Real Estate, Paterson Tower, Rental Houses, Apartments, Condos, Homes Singapore
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Last updated: 29 Dec 2002
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Aug 28 2001.
4+1 2600 sq. ft $5,500
|Paterson Hill, off Paterson
Road, 5 min walk to Orchard subway/Road. Completed: 1983.
4-bedroom: 2600 sq. ft (family room upstairs, small master bedroom)
4-bedroom: 2650 sq. ft
Usually there is a maid's room downstairs
Interiors: Living/dining - granite of grey and white originally unless replaced by new Owner. Bedrooms parquet. Big kitchen and utility area.
Great location near Orchard Road and 5-minute walk to
Some units are un-renovated or partially
"Give the Landlord any
offer. It is the Tenant's market!" said a cheerful experienced old hand
when an associate brought an English couple to view the 3+1 Grangeford
All prospective Tenants
know rentals are getting lower but realtors who act for the Landlord must
have a sense of obligation not to market the Landlord as
"desperate" for any offer.
Obviously this high floor
Grangeford 3+1 Condo could not be rented for $4,000, as $5,000 would be a
Times January 11 2000)
In a new twist to collective sales, the owners of Paterson Tower have put up their property tender without officially setting a reserve price. Instead, marketing agents Colliers Jardine and Knight Frank will sell the site based on an indicative price of about $240 million, or $996 per sq. ft per plot ratio. No development charge is payable. The district 9 plot currently houses a 72-unit condominium, with a site area estimated to be 114,547 sq ft. Under the 1998 Master Plan, the property is designated for residential use with a maximum plot ratio of 2.1, and a building height of up to 20 storeys. Based on these guidelines, the new condominium development should yield about 130 units of some 1,600 sq ft each.
Implications for Tenants: Landlords want to lease the apartments with 3 months' termination notice to be given anytime there is a successful enbloc sale. Many tenants dislike this uncertainty. The enbloc sale was not successful in 2001.
JAN 1 2003.
One renovated Paterson Tower unit for rent $5,000.
Email email@example.com or tel:+65 9668 6468.
Pictures of other condos for rent