{"id":104449,"date":"2019-02-27T11:56:48","date_gmt":"2019-02-27T04:56:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kentish-green-and-st-thomas-ville-go-en-bloc-again\/"},"modified":"2019-02-27T12:03:07","modified_gmt":"2019-02-27T05:03:07","slug":"kentish-green-and-st-thomas-ville-go-en-bloc-again","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kentish-green-and-st-thomas-ville-go-en-bloc-again\/","title":{"rendered":"Kentish Green and St Thomas Ville go en bloc again"},"content":{"rendered":"


\n The owners of St Thomas Ville are expecting at least $58 million for the 23-unit freehold project at 38 St Thomas Walk. (Photo: JLL)
\nTwo more condominiums \u2013 Kentish Green and St Thomas Ville \u2013 are once again trying their luck at a collective sale, after failing in their earlier attempt.
\nKentish Green at 20 Oxford Road has a reserve price of $200 million, down from its previous asking price of $230 million, reported the Business Times.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\nSituated on a 59,165 sq ft site, the 122-unit development has 76 years left on its lease. As such, its buyer will have to pay a $20 million premium to top up the lease to a fresh 99 years, subject to further assessment and an increase in plot ratio.
\nThe Urban Redevelopment Authority had told the development\u2019s collective sale committee that it had potential permissions to raise development parameters.
\nThis includes an increase in height from six to potentially 28 storeys, an increase in plot ratio from 2.8 to 3.0, and the addition of a commercial component at 0.3 percent of the gross floor area.
\nThe site is located close to Farrer Park MRT Station, adjacent to an empty plot where the Russian Cultural Centre is set to be built.
\nIn the event of a successful sale, each owner could receive $1.5 million to $1.8 million based on its $200 million price.
\nMeanwhile, the owners of St Thomas Ville are expecting at least $58 million for the 23-unit freehold project at 38 St Thomas Walk.
\nThis works out to $1,816 psf per plot ratio, before taking into account any bonus balcony space.
\nThe development was put up for tender in August 2018 but was cancelled due to delays faced in verification of technical details.
\nIt occupies a 11,407 sq ft site zoned residential under the 2014 Master Plan with a gross plot ratio of 2.8 and an allowable height of up to 36 storeys. The Land Transport Authority said no pre-application feasibility study is needed for the site. The rule on minimum average size of 85 sq m is also not applicable as it is within the central area.
\nLocated close to the Orchard Road shopping district and Great World City, St Thomas Ville is close to various schools such as Chatsworth International School and River Valley Primary School.
\nThe tender for St Thomas Ville closes on 27 March, while that for Kentish Green is on 28 March.
\nGet more details on the property market outlook for 2019 here
\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…Kentish Green and St Thomas Ville go en bloc again<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners of St Thomas Ville are expecting at least $58 million for the 23-unit...<\/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-104449","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-raF","jetpack-related-posts":[{"id":94219,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kentish-green-up-for-en-bloc-sale-for-230mil\/","url_meta":{"origin":104449,"position":0},"title":"Kentish Green up for en bloc sale for $230mil","date":"July 19, 2018","format":false,"excerpt":"\r (Source: GoogleMaps) Kentish Green, a 122-unit condominium in Oxford Road, has been put up for collective sale with a reserve price of $230 million, reported The Straits Times. Given the price, the owners stand to gain $1.736 million to $2.086 million from the successful sale of the development. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pine-tree-condominium-goes-en-bloc-with-148mil-tag\/","url_meta":{"origin":104449,"position":1},"title":"Pine Tree condominium goes en bloc with $148mil tag","date":"July 20, 2018","format":false,"excerpt":"\r (Image source: SLP) Pine Tree Condominium located at the peak of Balmoral Park has joined the en bloc fray carrying a reserve price of $148 million, revealed SLP Scotia. The 50-unit development is nestled on a 3,842.50 sq m (41,276.14 sq ft) site, which is zoned residential under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/raintree-gardens-may-be-up-for-collective-sale\/","url_meta":{"origin":104449,"position":2},"title":"Raintree Gardens may be up for collective sale","date":"August 25, 2016","format":false,"excerpt":"\r The collective sale attempt of Raintree Gardens follows the $638 million sale of Shunfu Ville (pictured) in May. Owners of a privatised former HUDC estate have secured the minimum consent level to put the 175-unit property up for en bloc sale, reported The Straits Times. With just over 70\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":104449,"position":3},"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":[]},{"id":61956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-ville-sold-en-bloc-each-owner-to-get-about-2m\/","url_meta":{"origin":104449,"position":4},"title":"Serangoon Ville sold en bloc, each owner to get about $2m","date":"July 27, 2017","format":false,"excerpt":"\r The former HUDC estate was purchased for $499 million by a consortium led by Oxley Holdings. The former HUDC estate Serangoon Ville has been sold in a collective sale to an Oxley Holdings-led consortium for $499 million, following the close of the tender exercise on 25 July. Each owner\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29745,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shunfu-ville-sale-dispute-could-drag-on-prove-costly-for-owners\/","url_meta":{"origin":104449,"position":5},"title":"Shunfu Ville sale dispute could drag on, prove costly for owners","date":"October 13, 2016","format":false,"excerpt":"\r The ongoing dispute over the collective sale could drag on for months and cost the owners up to $400,000 in legal fees. (Photo: JLL) The sale of Shunfu Ville, the largest en bloc deal since 2007, has hit a brick wall. This week, several newspapers reported that five households\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\/104449"}],"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=104449"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104449\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}