{"id":103222,"date":"2019-01-23T10:47:51","date_gmt":"2019-01-23T03:47:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/grange-heights-relaunched-at-the-same-price\/"},"modified":"2019-01-23T11:04:12","modified_gmt":"2019-01-23T04:04:12","slug":"grange-heights-relaunched-at-the-same-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/grange-heights-relaunched-at-the-same-price\/","title":{"rendered":"Grange Heights relaunched at the same price"},"content":{"rendered":"


\nThe freehold development is located near Orchard Road and Somerset MRT station. (Photo: Colliers International)
\nHomeowners at Grange Heights have decided to relaunch the collective sale tender for the freehold development along St. Thomas Walk despite the softer market.
\nThe reserve price remains unchanged from its second tender exercise in September at $820 million, revealed marketing agent Colliers International.
\nMore:\u00a0Forget About Billion-Dollar En Bloc Sales, Say Experts
\nThis translates to a land rate of $1,948 psf per plot ratio after taking into account the 10 percent bonus gross floor area. Given the site\u2019s high development baseline, no development charge is payable.
\n\u201cThe owners are well-aware of the shift in market sentiment since the new cooling measures kicked in last July,\u201d said Grange Heights\u2019 collective sale committee chairman Ho Siew Lan.
\n\u201cTherefore, we have agreed to keep the reserve price unchanged. We remain cautiously optimistic about the tender and draw confidence from Grange Heights\u2019 competitive and realistic pricing as well as its exclusive location and superior site attributes.\u201d
\nComprising 114 apartments and maisonettes as well as six penthouses, Grange Heights occupies a 136,676 sq ft site zoned residential under the 2014 Master Plan with a gross plot ratio of 2.8.
\nThe development is located near the Orchard Road shopping belt and Somerset MRT station on the North South Line.
\n\u201cCome 2021, the completion of the Great World MRT station \u2013 which is just 250m from the site \u2013 will offer enhanced connectivity to the northern and eastern parts of Singapore via the upcoming Thomson-East Coast Line,\u201d noted Colliers.
\nIt added that the site is not subject to an average unit size of 85 sq m since it is located within the Central Area.
\n\u201cThis means the developer will be able to create a signature residential project that comprises a complimentary mix of modern format as well as larger apartments to cater to a wider group of buyers. Subject to approval from the authorities, the site can be redeveloped to offer up to 508 apartments of varying sizes,\u201d it said.
\nThe tender for Grange Heights closes on 11 March.
\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…Grange Heights relaunched at the same price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The freehold development is located near Orchard Road and Somerset MRT station. (Photo: Colliers International)...<\/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-103222","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-qQS","jetpack-related-posts":[{"id":98050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-condos-in-district-9-up-for-en-bloc-sale-again\/","url_meta":{"origin":103222,"position":0},"title":"Two freehold condos in District 9 up for en bloc sale again","date":"September 18, 2018","format":false,"excerpt":"\r Located near Orchard Road, Grange Heights is making a second attempt at a collective sale. (Photo: Colliers International) Undeterred by the government\u2019s property cooling measures, two freehold condos in District 9 near the Orchard Road shopping district are making another try at an en bloc sale. Grange Heights along\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fernhill-court-up-for-sale-at-reserve-price-of-125m\/","url_meta":{"origin":103222,"position":1},"title":"Fernhill Court up for sale at reserve price of $125m","date":"May 16, 2018","format":false,"excerpt":"\r The reserve price works out to a land rate of $1,885 psf ppr, after factoring in a development charge of $3.7 million. (Photo: Colliers International) Fernhill Court, a prime freehold development located next to the Nassim Road, Dalvey Road and White House Park Good Class Bungalow (GCB) areas in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-towers-sold-en-bloc-for-401-9m\/","url_meta":{"origin":103222,"position":2},"title":"City Towers sold en bloc for $401.9m","date":"February 8, 2018","format":false,"excerpt":"\r The freehold development was sold to an undisclosed buyer for much higher than the owners\u2019 reserve price. (Photo: Colliers International) Singapore\u2019s collective sales fever shows no signs of abating with City Towers being the latest development to be successfully sold en bloc, reported the Business Times. Launched on 4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120521,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-development-up-for-collective-sale-for-27mil\/","url_meta":{"origin":103222,"position":3},"title":"Geylang development up for collective sale for $27mil","date":"July 14, 2021","format":false,"excerpt":"\r Located at 8 Lorong 35 Geylang, the eight-storey Baode Building is a residential development\u00a0that is going for $27 million. Source: Google Maps Baode Building, an eight-storey residential development at 8 Lorong 35 Geylang, has been put up for collective sale with an indicative price of $27 million, revealed Colliers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/BAODE-BUILDING.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":104413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pine-grove-tender-a-litmus-test-for-en-bloc-appetite\/","url_meta":{"origin":103222,"position":4},"title":"Pine Grove tender a litmus test for en bloc appetite","date":"February 26, 2019","format":false,"excerpt":"\r 2018 was a successful year for en bloc sale transactions until the government rolled out new property curbs in July. Pine Grove, a former HUDC project at Ulu Pandan Road, is up for collective sale carrying an asking price of $1.86 billion, reported the Business Times. Despite the cautious\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tulip-garden-collective-sale-successfully-completed\/","url_meta":{"origin":103222,"position":5},"title":"Tulip Garden collective sale successfully completed","date":"February 4, 2019","format":false,"excerpt":"\r The freehold development along Farrer Road was sold for a whopping $906.9 million in 2018. (Photo: Colliers International) The $906.9 million sale of Tulip Garden to Asia Radiant was successfully completed on 31 January 2019, revealed Colliers International. Asia Radiant is jointly held by property developers Yanlord Land Group\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\/103222"}],"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=103222"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103222\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}