Three adjoining mixed-use sites near Botanic Gardens MRT station sold for $53.9 mil to Royal Golden Eagle Group affiliate

EdgeProp Singapore

December 15, 2021

SINGAPORE (EDGEPROP) - Three adjoining mixed-use redevelopment sites near the Botanic Gardens MRT station have been sold in a collective sale for $53.9 million to Hillcrest Investments, an affiliate of Royal Golden Eagle (RGE) Group. JLL was the sole marketing agent for the collective sale.

The price translates to approximately $1,504 psf per plot ratio. All the owners agreed to the sale which means that no Strata Titles Board application for a sale order is needed.

The site is located at 551/A/B/C to 553 Bukit Timah Road and 6/A/B/C to 8/A/B Duke’s Road, and comprises eight walk-up apartments, four ground floor shops, and a driveway plot. The entire plot is bounded by Duke’s Road, Queen’s Road, and Bukit Timah Road, with road access from Duke’s Road.

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