Casa Jervois – Prime Residential Site For Sale By Tender

11 November 2009

Savills Singapore is pleased to announce the launch of a prime residential site for sale by Tender.

 

Casa Jervois, 99 Jervois Road – as a redevelopment site

The development site sits on approximately 38,088 sq ft of prime residential land located at No. 99 Jervois Road. Based on the Master Plan 2008, the permissible plot ratio for the site is at 1.4 with a height restriction of 5-storeys.

The site is located along Jervois Road, immediately next to the Chatsworth Good Class Bungalow Area (GCBA), a very exclusive prime residential address. It is also within the vicinity of several embassies including the High Commission of Malaysia, High Commission of Brunei Darussalam, Embassy of the Republic of Indonesia – a truly Embassy enclave.

It is also very conveniently located mere minutes drive to Valley Point, Great World City and the Orchard Road shopping belt. The Redhill MRT Station is also within a pleasant walk from Casa Jervois.

“Casa Jervois is ideal for redevelopment into a boutique residential project. The trees leading to and surrounding the site provide unmatched tranquillity for the eventual buyers of the new development,” says Suzie Mok, Director of Investment Sales at Savills Singapore who is handling the sale.

“Anecdotally, we are slowly seeing the return of foreign buyers into the high and luxury residential sectors. The confluence of other factors such as an improving economy, opening of the two Integrated Resorts, abundant liquidity and cheap financing continues to augment well for this end of the market going forward,“ added Ms Mok.

Casa Jervois has an indicative guide price of S$75 million or about S$1,444 psf (inclusive of an estimated Development Charge payable of S$2 million) on the potential gross floor area.

The last site to be sold in the vicinity was Bishops Walk which was sold to Kajima Overseas Asia for about S$1,544 psf ppr in April 2007.

The tender will close at 3 pm on the 8th December 2009.

 
 

Key contacts

Suzie Mok

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Director, Investment Projects

SGX Centre 1, Singapore

+65 6415 3625

 

Michael Lim

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Corporate Communications Manager

SGX Centre 1, Singapore

+65 6415 7579