Dalvey Court in District 10 up for en bloc sale at $160m

It can be redeveloped into a medium-rise project next to White House Park good class bungalow areas.

Dalvey Court at 28 Dalvey Estate in District 10 has been put up for collective sale at $160m, marketing agent Cushman & Wakefield said. According to an announcement, 80% of the owners already consented to the sale.

Dalvey Court is a nine-storey residential block comprising 32 apartment units of similar size. It has a freehold tenure with a land area of 4,103.1 sqm (44,165 sqft approximately).

Under the Master Plan 2014, the site is zoned Residential with a plot ratio of 1.6 with a 12-storey height control. "Dalvey Court is not affected by any traffic impact study and hence, the potential developer may build up to 93 apartments based on an average unit size of 70 sqm," C&W added.

Due to the high development baseline, there is no development charge payable. Based on the current estimated gross floor area (GFA) of 7,400.69 sqm (79,660 sqft) the land rate is expected to be about $2,009 psf ppr pending a GFA verification from the relevant authorities.

The site is suitable for a medium-rise residential development in a low-density location adjacent to the exclusive and affluent Dalvey Estate and White House Park Good Class Bungalow areas, C&W added. It is close to schools such as St. Joseph’s Institution, Singapore Chinese Girls’ School, Anglo-Chinese School (Barker Road) and Nanyang Primary School.

The Stevens MRT Station is a five-minute walk away. This station will also serve as an interchange station for the Downtown Line and the future Thomson-East Coast Line.

The tender for Dalvey Court will close at 3 p.m. on 2 August 2018.

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