Royal Hallmark @ Freehold along Haig Road launched for collective sale for $48 million

Royal Hallmark @ Freehold along Haig Road launched for collective sale for $48 million

Located at 1 Haig Lane, Royal Hallmark just a distance' walk to Dakota MRT station. Being an exclusive freehold residential development - a prime location in District 15. This condominium offers residents comfort every step of the way. Including only 32 apartments, you will be living in an ideal area with a range of surrounding facilities and internal facilities of the project. Inspired by the colonial bungalows built between the late 19th century and the early 1930s in Singapore, the condo conveys a sense of nostalgia and luxury with the monotonous tone of the dark gray windows and walls.

Royal Hallmark @ Freehold along Haig Road launched for collective sale for $48 million

Royal Hallmark @ Freehold along Haig Road launched for collective sale for $48 million

A row of Royal Hallmark New Launch at 173/A/B/C - 183/A/B/C (odd number) Haig Street has been put up for sale collectively. Colliers was the sole marketing agent for this collective sale. The freestanding zone has a projected price of $48 million, which corresponds to a land rate of $1,252/psf per lot. According to Colliers, there is no developer fee to redevelop a website.

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Royal Hallmark Condo is located at the intersection of Haig Road and Seraya Road. It is supported by a network of roads and highways including Mountbatten Road, Tanjong Katong Road, Kallang-Paya Lebar Expressway (KPE), and East Coast Park Road (ECP). This Royal Hallmark is strategically located and has an attractive size. It will appeal to developers who are familiar with the site's unique appeal. John Bin, director of Capital Markets & Investment Services, Singapore at Colliers, said the government's most recent land sale site in Jalan Tembusu attracted eight bids and was ultimately awarded at $1,302. /psf ppr, shows that this area is highly desired by developers.

Royal Hallmark's location on the East Coast means it's close to a variety of dining, lifestyle and entertainment options, such as Kinex, I12 Katong, Parkway Parade, Dunman Food Center and East Coast Park. Paya Lebar business district is also nearby. Many well-known schools are also located within the Royal Hallmark area, including Tanjong Katong Primary School, Haig Girls' School, Tanjong Katong Girls' School, Chung Cheng High School (main campus) and Canadian International School (main campus) Tanjong Katong office).

The four-storey apartment complex is located on a 27,389 sq ft site and the project consists of 24 apartments. According to the 2019 Master Plan, this area is subdivided 'Residential Area' with a total land plot ratio of 1.4. It is subject to redevelopment as a new 35-unit residential area with an average unit size of 1,100 sq ft, subject to approvals.

The collective buying and selling session will end on April 7.

Source From EDGEPROP

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