EnBloc Potential @Manhattan House, S$3.4 mil Office Unit for Sale

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MANHATTAN HOUSE
Two Strata Office Units For Sale












DESCRIPTION
RARE Commercial Office Unit for Sale:-

Location: Manhattan House @ Chin Swee Road
- HIGH Potential for Future EN BLOC
- Floor Area: 2,551 sq ft
- Regular Layout with Functional Space
- High Floor & Unblocked View of Pearl Hill City Park
- Mins Walk to SHENG SHIONG Supermarket
- Mins Walk to OG Department Centre 
- Mins Walk lose Proximity to City Center
- Mins Walk to Chinatown MRT
- Mins Walk to People’s Park Food Court, People’s Park Complex
- Mins Drive to Orchard Road, Raffles Place, CBD
- Monthly Maintenance Fee: $1,443.08

S$ 3,400,000
Area 2551 sqft   (S$1,332.81 psf)

Manhattan House
151 Chin Swee Road 169876 Alexandra / Commonwealth (D03)
Nearby Stations
6 mins (450 m) to DT19/NE4 Chinatown MRT
9 mins (680 m) to NE5 Clarke Quay MRT
9 mins (690 m) to DT20 Fort Canning MRT

Details

Type: Office For Sale
Unit: Fully Furnished
Tenure: 99 year Leasehold
Floor Area: 2551 sqft
PSF: 1332.81 psf

Investment Computation
Property Price: S$ 3,400,000
Loan Tenure: 20 years
Amount: S$ 2,550,000
Interest: 1.5% pa
Monthly: S$12,505
Principal: S$ 9,117
Interest: S$ 3,188


NEWS Source: EdgeProp dated 18 Sep 20
Manhattan House up for collective sale at $300 mil

SINGAPORE (EDGEPROP) - Manhattan House is to be launched for collective sale by public tender on Sept 20, at a reserve price of $300 million. This reflects a land rate of about $1,681 psf per plot ratio, and is inclusive of differential premium payable. ERA Realty is the marketing agent.

More than 80% of the owners are in favour of the en bloc sale. The 99-year leasehold Manhattan House comprises 269 units, and occupies a land area of about 44,861 sq ft. Zoned “commercial” under the 2014 Master Plan, it has an indicative plot ratio of 4.7.

It is a less than 11-minute walk from the Chinatown, Fort Canning, and Clarke Quay MRT stations.

“We have already received strong interest from local and overseas developers even prior to our tender launch, given Manhattan House’s choice location and promising development potential,” says Jeremy Rikas Chiu, group division director of ERA Realty Network.



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