Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

No. 10A and 10B Institution Hill Sold at $33.6 million

Jayna Poh • 19/02/2021

No. 10A and 10B Institution Hill Sold at $33.6 million

Two residential plots at No. 10A and 10B Institution Hill have been sold to a consortium consisting of the Macly Group, Roxy-Pacific Holdings and LWH Holdings for $33.6 million. The sale was brokered by Cushman & Wakefield, who were the exclusive agents handling the Expression of Interest (“EOI”). 

10A and 10B Institution Hill are located within the coveted District 9 residential enclave and have a 999-year leasehold tenure. Both plots have a total site area of 813.9 sq m (8,761 sq ft approximately) and a plot ratio of 2.8 with a corresponding total gross floor area of 2,278.92 sq m (24,530 sq ft approximately) for residential development. 

According to Ms Christina Sim, Director of Capital Markets at Cushman & Wakefield, there was keen interest in this plot as many developers are continuously looking to land bank to develop and sell. Interest in districts 9, 10 and 11 and those residential plots on the fringe of the Central Business District (CBD) are especially popular due to the scarcity of supply of small to mid-sized plots. The recent transacted prices in the vicinity have also taken a hike. New strata units in projects nearby like 8 St. Thomas, The Avenir and RV Altitude are averaging between $2,700 psf and $3,000 psf. 

With the surrounding neighborhood of Orchard Road, Robertson Quay, Clarke Quay and River Valley precincts filled with a plethora of entertainment, retail and F&B outlets, Institution Hill is possibly one of the best locations to work, live and play. 

Related Insights

H2 2023 Government Land Sales Programme
Insights • Economy

Cushman & Wakefield Comments on H2 2023 Government Land Sales (GLS) Programme

The Government today announced the Government Land Sales (GLS) Programme for the second half of 2023, which comprises eight Confirmed List sites and nine Reserve List sites. 
Xian Yang Wong • 21/06/2023
Innovative Turnkey Retail Creates A Win-Win Solution-750

Innovative Turnkey Retail Creates A Win-Win Solution

Retail sales remain below pre-pandemic levels (Chart I), as footfall in malls continues to be hit by an ongoing capacity limits, border controls and work from home arrangements. From dine-in bans to the cap on group sizes, restrictions in the F&B sector have dealt an even greater blow to the retail industry as F&B establishments are integral to draw traffic to any retail sites.

Bernadette Gan
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All