SINGAPORE PROPERTY INVESTMENT

43-47 New bridge Road

This building is available and I had a quick view just now. I think we can knock it down to S$7 million. It has an approx 12,000 sq ft of letable space and it works out to 583 psf which I think it's a pretty decent price.

This is a 99 years leasehold and currently only left with about 60 years. However we are allowed to top up to 99 years as this area is marked commerical (blue area) which means if we like, we can tear down and build a 12 story building. I am finding out how much we have to pay to top up to 99 years.

It is 5 minutes from the central business district and booming future integrated resort at Marina bay. It is also 2 minutes away from Chinatown.

Only setback back is that this building doesn't have an elevator and instal one would cost around SGD100-150K. Other than that, each floor is very equally distributed and easy to let out.

43-47 New Bridge Rd are as follows

1. A&A & Rebuilding works cost

According to URA, there is a development charge if you should carry out either A&A or rebuilding works. As to what the charges will be, we will only know after we submit a formal application to URA for their calculations.

2. Rebuilding Potential

For this site, the plot ratio is 4.2. This essentially means you can expand on the GFA, subject to URA approval.

3. Lease Top Up

A lease top up is possible but SLA will only provide the figures after we submit a formal application to them.

Basic Info for 43-47 New Bridge Road

This is a 99-year leasehold commercial building property.Opposite The Central, Clarke Quay.New overhead bridge being constructed, direct access to Clarke Quay MRT. Behind is SAFRA Town Club. Can build own garage and access from back alley.Selling price: SGD$7milExisting leasable area:#01-01 1853 sqft (excluding 5-foot way, which is part of the title deed) #02 flr- 2482 sqft#03 flr - 2266 sqft#04 flr - 2304 sqft#05 flr - 2280 sqftTotal leasable area = 11185 sqft