City Development (CDL), through its fully owned subsidiary CDL Regulus Pte. Ltd, tendered the winning bid to acquire the Haus on Handy property in Singapore. The winning price was S$212,200,000.
Singapore - November 26, 2018 /MarketersMedia/ —
Haus on Handy is pleased to announce that City Development (CDL) has beaten out several other bidders in order to gain the 99-year lease for the property. The bid was entered by its fully owned subsidiary, CDL Regulus Pte. Ltd. Several bidders were interested in the property, due to its strategic location in District 9 next to Orchard Road and its proximity to various amenities. With the recovering Singapore residential market, there are plans to develop three residential towers between eight and ten storeys. This will constitute a basement carpark and up to 200 apartments.
More information available at https://www.hausonhandy.com/
Haus on Handy Condo project sits on a site area of 51,626 square feet and enjoys its location in the prime District 9 which is matured and among the highly sought-after residential areas. Considering that it is situated on elevated land, the project offers the potential to exploit the skyline and city views. The site also enjoys unbeatable connectivity; Dhoby Ghaut MRT station is just 50 meters away. The triple line interchange is connected to a sheltered walk away. The Orchard Road Shopping Belt, Marina Bay Financial District and CBD are also a few minutes drive away.
The development is close to essential amenities and good schools, which will make life easier for future residents. Haus on Handy CDL is certainly going to be success featuring top-notch facilities to benefit the residents.
The new residential development situated at Handy Road is next to the Dolby Ghaut MRT Station that operates as an interchange for North-South Line, North-East Line and Circle Line. The Dolby which is just 200m away from the residential towers will provide the residents with fast and efficient transport to any part of Singapore. Bencoolen Downtown Line Train Station is also 400 metres away adding to the convenience of commuting in this area. For those who own a car, or prefer using public transport then there are various expressways to ensure arrival at the destination on time.
Name: Mr Lim
Organization: Haus on Handy
Address: 28 Handy Road, Singapore 22922
For more information, please visit https://www.hausonhandy.com/
Release ID: 449578