reporter2
02-04-15, 19:17
http://www.straitstimes.com/archive/thursday/premium/money/story/late-eye-surgeons-chancery-property-sale-20150326
Late eye surgeon's Chancery property up for sale
Published on Mar 26, 2015 2:33 AM
http://www.straitstimes.com/archive/thursday/sites/straitstimes.com/files/imagecache/ST_REVAMP_2014_STORY_PAGE_640X360/20150326/ST_20150326_RWCHANCERY26_1177680e.jpg
A two-storey detached house sits on the Chancery Hill Road site. It has an indicative price of $19 million, or about $1,488 per sq ft. -- PHOTO: KNIGHT FRANK
By Rennie Whang
THE estate of a renowned eye surgeon, the late Professor Arthur Lim, has put a Chancery Hill Road property up for sale at an indicative price of $19 million.
The property is on a 12,772 sq ft site and is zoned residential, for two-storey mixed landed use.
It had been owned by Prof Lim, the founding medical director at the Singapore National Eye Centre, before he died in August last year.
A two-storey detached house sits on the site.
The property is suitable for addition or alteration works or redevelopment.
The authorities have also approved a subdivision of the property into two bungalows, said Knight Frank, which is marketing the property.
Ms Mary Sai, executive director at Knight Frank, noted its location within the "prime Chancery area".
The property is near Novena and the upcoming Mount Pleasant MRT stations, as well as established schools including Anglo-Chinese School (Barker Road), Catholic Junior College and Singapore Chinese Girls' Primary School.
"The prospective buyer can either redevelop it into a luxurious new bungalow, two bungalows for multi-tier families or strata landed housing," said Ms Sai.
"Given its redevelopment potential, we would expect strong interest for this property."
The indicative price of the property is $19 million, or about $1,488 per sq ft (psf).
A nearby Dyson Road bungalow sold for $20 million or $1,493 psf in April last year, while another bungalow in Gentle Road sold for $13.1 million or $1,493 psf in March last year.
The sale is by expression of interest and closes on April 21 at 3pm.
[email protected]
Late eye surgeon's Chancery property up for sale
Published on Mar 26, 2015 2:33 AM
http://www.straitstimes.com/archive/thursday/sites/straitstimes.com/files/imagecache/ST_REVAMP_2014_STORY_PAGE_640X360/20150326/ST_20150326_RWCHANCERY26_1177680e.jpg
A two-storey detached house sits on the Chancery Hill Road site. It has an indicative price of $19 million, or about $1,488 per sq ft. -- PHOTO: KNIGHT FRANK
By Rennie Whang
THE estate of a renowned eye surgeon, the late Professor Arthur Lim, has put a Chancery Hill Road property up for sale at an indicative price of $19 million.
The property is on a 12,772 sq ft site and is zoned residential, for two-storey mixed landed use.
It had been owned by Prof Lim, the founding medical director at the Singapore National Eye Centre, before he died in August last year.
A two-storey detached house sits on the site.
The property is suitable for addition or alteration works or redevelopment.
The authorities have also approved a subdivision of the property into two bungalows, said Knight Frank, which is marketing the property.
Ms Mary Sai, executive director at Knight Frank, noted its location within the "prime Chancery area".
The property is near Novena and the upcoming Mount Pleasant MRT stations, as well as established schools including Anglo-Chinese School (Barker Road), Catholic Junior College and Singapore Chinese Girls' Primary School.
"The prospective buyer can either redevelop it into a luxurious new bungalow, two bungalows for multi-tier families or strata landed housing," said Ms Sai.
"Given its redevelopment potential, we would expect strong interest for this property."
The indicative price of the property is $19 million, or about $1,488 per sq ft (psf).
A nearby Dyson Road bungalow sold for $20 million or $1,493 psf in April last year, while another bungalow in Gentle Road sold for $13.1 million or $1,493 psf in March last year.
The sale is by expression of interest and closes on April 21 at 3pm.
[email protected]