{"id":105137,"date":"2019-03-19T11:10:21","date_gmt":"2019-03-19T04:10:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-to-go-en-bloc-at-2-08b\/"},"modified":"2019-03-19T11:12:58","modified_gmt":"2019-03-19T04:12:58","slug":"braddell-view-to-go-en-bloc-at-2-08b","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-to-go-en-bloc-at-2-08b\/","title":{"rendered":"Braddell View to go en bloc at $2.08b"},"content":{"rendered":"


\nThe 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.
\nBraddell View estate, Singapore\u2019s largest private residential site, is set to be put up for en bloc sale on 27 March with a reserve price of $2.08 billion, revealed marketing agent Colliers International.
\nThe price works out to a land rate of $1,199 psf per plot ratio (psf ppr), inclusive of the differential and lease top-up premium of about $795.1 million.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\nThe former HUDC estate sits on a sprawling 1.142 million sq ft site and features 918 units of apartments, penthouses and maisonettes as well as two shops.
\nColliers noted that the redevelopment site comprises two separate land parcels \u2013 Lot 4487X, which measures about 618,221 sq ft and Lot 4490X at around 524,055 sq ft.
\n\u201cGiven that this is a sizable development, it is likely to see interest coming from a consortium of developers. We expect interested parties to conduct extensive due diligence on the site and we will do our best to gather as much information as we can to help prospective tenderers assess the merits of the plot, as well as minimise potential risks and lower the level of uncertainty,\u201d said Colliers International managing director Tang Wei Leng.
\n\u201cIn the coming weeks, we will be engaging the authorities to seek more clarity on traffic impact study, the feasibility of a phased redevelopment of the site, and even explore the possibly of selling the site as two separate plots,\u201d she noted.
\nWithin walking distance to MacRitchie Reservoir Park, Braddell View is near various amenities such as the healthcare hub in Novena, Mount Alvernia Hospital as well as schools including Raffles Institution, Raffles Junior College and Catholic High School.
\nIt enjoys easy access to the CTE and PIE and is served by three MRT stations \u2013 the Braddell, Marymount and Caldecott MRT stations. The upcoming North-South Corridor near the development is also expected to improve accessibility.
\nZoned residential under the 2014 Master Plan, the site has a gross plot ratio of 2.1 and will have a proposed total gross floor area of about 2,398,781 sq ft. Colliers expects the site to yield up to 2,620 new units averaging around 915 sq ft each, subject to relevant authorities\u2019 approval.
\nThe tender for Braddell View closes on 28 May.
\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…Braddell View to go en bloc at .08b<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price works out to a land rate of $1,199 psf per plot ratio, inclusive...<\/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-105137","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-rlL","jetpack-related-posts":[{"id":107587,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-failed-en-bloc-attempt-unsurprising-analysts\/","url_meta":{"origin":105137,"position":0},"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":103779,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majority-of-braddell-view-owners-approve-2-08-billion-price-for-en-bloc-sale\/","url_meta":{"origin":105137,"position":1},"title":"Majority of Braddell View owners approve $2.08 billion price for en bloc sale","date":"February 8, 2019","format":false,"excerpt":"\r If 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) The 918-unit Braddell View residential project in District 20 is poised to be launched for collective sale after it secured the approval of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109848,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-relaunched-at-the-same-price\/","url_meta":{"origin":105137,"position":2},"title":"Braddell View relaunched at the same price","date":"August 13, 2019","format":false,"excerpt":"\r Singapore\u2019s largest private residential site \u2013 Braddell View \u2013 has been relaunched for collective sale, with the price unchanged at $2.08 billion, revealed marketing agent Colliers International. The price works out to a land rate of around $1,159 per sq ft per plot ratio (psf ppr), after taking into\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jervois-green-sold-for-52-9mil-brookvale-park-up-for-en-bloc-sale\/","url_meta":{"origin":105137,"position":3},"title":"Jervois Green sold for $52.9mil, Brookvale Park up for en bloc sale","date":"December 7, 2017","format":false,"excerpt":"\r Singapore\u2019s collective sale market continued to heat up with the sale of\u00a0 Jervois Green and the launch of Brookvale Park. A four-storey freehold development at 100A Jervois Road, Jervois Green has been sold for $52.9 million to investors led by Mike Ho, third-generation owner of Spring Court, one of\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":105137,"position":4},"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":[]},{"id":69748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mayfair-gardens-up-for-en-bloc-sale-at-265m\/","url_meta":{"origin":105137,"position":5},"title":"Mayfair Gardens up for en bloc sale at $265m","date":"October 23, 2017","format":false,"excerpt":"\r The asking price works out to a land rate of around $1,058 psf per plot ratio. (Photo: Knight Frank) Mayfair Gardens off Dunearn Road has been launched for collective sale, with the owners expecting offers above the reserve price of $265 million, according to marketing agent Knight Frank. Built\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\/105137"}],"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=105137"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105137\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}