Collective Sale of Kai Fook Mansion
Kai Fook Mansion, a collective sale site located at Kim Tian Road has been launched for sale through public tender by sole marketing agent, Huttons Asia Pte Ltd, with an asking price of $123 million.
The 9,999 year leasehold site sits on a total land area of 1,476.8 sqm (15,896 sqft) and is zoned for “Residential with Commercial at 1st Storey” with an allowable gross plot ratio of 3.0.
With the existing total strata area of 49,944 ft², the site could be developed into a 6-storey comprising 41 residential apartments with an average size of 915 ft² and approximately 12,500 ft² commercial spaces which could house a large hyper-mart, F&B or co-working spaces, subject to planning approval.
“The site offers an excellent redevelopment opportunity for developers to create a contemporary masterpiece within the nostalgic and vibrant Tiong Bahru estate” says Mr Terence Lian, Head of Investment Sales, Huttons Group.
Kai Fook Mansion is a mere 3-minute walk to Tiong Bahru Plaza and Tiong Bahru MRT station, which is a convenient location for both amenities and getting around the city. “The area is a popular choice for both locals and expatriates given its rich cultural heritage, hipster cafes, indie bookstores and its close proximity to the city-centre” Mr Lian added.
“This highly sought-after expatriate enclave will continue to have high demand for sale and rental, as it is not only a great place to live in, relax and mingle, but also has excellent connectivity to the various parts of Singapore” says Ms Angela Lim, Deputy Head of Investment Sales, Huttons Group.
The public tender for Kai Fook Mansion closes on Wednesday, 19 May 2021 at 12 noon.
For enquiries please call:
Mr Terence Lian
Head, Investment Sales
Mobile: 9696 7000
Ms Angela Lim
Deputy Head, Investment Sales
Mobile: 9621 5622