Savills Singapore announced the opportunity to acquire freehold residential development at Balmoral enclave, Treasure on Balmoral

SINGAPORE, 14-7-2014 — /EuropaWire/ — Savills Singapore as exclusive marketing agent, is pleased to announce for sale by Expressions of Interest, the opportunity to acquire 100% ownership of a brand new luxurious freehold residential development located in the prime Balmoral enclave – Treasure on Balmoral (the “Property”).

The Property, prominently located in the exclusive District 10 at 5/5A Balmoral Road is developed by Hiap Hoe Group and designed by an award-winning architectural firm Architects 61. It comprises of two 12-storey standalone blocks of 48 luxury residential apartments in a mix of 3, 4 bedrooms and penthouses.  Unit size ranges from 158 sq m to 350 sq m (1,701 sq ft to 3,767 sq ft). The total strata area is about 103,439 sq ft.

Treasure on Balmoral accords a lifestyle of comfort relaxation and extravagance with its offering of facilities which includes a 2-storey clubhouse fully equipped with a multi-purpose room with kitchenette, gymnasium, male and female changing rooms. There is also a landscaped swimming pool and entertainment deck for private parties and social gatherings.

The Property is easily accessible via the Bukit Timah main arterial road and Stevens Road. It is also a stone throw away from Orchard Road shopping belt and 10 minutes drive from the Central Business District. Popular educational institutions Anglo-Chinese School (Barker Road), Singapore Chinese Girls’ School and Raffles Girls’ School are all within 1-km from the Property.

‘’We expect a strong price recovery in the high-end property market during the next property upswing as the high-end market has been battled for quite a number of years.  What we have here is a rare opportunity for private investors or ultra high net worth individuals to acquire a well located and high quality product as an investment property or strata sales exit in future.’’ said Steven Ming, Managing Director of Savills Singapore.’’

The guide price for the property is S$1,850 psf or S$191.4 million.

The EOI closes on the 21 August 2014 Thursday at 3pm.

KEY CONTACTS
Steven Ming

Steven Ming
Managing Director, head of Investment & Residential services
Savills Singapore
+65 6415 3624