Verdun House is a four-storey, freehold commercial property at 6, 8, 10 and 12 Verdun Road. The development is on the market at a guide price of $82 million, according to its marketing agent Cushman & Wakefield. The property was previously acquired by Fragrance Group executive chairman and CEO James Koh, who originally bought it for $55.1 million in April 2022. That transaction followed two previous en-bloc attempts: one in August 2021 for $55 million, and one in 2018 with an asking price of $60 million. The current guide price represents a 48.8% premium in just over four years. The land plot is a regular-shaped site spanning approximately 7,316 sq ft, with an existing Gross Floor Area (GFA) of approximately 22,730 sq ft. Based on a new maximum potential GFA of around 30,728 sq ft (Gross Plot Ratio of 4.2), the $82 million guide price translates to approximately $2,669 per sq ft. Located at a prime city-fringe site, Verdun House is well positioned to serve a diverse catchment of businesses and users. (Map: URA)...