{"id":105897,"date":"2019-04-09T10:50:10","date_gmt":"2019-04-09T03:50:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-goes-en-bloc-again-at-1-48-billion\/"},"modified":"2019-04-09T11:03:52","modified_gmt":"2019-04-09T04:03:52","slug":"laguna-park-goes-en-bloc-again-at-1-48-billion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-goes-en-bloc-again-at-1-48-billion\/","title":{"rendered":"Laguna Park goes en bloc again at $1.48 billion"},"content":{"rendered":"


\nDespite three failed attempts, Laguna Park near East Coast Park is once again attempting an en bloc sale. (Photo: Knight Frank)
\nAfter three failed attempts, Laguna Park has once again been launched for en bloc sale, carrying a reserve price of $1.48 billion.
\nIncluding a differential premium of about $407.4 million and a lease top-up premium of around $420.7 million (subject to authorities\u2019 approval), the price translates to a land rate of about $1,231 psf per plot ratio, revealed marketing agent Knight Frank.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\nThe 99-year leasehold development comprises seven blocks of 516 housing units and 12 commercial units. It sits on a 669,485 sq ft site zoned residential under the 2014 Master Plan with a gross plot ratio of 2.8.
\nOnce redeveloped, the site is expected to yield 1,741 new housing units, averaging 100 sq m each.
\nWith the upcoming Siglap MRT station right at its doorstep, the development is a mere 15-minutes\u2019 drive to the central business district and Changi Airport. It is also close to East Coast Park, which is easily accessible via an underpass.
\n\u201cWith Laguna Park over 40 years old, maintenance cost is expected to go up. Owners are open to achieve a sale by moderating their price expectations,\u201d said Ian Loh, head of investment and capital markets at Knight Frank Singapore.
\n\u201cLaguna Park is a special site and possibly the only en bloc site launched for collective sale which offers both panoramic sea views and the convenience of an MRT station entrance at its doorstep.\u201d
\nThe tender for Laguna Park closes on 8 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…Laguna Park goes en bloc again at .48 billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite three failed attempts, Laguna Park near East Coast Park is once again attempting an...<\/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-105897","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-ry1","jetpack-related-posts":[{"id":98054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-makes-third-try-at-collective-sale-with-1-48b-reserve-price\/","url_meta":{"origin":105897,"position":0},"title":"Laguna Park makes third try at collective sale with $1.48b reserve price","date":"September 18, 2018","format":false,"excerpt":"\r The 99-year leasehold condo at Marine Parade Road is near the upcoming Siglap MRT station. (Photo: Knight Frank) After two en bloc sale attempts in 2007 and 2010, owners of former HUDC estate Laguna Park are making another bid at a collective sale, reported Channel NewsAsia. Carrying a reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rio-casa-sold-en-bloc-for-s575mil\/","url_meta":{"origin":105897,"position":1},"title":"Rio Casa sold en-bloc for S$575mil","date":"May 26, 2017","format":false,"excerpt":"\r \u00a0 Rio Casa, a 286-unit development at Hougang Avenue 7 has been sold collectively for S$575 million to Oxley-Lian Beng Venture Pte Ltd, revealed marketing agent Knight Frank. Coupled with an additional differential premium of around S$208 million to top up the lease to a fresh 99 years and\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":105897,"position":2},"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":[]},{"id":76810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dunearn-gardens-up-for-en-bloc-sale\/","url_meta":{"origin":105897,"position":3},"title":"Dunearn Gardens up for en bloc sale","date":"January 16, 2018","format":false,"excerpt":"\r The freehold site is located close to Newton MRT station. (Photo: Knight Frank) Dunearn Gardens, a freehold high-rise residential redevelopment site off Newton Road, has been put up for en bloc sale, with the owners expecting offers above their reserve price of $488.8 million, revealed marketing agent Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kemaman-point-up-for-en-bloc-sale-with-143-8m-reserve-price\/","url_meta":{"origin":105897,"position":4},"title":"Kemaman Point up for en bloc sale with $143.8m reserve price","date":"May 8, 2018","format":false,"excerpt":"\r Completed in 1993, the 89-unit Kemaman Point is located close to Novena MRT station. (Photo: Knight Frank) Kemaman Point, a freehold condominium off Balestier Road in District 12, was launched for collective sale on Monday (7 May) with a reserve price of $143.8 million, said marketing agent Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95241,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/windy-heights-condo-up-for-en-bloc-sale-again\/","url_meta":{"origin":105897,"position":5},"title":"Windy Heights condo up for en bloc sale again","date":"August 2, 2018","format":false,"excerpt":"\r The condo owners are going through a re-signing process to revise the reserve price to a lower amount. (Photo: Knight Frank) Despite a failed bid earlier in the year and the introduction by the government of new property cooling measures, owners at Windy Heights in Kembangan remain undeterred as\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\/105897"}],"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=105897"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}