In December 2022, the condo made a first attempt at a collective sale with a target price of $175 million for the building

Charming Garden is within an area that is designated for two-storey semi-detached housing in the 2018 Master Plan. “Subject to the conditions to conditions, according to the Urban Redevelopment Authority has advised that the site could also be redeveloped to the flats that have been approved,” says Tang.

Grand Dunman facilities will have an excellent access to an established transport network within close reach of amenities.

She continues: “Having the flexibility to create either landed or apartments will provide more appeal to buyers. The rising demand for landed housing together with the lack of supply of homes has led to an 5.9% price increase for land-based properties in the first quarter of 2023”.

She claims that a developer who plans to transform the site to a land-based housing development could build 112,710 sq feet of landed constructed space without incurring costs for land improvement.

The public auction for the auction of Charming Garden will close on the 10th of July.