{"id":103907,"date":"2019-02-12T11:57:42","date_gmt":"2019-02-12T04:57:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/spanish-village-goes-en-bloc-for-the-third-time\/"},"modified":"2019-02-12T12:02:50","modified_gmt":"2019-02-12T05:02:50","slug":"spanish-village-goes-en-bloc-for-the-third-time","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spanish-village-goes-en-bloc-for-the-third-time\/","title":{"rendered":"Spanish Village goes en bloc for the third time"},"content":{"rendered":"


\nThe residential property has been relaunched for en bloc sale with the guide price unchanged at $882 million. (Photo: ET&Co)
\nSpanish Village, a 226-unit residential development along Farrer Road, has been relaunched for en bloc sale with the guide price unchanged at $882 million, said marketing agent Edmund Tie & Company (ET&Co).
\nIncluding a development charge of around $30 million, the price works out to a land rate of $1,721 psf per plot ratio (psf ppr).
\nMore:\u00a0Over 30 En Bloc Sites Fail To Secure Buyers
\n\u201cDespite the cooling measures introduced last year, the collective sale committee (CSC) had come to a decision to launch the tender the third time as it is the final chance that Spanish Village, being a choice site with many positive attributes, can have a shot at the market this round,\u201d explained ET&Co.
\nHowever, it revealed that the owners of the freehold development are \u201cin the process of signing a supplementary agreement to lower the reserve price\u201d to $828 million.
\nNestled on a sprawling 331,457 sq ft site, the development is located near the Singapore Botanic Gardens, Empress Road Market & Food Centre, Holland Village, Dempsey Hill and Chip Bee Gardens.
\nIt is also close to various educational institutions such as Nanyang Primary School, Nanyang Girls\u2019 High School, Raffles Girls\u2019 Primary School, Anglo-Chinese School (International), The Chinese High School, National Junior College and Hwa Chong Institution.
\nMoreover, the property is well-served by major roads and expressways like Holland Road, Farrer Road, Ayer Rajah Expressway and the Pan Island Expressway.
\nET&Co added that in-principle approval to redevelop the site into a 703-unit residential project was obtained from the Land Transport Authority in September.
\nThe tender for Spanish Village 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…Spanish Village goes en bloc for the third time<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The residential property has been relaunched for en bloc sale with the guide price unchanged...<\/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-103907","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-r1V","jetpack-related-posts":[{"id":121263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/siglap-shopping-centre-relaunched-for-en-bloc-sale-price-unchanged-at-120mil\/","url_meta":{"origin":103907,"position":0},"title":"Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120mil","date":"August 5, 2021","format":false,"excerpt":"\r Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120milThe site could be developed into a \u201cprominent\u00a0mixed-use development\u00a0that caters to the lifestyles of residents in the vicinity. Photo: OrangeTee Advisory Siglap Shopping Centre along East Coast Road has been relaunched for collective sale via public tender with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Siglap-Shopping-Centre-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spanish-village-in-second-en-bloc-sale-attempt-for-882m\/","url_meta":{"origin":103907,"position":1},"title":"Spanish Village in second en bloc sale attempt for $882m","date":"October 22, 2018","format":false,"excerpt":"\r Located along Farrer Road in District 10, the freehold condo is close to Dempsey Hill and Holland Village.(Photo: ET&Co) Despite failing to entice any buyers during its first en bloc attempt in June 2018, owners of Spanish Village have relaunched their property for collective sale at the same indicative\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spanish-village-in-district-10-up-for-sale-at-882m\/","url_meta":{"origin":103907,"position":2},"title":"Spanish Village in District 10 up for sale at $882m","date":"June 4, 2018","format":false,"excerpt":"\r The 331,457 sq ft site is located near Farrer Road MRT station, Holland Village and Dempsey Hill. (Photo: ET&Co) Spanish Village, a freehold residential project along Farrer Road in District 10, has been put up for collective sale at $882 million, revealed marketing agent Edmund Tie & Company (ET&Co).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/img.youtube.com\/vi\/eOnlX2DIfU8\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":105135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-relaunched-for-en-bloc-sale-at-lower-price\/","url_meta":{"origin":103907,"position":3},"title":"Casa Sophia relaunched for en bloc sale at lower price","date":"March 19, 2019","format":false,"excerpt":"\r Most of the owners agreed to a lower asking price of $30 million or $1,158 psf ppr, revealed marketing agent ERA. The 12-unit Casa Sophia has been relaunched for collective sale by private treaty, after most of the owners agreed to a lower asking price of $30 million or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":103907,"position":4},"title":"Gilstead Mansion relaunched for collective sale at lower price","date":"October 25, 2018","format":false,"excerpt":"\r The 24-unit residential development has been relaunched for collective sale at a guide price of $65 million. (Photo: Teakhwa Real Estate) In a bid to beat the clock before the new rules on unit sizes outside the central area kick in as well as the chill of property cooling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99044,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-again\/","url_meta":{"origin":103907,"position":5},"title":"Faber Garden up for en bloc sale again","date":"October 3, 2018","format":false,"excerpt":"\r Faber Garden in Upper Thomson has a reserve price of $1.18 billion. (Photo: CBRE) The owners of Faber Garden have relaunched the 236-unit development for en bloc sale, after its first attempt closed without a sale in May. They have kept the reserve price unchanged at $1.18 billion. More:\u00a0Developers\u2019\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\/103907"}],"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=103907"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103907\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}