FKA Vicenta Lodge, a freehold development located at 16-22 Lorong Marzuki in Kembangan, Singapore, was sold for $27.2 million in a collective sale via private treaty on March 15. This 16-unit property, brokered by PropNex Realty, achieved a land rate of $968 psf per plot ratio (psf ppr) after accounting for bonus balcony space and development charges. Initially launched for collective sale in April 2021 at $29 million, it was relaunched in February at a lower reserve price, attracting renewed interest due to its freehold tenure and proximity to Kembangan MRT station. The 21,281 sq ft plot, with a gross floor area of approximately 29,794 sq ft, presents a prime opportunity for developers aiming to create boutique residential complexes.
Factsheet
| Name | FKA Vicenta Lodge |
| Type | Condominium |
| Developer | TBA |
| Architect | TBA |
| Address | 16, 18, 20, 22 Lorong Marzuki |
| District | District D14 –Paya Lebar / Eunos / Geylang |
| Tenure | Freehold |
| Site Area | 21,281 sq ft |
| Total Storey | TBA |
| Total Units | 16 |
| Car Park Capacity | TBA |
| Expected TOP Date | TBA |
Unit Mix
| Unit Type | Size | No of Units |
| 1-bedroom | TBA | TBA |
| 2-bedroom | TBA | TBA |
| 3-bedroom | TBA | TBA |
| 4-bedroom | TBA | TBA |
| 5-bedroom | TBA | TBA |
| Penthouse | TBA | TBA |
KEY SELLING POINTS
1. Freehold Tenure: Long-term investment security.
2. Prime Location: Close to Kembangan MRT station.
3. Attractive Land Rate: $968 psf per plot ratio.
4. Redevelopment Potential: Ideal for boutique residential complexes.
5. Developer Interest: Lower reserve price has sparked renewed interest.
6. Proximity to Amenities: Convenient access to various amenities.
7. Market Demand: Strong developer appetite for residential sites.