Trendale Tower up for sale again with higher S$178m guide price
Trendale Tower up for sale again with higher S$178m guide price
Aug 11, 2022
FREEHOLD residential site Trendale Tower has been put up for sale again, this time with a higher guide price of S$178 million via a public tender exercise, said exclusive marketing agent Savills Singapore in a statement on Thursday (Aug 11).
Situated at 79 Cairnhill Road, the 20-storey development houses 18 apartments of 298 square metres each, which works out to S$2,386 per plot ratio after factoring in the 7 per cent bonus gross floor area for balconies.
Excluding the bonus gross floor area, the guide price rounds to S$2,449 per plot ratio.
The development charge payable for the 7 per cent bonus gross floor area is about S$6.4 million.
The building has a verified gross floor area of 72,691 square feet (sq ft) - or equivalent gross plot ratio of about 3.34 - and sits on a land area of approximately 21,708 sq ft. It is also zoned “residential” under the Urban Redevelopment Authority’s 2019 Master Plan with an allowable gross plot ratio of 2.8 and has a height control of up to 36-storeys.
A pre-application feasibility study is also not required by the Land Transport Authority for the site redevelopment of up to 103 apartments, said Savills.
Residents will have access to schools like Anglo-Chinese School (Primary), Anglo-Chinese School (Primary) and EtonHouse International Pre-School, which are situated within 1 kilometre of the property.
The nearest MRT station is Newton station, less than 500 metres away.
“Given Trendale Tower’s close proximity to Newton MRT station and the site located at the doorstep of Orchard Road, we expect keen interest from developers,” said Savills’ deputy managing director, investment sales and capital markets, Galven Tan.
“The stock of high quality luxury developments is extremely low and it is opportune to acquire a prime site like Trendale Tower to cater to this segment of buyers.”
The same development was earlier put up for collective sale with a reserve price of S$163.52 million in May 2018. The deal did not go through, The Business Times understands, as there were no buyers.
The tender exercise will close on Sep 13 at 3 pm.
https://www.businesstimes.com.sg/rea...8m-guide-price
