Ultra Mansion was sold for $149,130,000 through a collective sale brokered by Cushman & Wakefield (C&W). Despite the latest property measurements introduced by Singapore government, this freehold site located at No. 4 Derbyshire Road in District 11 is proven to be popular and attractive due to its prime location and close proximity to Novena Mrt Station which is about only 500m away. This freehold development is located within future Novena Health City, Singapore major medical hub with top notched medical facilities and medical schools. The current nearby Mount Elizabeth Novena Hospital is already operational and was opened for business in July 2012.
With a Gross Floor Area of approximately 140,000 sq ft, Ultra Mansion can be redeveloped into a 186 unit residential project in Novena. Novena has traditionally been popular amongst home seekers and investors due to its very near to Orchard Road and is surrounded by good schools, shopping center, offices and lifestyle stores such as Velocity, Novena Square.
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