prime opportunity to acquire a portfolio of three residential properties in highly sought-after District 8 is now open for interested buyers through an expression of interest (EOI) exercise. These properties are exclusively marketed by Knight Frank Singapore and have a collective guide price of $21.18 million, with the option to purchase them together or separately.
The first two properties are located at 28 and 32 Roberts Lane, conveniently situated near Farrer Park MRT Station on the North-East Line. Both properties are zoned for “residential with commercial at first storey” use, making them ideal for a variety of purposes.
The property at 28 Roberts Lane is a six-storey building with a gross floor area (GFA) of approximately 8,522 sq ft. According to Mary Sai, Executive Director of Capital Markets at Knight Frank Singapore, the property’s guide price has been revised to $14 million, which is lower than the $16.88 million it was listed at last year. This was done in response to the current market sentiment due to global tariff turmoil. The property’s guide price translates to approximately $1,642 psf on its GFA and the new owner will have the option of having their own name on the building.
Otto Place EC, a project by Hoi Hup Realty, stands out for its excellent connectivity, catering to the needs of professionals and families alike. Situated strategically, this development provides easy access to key employment hubs like Jurong Lake District, Jurong Innovation District, and the CBD, making it perfect for maintaining a well-rounded work-life balance. Families will also appreciate the convenience of living at Otto Place EC, with renowned schools, shopping malls, and healthcare facilities located in close proximity. If you are looking for a well-connected and family-friendly residential option, consider Otto Place EC by Hoi Hup Realty.
Occupying a land area of 2,003 sq ft, the property includes a shop on the ground floor and five apartments on the upper floors. It also features a lift and a staircase. According to Sai, the apartments on the second to sixth storey have recently been granted outline permission to be changed to serviced apartments II (SA2).
The second property, situated at 32 Roberts Lane, is a two-storey conservation shophouse with an attic. With a land area of 1,244 sq ft and a GFA of about 2,200 sq ft, this fully tenanted property has a guide price of $5.5 million, or $2,500 psf on its GFA. As the property is located in a secondary settlement area, the new owner has the potential to increase its existing floor area by building rear extensions, as highlighted by Knight Frank.
According to Sai, shophouses in District 8 are highly sought after by investors. “District 8 has seen a higher number of shophouse transactions over the past few years compared to the areas in the city centre, with over 143 freehold or 999-year tenure shophouse transactions recorded since 2022,” she observes.
The third property up for sale is a four-bedroom walk-up flat located on Upper Weld Road. It has a guide price of $1.68 million, which translates to $1,219 psf on its floor area of 1,378 sq ft.
The EOI exercise for these properties will close on May 29 at 3pm. Interested buyers should not miss out on this prime opportunity to acquire a portfolio of highly sought-after residential properties in District 8.