News

Commercial Property

Staff Reporter

, Singapore

Published:

1 year ago

Press photo / ETC

United House relaunched for sale at $166m

The tender closes at 3:00 p.m. on 1 July.

ETC has relaunched United House on Orchard Road for collective sale at a reserve price of $166m.

The tender closes at 3:00 p.m. on 1 July.

The site on Kramat Lane spans 1,192.7 square metres (sqm).

Under Singapore’s Master Plan 2019, the site is for commercial use, with a plot ratio of 4.9 and permission to build up to 10 storeys.

The Urban Redevelopment Authority has given preliminary approval for hotel use on the same planning terms.

Depending on the redevelopment type, the estimated land rate is $3,045 per sq ft per plot ratio for commercial use or $3,254 for hotel use.

The site is not subject to Additional Buyer’s Stamp Duty (ABSD) or restrictions on foreign ownership.

The sale comes amidst broader government plans to overhaul Orchard Road, which includes expanding green spaces like Istana Park and transforming the area into a more walkable and lifestyle-focused district.

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