{"id":103779,"date":"2019-02-08T11:25:27","date_gmt":"2019-02-08T04:25:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/majority-of-braddell-view-owners-approve-2-08-billion-price-for-en-bloc-sale\/"},"modified":"2019-02-08T12:03:47","modified_gmt":"2019-02-08T05:03:47","slug":"majority-of-braddell-view-owners-approve-2-08-billion-price-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majority-of-braddell-view-owners-approve-2-08-billion-price-for-en-bloc-sale\/","title":{"rendered":"Majority of Braddell View owners approve $2.08 billion price for en bloc sale"},"content":{"rendered":"


\nIf the sale goes through, it would become Singapore\u2019s most expensive en bloc deal, exceeding the $1.34 billion sale of Farrer Court in 2007. (Photo: HDB)
\nThe 918-unit Braddell View residential project in District 20 is poised to be launched for collective sale after it secured the approval of at least 80 percent of its owners, marketing agent Colliers International told the Business Times.
\nAt least 80 percent of the owners by share value and overall strata area must give their consent for the en bloc sale of developments older than 10 years and at least 90 percent for those below 10 years old.
\nMore:\u00a0Over 30 En Bloc Sites Fail To Secure Buyers
\nBraddell View has about 61 years left on its 102.5-year lease that commenced in 1978. Aside from being the largest of the 18 former HUDC estates in Singapore with a land area of 1.14 million sq ft, it is also the last to be privatised in March 2017.
\nAlthough the required number of signatures has been met, Colliers International\u2019s managing director Tang Wei Leng revealed that this is still being legally verified and there is a five-day cooling-off period.
\nOnce the legal verification is completed and the cooling-off period is over, the marketing agent shall make another announcement about the status of the signing process. It plans to make another announcement on the collective sale next week.
\nThe owners have set the reserve price at $2.08 billion, which translates to $1,214 psf per plot ratio. If the collective sale is successful, it would become Singapore\u2019s most expensive en bloc sale, exceeding the $1.34 billion sale of the 618-unit Farrer Court in 2007.
\nThe asking price includes $831 million for the lease top-up and differential premium. Under the 2014 masterplan, the Braddell View site has a plot ratio of 2.1.
\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…Majority of Braddell View owners approve .08 billion price for en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If the sale goes through, it would become Singapore\u2019s most expensive en bloc deal, exceeding...<\/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-103779","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-qZR","jetpack-related-posts":[{"id":66798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-owners-eyeing-2-billion-en-bloc-sale\/","url_meta":{"origin":103779,"position":0},"title":"Braddell View owners eyeing $2 billion en bloc sale","date":"September 19, 2017","format":false,"excerpt":"\r The 918-unit project is the last HUDC estate to be privatised. (Photo: HDB) The residents of the biggest HUDC estate here plan to hold an extraordinary general meeting on 10 October to form a collective sale committee in a bid to sell the entire property for a minimum price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-forms-en-bloc-sales-committee\/","url_meta":{"origin":103779,"position":1},"title":"Braddell View forms en bloc sales committee","date":"October 12, 2017","format":false,"excerpt":"\r Braddell View is a 99-year leasehold development apartment completed in 1981 and has a total of 438 units. Most residents of Braddell View voted to form a collective sales committee on Tuesday (10 October), with 493 people in favour, while 28 opposed it, reported the Straits Times. \u201cI think\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111073,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-estate-en-bloc-tender-relaunch-closes-without-bids\/","url_meta":{"origin":103779,"position":2},"title":"Braddell View estate en bloc tender relaunch closes without bids","date":"September 26, 2019","format":false,"excerpt":"\r Previously put up for sale on 27 March, the tender closed in May without any bids. It was again launched for sale on 13 August. The Tender for Braddell View estate closed without receiving any bid following its relaunch for collective sale at the same price of S$2.08 billion,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107587,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-failed-en-bloc-attempt-unsurprising-analysts\/","url_meta":{"origin":103779,"position":3},"title":"Braddell View\u2019s failed en bloc attempt unsurprising, analysts","date":"May 30, 2019","format":false,"excerpt":"\r Analysts attributed the property\u2019s failure to attract bidders to its size and the cooling measures rolled out last July. Launched for collective sale at a record price of $2.08 billion, Braddell View\u2019s failure to receive any bids at the close of its tender came as no surprise to market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-ex-hudc-estates-have-begun-en-bloc-process\/","url_meta":{"origin":103779,"position":4},"title":"7 ex-HUDC estates have begun en bloc process","date":"October 5, 2017","format":false,"excerpt":"\r An aerial view of Rio Casa, a 286-unit development at Hougang Avenue 7. Four former Housing and Urban Development Company (HUDC) estates have changed hands so far this year via en bloc sale \u2014 the highest in any year, reported Channel NewsAsia. These are Rio Casa, Eunosville, Serangoon Ville\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105137,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-to-go-en-bloc-at-2-08b\/","url_meta":{"origin":103779,"position":5},"title":"Braddell View to go en bloc at $2.08b","date":"March 19, 2019","format":false,"excerpt":"\r The price works out to a land rate of $1,199 psf per plot ratio, inclusive of the differential and lease top-up premium of about $795.1 million. Braddell View estate, Singapore\u2019s largest private residential site, is set to be put up for en bloc sale on 27 March with a\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\/103779"}],"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=103779"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103779\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}