{"id":103030,"date":"2019-01-17T09:36:40","date_gmt":"2019-01-17T02:36:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-lodge-up-for-en-bloc-sale-at-44m\/"},"modified":"2019-01-17T10:06:19","modified_gmt":"2019-01-17T03:06:19","slug":"newton-lodge-up-for-en-bloc-sale-at-44m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-lodge-up-for-en-bloc-sale-at-44m\/","title":{"rendered":"Newton Lodge up for en bloc sale at $44m"},"content":{"rendered":"


\nNewton Lodge is located close to Novena MRT station and the future healthcare hub.
\nNewton Lodge, a 16-unit residential development at Newton Road, has been launched for collective sale with the owners expecting a minimum offer of $44 million, revealed marketing agent JLL.
\nThis works out to a land rate of $1,468 psf per plot ratio (psf ppr), or $1,359 psf ppr after taking into account the eight percent bonus gross floor area for balconies and communal areas. No development charge is payable for the development.
\nMore:\u00a0Over 30 En Bloc Sites Fail To Secure Buyers
\nNewton Lodge is about 400m away from the Novena commercial cluster and Novena MRT station. JLL noted that major developments have been underway within the Novena area as the government aims to transform it into the largest healthcare hub in Singapore by 2030.
\nWith an area of 21,409 sq ft, the freehold site is zoned residential with an allowable gross plot ratio of 1.4 under the 2014 Master Plan. It could be redeveloped into a low-rise apartment project with 27 units averaging 100 sq m each, a serviced residence, or a custom-built co-living development.
\nShould it be approved for serviced apartments, the development could potentially house about 50 to 60 units.
\n\u201cThe concept of sharing private and HDB apartments with unrelated tenants is common in Singapore, which is informally a form of co-living. However, professionally-run and organized co-living concepts to the levels of the co-working phenomenon is still in its infancy stage in Singapore, and is expected to grow especially with high stamp duties payable for home purchases by foreigners in Singapore,\u201d said Karamjit Singh, senior consultant at JLL.
\n\u201cPurchasers who wish to develop an entire building for co-living spaces or short-term accommodation should find Newton Lodge\u2019s central location, project size and price quantum attractive. Not only would a boutique-sized project be more manageable, a smaller community of like-minded residents may also result in more meaningful social engagements.\u201d
\nThe tender for Newton Lodge will close on 26 February.
\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…Newton Lodge up for en bloc sale at m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Newton Lodge is located close to Novena MRT station and the future healthcare hub. Newton...<\/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-103030","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-qNM","jetpack-related-posts":[{"id":107565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-lodge-makes-second-en-bloc-sale-attempt\/","url_meta":{"origin":103030,"position":0},"title":"Newton Lodge makes second en bloc sale attempt","date":"May 29, 2019","format":false,"excerpt":"\r The vendors are expecting a minimum of $44 million from the en bloc sale.\u00a0 After a failed attempt in January, the owners of Newton Lodge are once again trying their luck at a collective sale, with the asking price unchanged. Marketing agent JLL revealed that the vendors are expecting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/05\/newton-lodge-2.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":103030,"position":1},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-in-district-11-up-for-sale-for-at-least-68m\/","url_meta":{"origin":103030,"position":2},"title":"Gilstead Mansion in District 11 up for sale for at least $68m","date":"May 31, 2018","format":false,"excerpt":"\r The freehold project sits on a 35,751 sq ft site and is close to the Newton, Novena and Little India MRT stations. (Photo: Teakhwa Real Estate) Gilstead Mansion, a 24-unit freehold condominium in District 11, has been launched for collective sale via public tender, with the owners hoping to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-projects-seek-to-revive-en-bloc-attempt-at-lower-prices\/","url_meta":{"origin":103030,"position":3},"title":"Two projects seek to revive en bloc attempt at lower prices","date":"January 30, 2019","format":false,"excerpt":"\r Gilstead Court, a residential development at the Novena-Newton area in District 11, has been relaunched for collective sale via tender at a potentially lower reserve price, revealed marketing agent JLL on Tuesday (29 Jan). The project\u2019s Collective Sale Committee (CSC) has proposed slashing the reserve price to $153 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99042,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/newton-freehold-duplex-up-for-grabs-at-41m\/","url_meta":{"origin":103030,"position":4},"title":"Newton freehold duplex up for grabs at $41m","date":"October 3, 2018","format":false,"excerpt":"\r The asking price for the residential project in Newton works out to $1,657 psf. (Photo: ET&Co) Three Buckley, a freehold residential development in Newton, was put up for sale on Tuesday (2 Oct) via expression of interest (EOI) by sole marketing agent Edmund Tie & Company (ET&Co) with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-condos-up-for-en-bloc-sale\/","url_meta":{"origin":103030,"position":5},"title":"Four condos up for en bloc sale","date":"November 16, 2017","format":false,"excerpt":"\r Derby Court is a freehold condominium development located at 5, Derbyshire Road in District 11 near Novena MRT station. (Photo: JLL) Four residential developments, including the iconic Pearlbank Apartments in Outram, have been put up in separate tenders for en bloc sale. The others are Parkway Mansion in Katong,\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\/103030"}],"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=103030"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103030\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}