22 Cypress Avenue
SG - Singapore
€7,659,000 | 0.00 km²
Land
Collective Sale of Shenton House
3 Shenton Way, Singapore, 068805, SG
Gallery
Asset Description
JLL is pleased to offer for sale by public tender, Shenton House, 3 Shenton Way, Singapore.
Under the CBD Incentive Scheme, the site will enjoy a 25% bonus gross floor area and be redeveloped to a mixed-use or hotel development up to a GPR of 14.0.
Shenton House presents astute developers with an investment opportunity to create a prized landmark development in the core of the financial district.
Attributes
Asking Price
€410,753,000
Land area net
0.00 km² (3,377 m²)
Investment Highlights
- Land 36,350 sq ft; 99 years from June 1969 (Balance ~45 years)
- Triple road frontages with high visibility along Shenton Way (~91m)
- 2019 MP ‘Commercial’ at GPR 11.2 – NO ABSD
- CBD Incentive Scheme +25% bonus up to GPR 14.0
- 3 possible options: ‘Commercial’ with up to 40% Res; ‘Com & Res’ or ‘Hotel’
- Shenton Way MRT Station; 300m to Downtown MRT; 450m to Tanjong Pagar MRT
Contact brokers
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
13 Feb 2023