D01 (Boat Quay / Raffles Place / Marina)
Rochor
Bencoolen (DT21)
Sold Property
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Freehold
June 13, 2022
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$S 1,728.11
Ground
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It is a 999-year leasehold apartment that is nestled within a bustling area, being walking distance to popular town areas like Dhoby Ghaut, Bugis and Princep Street.
Don’t be turned away by its ageing looks because this unit has a lot of undiscovered potential for investments, starting from how the project sits on a site demarcated in URA Masterplan for hotels. While we do not wish to speculate, what are the chances of a collective sale or en bloc happening for this project?
Furthermore, this unit stands at 1,302 sqft which is considerably larger than the newer counterparts in the market today. With an option to even convert this unit to a 4-bedder, these rooms can tenanted out for rental income. Since the area is flooded with renowned schools, it would be of no surprise that there is an ever ready pool of tenants from the students of these schools.
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