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Killiney 118 up for collective sale again at S$76 million

·Finance Editor
·2-min read
Photo of the facade of Killiney 118, a six-storey apartment building along 118 Killiney Road. (PHOTO: Knight Frank)
Killiney 118, a six-storey apartment building along 118 Killiney Road. (PHOTO: Knight Frank)

SINGAPORE — Killiney 118, a six-storey apartment building along 118 Killiney Road, has been relaunched for collective sale with an unchanged guide price of S$76 million.

The development was earlier launched with the same guide price in April this year.

The freehold site has a land area of approximately 7,688 square feet. The total existing gross floor area stands at roughly 30,327 sq ft, reflecting a plot ratio of 3.94, its sole marketing agent Edmund Tie said in a statement.

Completed in 2013, it has a restaurant on the first floor, 30 apartment units on the upper floors, and a basement carpark.

Under the the Urban Redevelopment Authority (URA) Master Plan 2019, the site is zoned for "Residential with Commercial at 1st Storey".

Subject to final planning approval, the successful buyer will have the option to adapt the prime freehold property in Orchard Road for hotel or serviced apartment use, or adapting the existing building to become a post-natal care centre.

There is no development charge payable if the conversion is to a post-natal care centre, hotel or serviced apartments.

"Further plus points include the property's central location near Orchard Road, proximity to Somerset MRT station and the myriad amenities in the immediate vicinity, all of which tick the boxes for visitors' consideration for short- or long-term stay," Swee Shou Fern, head of investment advisory at Edmund Tie, said.

The tender will close on 13 September at 3pm.

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