If you’re looking for a prime investment opportunity, United House has just relaunched its collective sale tender with a reserve price of $166 million, the same as previous attempts. Situated at Kramat Lane in the bustling Orchard Road area, this freehold commercial building spans an impressive 12,383 square feet and stands ten stories tall. With such prime real estate in a highly sought-after location, you can see why this property is drawing attention from potential investors and developers alike.
The tender deadline is set for July 1, 2025, giving you ample time to consider the possibilities and strategize your investment approach. Originally launched in October 2024, the sale was withdrawn temporarily to confirm hotel use planning, which indicates a shift towards hospitality asset development. This focus on creating a hotel is particularly noteworthy, considering the growing demand for high-quality accommodation in this vibrant part of Singapore.
When it comes to pricing, the redevelopment figures are set at $3,045 per square foot per plot ratio (psf ppr) for commercial use, while the hotel use pricing is slightly higher at $3,254 psf ppr. These prices reflect a calculated strategy aimed at maximizing the site’s potential, especially given the increasing trend towards hospitality developments in urban areas. As an investor, you’ll want to weigh these costs against the potential returns and consider how this property fits into the broader market landscape.
One of the biggest selling points of United House is its strategic location. Being within walking distance of the Dhoby Ghaut MRT Interchange not only enhances accessibility but also makes it a prime candidate for redevelopment into a flagship or boutique hotel. Such proximity to key transportation hubs is crucial for attracting both local and international visitors, significantly increasing the property’s value.
As you delve into the details, you may find that the area’s vibrant atmosphere and close proximity to shopping districts, cultural attractions, and business hubs make it an attractive prospect for redevelopment. The potential for a boutique hotel that caters to both leisure and business travelers could position United House as a desirable destination, tapping into the lucrative hospitality market.
Investing in a property like United House offers you a chance to be part of Singapore’s dynamic growth story. With its established freehold status and the opportunities for redevelopment, you can envision transforming this site into something special that meets the evolving needs of the market.
Whether you’re a seasoned investor or someone new to the scene, the relaunch of this collective sale tender should definitely be on your radar.
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Bloomsbury Residences is an exciting new condo launch offering a range of modern living spaces from one to four-bedroom apartments.
With detailed Bloomsbury Residences floor plans available, potential buyers can envision their ideal homes.
The project features luxurious amenities, including a swimming pool and fitness center, all within a vibrant neighborhood.
Competitive pricing makes Bloomsbury Residences an attractive investment opportunity.
For more information, including the Bloomsbury Residences e-brochure and Bloomsbury Residences Project Details, interested buyers can visit the official website.
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News Source: Edgeprop
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