Wheelock Properties has submitted an application for a minor relaxation of plot-ratio restriction from 0.5 to 0.55 for the proposed redevelopment of a residential property located at 77 Peak Road (also known as Dodwell Mansions). Currently standing on the site is a “Colonial style low-rise luxury building” containing 12 units of size 2,391 sqft or 2,734 sqft.

The increase in plot ratio is purported to be part of an exchange with the Government for giving up a portion of the lot to permit increasing the road width upon redevelopment.

» continued…

The well publicised sale of the world’s most overpriced expensive apartment raced around the media in late 2009. The developer, Henderson Land, has been quiet about the identity of the purchaser so how could we dig a bit deeper on this transaction to get more information?

Land search
As we’ve written about before, transactions are recorded in the Land Registry and are listed against the property they relate to. Our first stop is the Land Registry’s IRIS land search website to pay $10 for a land search on the unit.

After a brief search we can see the unit we are interested in:

» continued…