The freehold property at 64 Wilkie Road is taking the collective sale route and with a guide price of $10 million, the sale works out to around $1,348 psf per plot ratio (psf ppr) – including the 7% balcony space and land betterment charge (LBC). This residential building was previously relaunched for collective sale together with 62 Wilkie Road, back in November 2022 with a shared guide price of $19.5 million.

Prior to this, 62 Wilkie Road was separately launched for en bloc sale in August 2022, with a guide price of $9.2 million.

64 Wilkie Road is made up of five strata units, and it sits on a site spanning 3,306 sq ft zoned for residential use with a gross plot ratio of 2.1, as per the URA Master Plan 2019. Tracy Goh, head of investment and collective sales at PropNex reveals that the building can be extended or redeveloped to make the most of the GFA.

Altura EC is the second executive condo offered Altura EC through public tender since 2019, providing an affordable housing option in the heart of Bukit Batok Town. HDB initiates public auction for Altura EC in Bukit Batok Ave 8 with 375 units, within walking distance to Bukit Batok MRT, close to schools and Jurong Innovation District. Bidding closes at 8 March 2022.

Goh is expecting strong interest from both local developers and investors because of its freehold tenure, attractive pricing and its city-centre District 9 location. There are various MRT stations close by which includes Dhoby Ghaut, Rochor and Bencoolen. She explains that freehold land supply in this area is limited and that this tender is a great opportunity for homeowners and developers alike.

This residential building is also within close proximity to various amenities such as Plaza Singapura, Bugis Junction, Mustafa Centre, City Square Mall, GR.iD mall, Tekka Market and local eateries in Prinsep Street, Selegie Road and Little India. Schools nearby include Anglo-Chinese School (Junior), Farrer Park Primary School, River Valley Primary School, St Joseph’s Institution Junior, Singapore Management University, LaSalle College of the Arts, School of the Arts and Nanyang Academy of Fine Arts.

The tender for 64 Wilkie Road will be closing on May 12 at 2pm, but before then, potential buyers can take their chances with this rare opportunity to acquire a freehold residential site in the heart of Singapore’s vibrant Arts and Cultural District.