{"id":105457,"date":"2019-03-27T11:32:26","date_gmt":"2019-03-27T04:32:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-success-may-rest-on-sites-creative-use\/"},"modified":"2019-03-27T12:03:34","modified_gmt":"2019-03-27T05:03:34","slug":"braddell-views-success-may-rest-on-sites-creative-use","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-success-may-rest-on-sites-creative-use\/","title":{"rendered":"Braddell View's success may rest on site\u2019s creative use"},"content":{"rendered":"


\nThe former HUDC estate which sits on a huge site was put up for en bloc sale recently with a reserve price of $2.08 billion. (Photo: Colliers International)
\nThe en bloc success of the 918-unit Braddell View development may hinge on the creative use of the huge site, reported the Business Times.
\nWith a land area of 106,121.1 sq m, the former HUDC estate was put up for en bloc sale on 27 March with a reserve price of $2.08 billion.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\n\u201cGiven that this is a sizeable development, it is likely to see interest coming from a consortium of developers,\u201d said Tang Wei Leng, managing director at marketing agent Colliers International. She also floated the possibility of selling the site as two separate plots.
\nHowever, there are other creative options for the site, which is zoned residential under the 2014 Master Plan with a gross plot ratio of 2.1.
\nThis comes as residential zoning allows for more options than landed homes and condos.
\n\u201cServiced apartments and student hostels may be allowed subject to evaluation by the competent authority,\u201d said URA.
\nRetirement housing is another option. In 2018, URA opened the private land developer market to the first \u201cprivate retirement housing product\u201d, with the Jalan Jurong Kechil site eventually launched by World Class Land as The Hillford.
\nThe project, however, was met with grouses as it had no age limits in place. This resulted in younger buyers flocking in to invest thanks to the project\u2019s 60-year lease that made units cheaper.
\nDevelopers can also take inspiration from group homes within HDB rental blocks, like the AWWA Senior Community Home in Ang Mo Kio.
\nReviving such senior living \u2013 albeit with certain safeguards for consumers, such as an age bar on residents, minimum unit sizes and commitments to maintain amenities could prove lucrative for private players.
\nURA noted that \u201cthe quantum of all ancillary or non-residential uses needed for support or management of a residential estate\u201d could be determined by the authorities based on the development\u2019s scale.
\nAnd while earlier retirement home efforts did not really work out, the concept\u2019s time may have finally arrived.
\nNotably, the share of elderly people in Singapore rose from 8.7 percent in 2008 to 13.7 percent in 2018.
\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’s success may rest on site\u2019s creative use<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The former HUDC estate which sits on a huge site was put up for en...<\/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-105457","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-rqV","jetpack-related-posts":[{"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":105457,"position":0},"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":105137,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-to-go-en-bloc-at-2-08b\/","url_meta":{"origin":105457,"position":1},"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":[]},{"id":111073,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-estate-en-bloc-tender-relaunch-closes-without-bids\/","url_meta":{"origin":105457,"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":105457,"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":66798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-owners-eyeing-2-billion-en-bloc-sale\/","url_meta":{"origin":105457,"position":4},"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":68248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-ex-hudc-estates-have-begun-en-bloc-process\/","url_meta":{"origin":105457,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105457"}],"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=105457"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105457\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}