Robin Drive property sold to Robin Development for $17 million

6A, B & C Robin Drive property sold for land rate of $1,454 per square foot per plot ratio (psf ppr)

Robin Drive property

EDMUND TIE announced on 5 July that they have completed the sale of Robin Drive property to Robin Development Pte Ltd at $17 million.

Strategically located at Robin Drive, the property sits on a 951.8 sq m (approximately 10,245 sq ft) regular plot. There is also the opportunity to purchase an adjacent strip of State land of approximately 16.2 sq m (approximately 174 sq ft), bringing the total land size to 968 sq m (approximately 10,299 sq ft). Under Master Plan 2019, the regular shaped site in which the Robin Drive Property sits is zoned for Residential use at Plot Ratio 1.4.

The Robin Drive property is an ideal site for an upscale boutique development of up to 13 units based on an average unit size of 100 sq m.

The Robin Drive property enjoys excellent accessibility and convenience at its doorstep, being located within walking distance (200m) to Steven MRT Interchange. In addition to being in close proximity to a host of amenities including recreational clubs, supermarkets and eateries, the property is surrounded by a string of elite schools.

Executive Director, Investment Advisory, Edmund Tie, Swee Shou Fern, commented: “The tender attracted very keen interest from both investors and developers due to its prime location and bite-sized quantum. The sale price of $17 million reflects a land rate of $1,454 per square foot per plot ratio (psf ppr).”

In early March, EDMUND TIE announced that they are handling the sale of 6A/B/C Robin Drive. Besides the Robin Drive property EDMUND TIE also closed the en bloc sale of 2, 4 and 6 Mount Emily Road comprising three adjoining 3-storey residential buildings. The sale being the first collective sale of the year, went to ZACD International for $18 million.

Mr Paul Ho, chief officer at iCompareLoan, said, “the Robin Drive property is ideal for niche development because of its boutique size. It is also attractive location wise.”

Orchard Shopping District is really close by to the Robin Drive property. It’s only three minutes away by car if you take Stevens Road. Knock yourself out at world-class shopping malls like Paragon, Forum, Wisma Atria, Delfi, Ion Orchard, Takashimaya, and others. And do be sure to check out the slew of nearby hotels, as well as the many restaurants sprinkled throughout Dunearn Road and Orange Grove.

For some country club fun, it only takes a short trip to an esteemed rendezvous like the Singapore Island Country Club. Also within an easy driving distance are the Premier Club, The Pines Club, the Raffles Town Club, the Hollandse Club, and the Royal Tanglin Golf Course. And whenever you feel like slowing down, you can retreat to the Singapore Botanic Gardens, which is a burst of emerald greenery and fresh air in the middle of the Lion City.

It is comfortably near the upcoming Stevens MRT Station – it’s just a ten-minute walk away. This station will be ready to serve the Downtown Line by the year 2016; it will be fully completed by 2021, featuring an interchange with the Thompson Line. In the meantime, the area is serviced by the Newton, Botanic Gardens, and Orchard MRT Stations, which are all still near enough to walk. There are also several bus services and bus stops in the neighbourhood.

If you drive a private car, you can easily get onto Bukit Timah Road or the Pan-Island Expressway, for easy, island-wide access. If you take River Valley Road, you can get to the CBD or Marina Bay in 15 short minutes.

The location is also very agreeable for parents with children, since the surrounding region presents a range of schools. Within walking distance are the Anglo-Chinese Primary School, and Singapore Chinese Girls School. If you prefer to send your kids to an international institution, you’d be glad that three are well within a two-kilometer radius: St. Joseph’s Institute International, San Yu Adventist School, and the Chinese International School. The ISS International School (Preston Campus) is just a 15-minute drive southward. Also within the neighborhood are esteemed institutions like Anglo-Chinese School Junior, and Raffles Girls’ School. Similarly nearby are Raffles House Preschool, Overseas Family School, Agape Little Uni, and Catholic Junior College.

Mr Ho said, “Although District 9 properties are generally more expensive, it does not mean that it is out of reach for the right home buyer. The prospective buyers have to do the right research and see if they can get a right loan for their purchase.”

“Also don’t forget that any purchase in District 9 is a good investment,” he added.

If you are planning to invest in properties in District 9 but ensure of funds availability for purchase, speak to a mortgage broker who can set you on a path that can get you a home loan in a quick and seamless manner.

Brokers have close links with the best lenders in town and can help you compare Singapore home loans and settle for a package that best suits your home purchase needs. You should also find out about money saving tips.

Whether you are looking for a new home loan or to refinance, a good Mortgage broker can help you get everything right from calculating mortgage repayment, comparing interest rates all through to securing the best home loans in Singapore. And the good thing is that all their services are free of charge. So it’s all worth it to secure a loan through them.

Written by Ravi Chandran

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