TWO adjoining freehold plots at 43 and 45 Gentle Road have been sold for S$30.89 million to boutique developer Pinnacle Assets, slightly over the properties’ guide price of S$30 million. With a combined area of 15,923 square feet, the sale of the two sites translates to a land rate of S$1,940 per square foot (psf), marketing agent Knight Frank Singapore said on Monday (Nov 27).
The two properties are in District 11’s Chancery landed housing enclave that is in the two-storey mixed landed zoning under the URA Master Plan 2019.
Sited across the road from the Bukit Tunggal Good Class Bungalow Area, the houses are within walking distance of Novena and Newton MRT Stations.
Located within District 11’s Chancery landed housing enclave, the plots currently house a pair of single-storey semi-detached houses built in the 1950s and can be rebuilt as detached, semi-detached or terrace houses up to two storeys high.
Victor Soh, managing director of Pinnacle Assets, said the company plans to develop the sites into landed homes, together with another pair of semi-detached houses along Chancery Lane which it acquired earlier in June 2023 for S$16.6 million.