You probably know that this construction, but not its title: that is the only next to Bras Basah Complex, together with the two storey McDonald’s. Yup, it is up available:
The”McDonald’s close to the library construction”
Regardless, we are betting you understand the construction:
299 square meters could possibly be constructed in addition to the present 2698.7 square yards without a development charge.
The 999-year lease started at 1827, so a number of our grandparents were on the ship to Singapore as it started.
See the Dairy Farm Residences price for more details.
The property has been promoted by Edmund Tie & Company, in an indicative cost of $80 million. As it is a commercial property, there is absolutely no extra Buyers Stamp Duty (ABSD) — although the customary GST applies. The sale is available to overseas buyers too.
Office-space investors, be aware
This region is a small goldmine. It is also within walking distance to Raffles City, CHIJMES, along with the huge retail stretch that is Bugis.
Road-wise, the place is a heart that immediately links to Nicoll Highway, East Coast Parkway, Pan Island Expressway, along with the Kallang-Paya Lebar Expressway. As you have probably guessed nevertheless, traffic in this region is heavy at virtually all times.
Whoever has this place will see any competition from Guccoland’s Midtown, a $2.4 billion mega-project across Beach Road, along with the newest Shaw Tower (the recent Shaw Tower, that had much more or less simply been a house to Singapore’s finest Turkish restaurant for the last ten years, will probably be torn down in 2023).
But we believe there will be strong need nonetheless — not everybody will require an office as expansive as Midtown, and also the K.H. Kea construction is somewhat more fundamental than Shaw Tower. Keep a look out for what’s next.
All this current redevelopment is part of the Ophir-Rochor Corridor — that is intended to revive the Beach Road area, also supply more in the method of courtyards and green spaces (if you have a look in Beach Road today, it is all concrete and glass ). We anticipate that a lot of the modifications will be observable from 2023.
We are also likely to find out more collective earnings of older office resources here, during the upcoming few decades. It will get exciting.