64 Wilkie Road, a freehold residential building, is being relaunched for collective sale via tender on April 6, according to marketing agent Propnex Realty. With a guide price of $10 million, this works out to $1,348 psf per plot ratio (psf ppr) including the 7% balcony space and land betterment charge (LBC).

Previously, the property at 62 Wilkie Road was launched for en bloc sale in August 2022, with a guide price of $9.2 million and the tender for both 62 Wilkie Road and 64 Wilkie Road was launched for collective sale for $19.5 million in November 2022, however the tender closed without any bids.

The apartment at 64 Wilkie Road consists of five strata units and is situated on a site of 3,306 sq ft that is zoned for residential use with a gross plot ratio of 2.1, according to the URA Master Plan 2019.

Tracy Goh, head of investment and collective sales at PropNex, notes that the building can be extended and redeveloped to increase the gross floor area to 645 sqm (6,943 sq ft). This would not only enhance the recurring rental income from this residential building, but could also be of interest to local developers and investors due to its freehold tenure and location in District 9. Proximity to a number of MRT stations such as Dhoby Ghaut, Rochor and Bencoolen further add to the site’s appeal.

JCube will close doors in August to make way for 40 storey residential and commercial development, JCube Condo Residence, expected to launch for sale in 2023 with estimated price JCube Residence of S$2,000-$2,100 psf. The development will be linked to amenities in the Jurong Lake District.

Nearby amenities include Plaza Singapura, Bugis Junction, Mustafa Centre, City Square Mall, GR.iD mall, Tekka Market, and various eateries in Prinsep Street, Selegie Road and Little India. Schools in the vicinity of 64 Wilkie Road 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 collective sale tender for 64 Wilkie Road will close on May 12 at 2pm. Goh expects keen interest from developers and investors alike, given the rare opportunity to acquire a freehold property in the city-centre of Singapore with a competitive price.