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Bideford Hills, the Singapore’s largest ever mixed-use collective sale
Bideford Hills is the lasted FREEHOLD residential and commercial development, centrally located along Bideford Road, District 9, Singapore. SIN Capital Group, a private investment group in Asia won the top $380m bid for this development. This home has site area of about 21,600 sq ft, comprising 7 levels of commercial and retails space, also 19 levels residential block of 37 exclusive unit apartments with home choices ranging from 1-bedroom to 3-bedroom.
Bideford Hills Factsheet
|Project Name||Bideford Hills|
|Developer||SIN Capital Group Pte Ltd|
|Address||30 Bideford Road|
|Site Area||21,602 sf|
|Description||Mixed development for commercial and residential use|
Bideford Hills New Launch allows the city's nostalgic atmosphere evokes a time when life was simpler. A myriad of shophouse and eateries within the development brings a feast of authentic flavours. The 7 commercial storeys at here provide a comprehensive of convenient services even for the most exciting, allowing a pleasant dining and shopping experience for residents as well as the public. Also, future residents will be indulged in a variety of shared facilities such as lap pool, jacuzzi, clubhouse, BBQ pits and more.
Bideford Hills Mixed Development is ideally near to major road to present your business with the new chance such as Central Expressway (CTE), Ayer Rajah Expressway (AYE) and Marina Coastal Expressway (MCE). Somerset MRT and Newton MRT station are a gateway to seamless connectivity. Your next generation will be shine positively at many reputable schools including River Valley Primary School, Chatsworth International School and Singapore Management University.
Located in golden location, discover this prime neighbourhood to explore more information.
Bideford Hills Units Mix
|Type||Size||No of Units|
Bideford Hill (Former Thong Sia Building) sold for S$380m in Singapore’s mixed-use collective sale
FREEHOLD commercial and residential property Bideford Hills, near the Paragon shopping mall, has been put up for sale for the first time since it was built in 1981 and the vendors are expecting offers of between S$400 million and S$420 million. This translates to S$2,559 to S$2,687 per square foot (psf) over the existing gross floor area (GFA) of about 156,300 square feet.
If the government allows the sale of an adjoining road that just serves Bideford Hills, the purchaser's costs could go down to S$2,414-2,532 psf, said sole marketing agent Jones Lang LaSalle Property Consultants (JLL).
More than 80 per cent of the owners, measured both by share value as well as strata floor area, have consented to the collective sale of the 26-storey building along Bideford Road. The building has a land area of about 21,600 sq ft, and comprises seven levels of commercial space and a 19-level residential tower of 37 apartments.
“The sale of Bideford Hills at $380 million makes it the second largest collective sale over the last seven years, after Serangoon Plaza, as well as the largest ever mixed-use collective sale in Singapore. While en bloc sales tend to take place when the market is on the uptrend, which is not the case now in particular for the residential market, there would still be takers for attractive and well-priced assets such as Bideford Hills,” said Karamjit Singh, International Director, JLL
It was sold to a member of SIN Capital Group, a private investment group in Asia. The sale is subject to approval by the Strata Titles Board before it can be completed.