{"id":102684,"date":"2019-01-04T13:12:06","date_gmt":"2019-01-04T06:12:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cavenagh-gardens-up-for-en-bloc-sale-at-480m\/"},"modified":"2019-01-04T14:05:18","modified_gmt":"2019-01-04T07:05:18","slug":"cavenagh-gardens-up-for-en-bloc-sale-at-480m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cavenagh-gardens-up-for-en-bloc-sale-at-480m\/","title":{"rendered":"Cavenagh Gardens up for en bloc sale at $480m"},"content":{"rendered":"


\nThe reserve price for the freehold development in District 9 works out to a land rate of $1,695 psf ppr. (Photo: JLL)
\nCavenagh Gardens, a freehold residential development along Cavenagh Road in District 9, has been launched for en bloc sale with a reserve price of $480 million, revealed marketing agent JLL.
\nWith a land area of 128,255 sq ft, the development comprises three blocks of 172 apartments. The site is zoned residential under the 2014 Master Plan with a gross plot ratio of 2.1.
\nMore:\u00a0Over 30 En Bloc Sites Fail To Secure Buyers
\nIt is close to a few shopping malls including The Centrepoint and Plaza Singapura as well as the Somerset and Dhoby Ghaut MRT stations. Nearby schools include St. Margaret\u2019s Primary School and Anglo-Chinese School (Junior).
\nJLL noted that the site could be redeveloped to contain 400 apartment units averaging 740 sq ft each. And since it is located within the central area, URA\u2019s revised planning guideline on the minimum average unit sizes will not apply.
\nThe reserve price reflects a land rate of $1,695 psf per plot ratio (psf ppr), including an estimated state land premium of $18.4 million.
\nLast year, the Singapore Land Authority granted in-principle approval to amalgamate about 11,800 sq ft of state land with the subject site.
\nIncluding the 10 percent bonus gross floor area (GFA), the price would translate to $1,541 psf ppr. No development charge is payable, even for the additional 10 percent bonus GFA.
\nThe tender for Cavenagh Gardens closes on 31 January.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Cavenagh Gardens up for en bloc sale at 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The reserve price for the freehold development in District 9 works out to a land...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102684","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qIc","jetpack-related-posts":[{"id":88551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-more-properties-launched-for-en-bloc-sale\/","url_meta":{"origin":102684,"position":0},"title":"8 more properties launched for en bloc sale","date":"May 17, 2018","format":false,"excerpt":"\r Cairnhill Astoria (the red building) in prime District 9 has joined a growing list of properties launched for en bloc sale. (Photo: Colliers International) Singapore\u2019s red-hot collective sales market continues to sizzle with more homeowners jumping on the en bloc bandwagon. Cairnhill Astoria in Cairnhill Rise and Trendale Tower\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hiap-hoe-buys-up-unsold-units-at-luxury-condo-to-avoid-hefty-fines\/","url_meta":{"origin":102684,"position":1},"title":"Hiap Hoe buys up unsold units at luxury condo to avoid hefty fines","date":"October 31, 2016","format":false,"excerpt":"\r Located in prime District 9, Waterscape At Cavenagh still has 50 unsold units. (Artist\u2019s impression) To avoid paying additional extension charges for the 50 remaining units at Waterscape At Cavenagh, the developer of the 200-unit freehold residential project in District 9 had no choice but to be acquired by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28793,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/raintree-gardens-sold-en-bloc-for-334-2m\/","url_meta":{"origin":102684,"position":2},"title":"Raintree Gardens sold en bloc for $334.2m","date":"October 6, 2016","format":false,"excerpt":"\r The sale price works out to a land cost of about $797 psf per plot ratio on the potential gross floor area. Source: JLL The 175-unit Raintree Gardens residential development at Potong Pasir has been sold collectively to UVD (Projects), a joint venture company of UOL Group and United\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-properties-launched-for-en-bloc-sale\/","url_meta":{"origin":102684,"position":3},"title":"Two freehold properties launched for en bloc sale","date":"May 3, 2018","format":false,"excerpt":"\r Holland Tower in District 10 was put up for sale with a reserve price of $65 million. (Photo: SRI) More homeowners are trying their luck at collective sales, with two freehold developments launched at a combined price of $103 million. The Holland Tower condominium in District 10 was put\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-sold-en-bloc-for-906-7m\/","url_meta":{"origin":102684,"position":4},"title":"Amber Park sold en bloc for $906.7m","date":"October 4, 2017","format":false,"excerpt":"\r The owners are expected to receive between $4.3 million and $8.3 million from the successful sale. (Photo: JLL) The Amber Park condominium at Amber Gardens has been sold via collective sale on its fourth attempt to City Developments Limited (CDL) and joint venture partner Hong Realty for $906.7 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-st-thomas-ville-up-for-en-bloc-sale\/","url_meta":{"origin":102684,"position":5},"title":"Freehold condo St Thomas Ville up for en bloc sale","date":"August 7, 2018","format":false,"excerpt":"\r St Thomas Ville is located close to Orchard Road and the upcoming Great World MRT station. (Photo: JLL) St Thomas Ville, a 23-unit residential development in District 9, has been put up for sale, with the owners expecting bids in excess of $58 million, revealed marketing agent JLL. Located\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102684"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102684"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}