{"id":106502,"date":"2019-04-24T11:59:40","date_gmt":"2019-04-24T04:59:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/le-arc-apartment-up-for-collective-sale-again-at-18-5m\/"},"modified":"2019-04-24T12:09:34","modified_gmt":"2019-04-24T05:09:34","slug":"le-arc-apartment-up-for-collective-sale-again-at-18-5m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/le-arc-apartment-up-for-collective-sale-again-at-18-5m\/","title":{"rendered":"Le Arc Apartment up for collective sale again at $18.5m"},"content":{"rendered":"


\nThe minimum offer of $18.5 million is down from the previous expectation of about $20 million to $22 million.
\nAfter a failed attempt last year, Le Arc Apartment at 6 Lorong 26 Geylang is once again up for collective sale.
\nThis time the owners expect a minimum offer of $18.5 million, down from their previous expectation of about $20 million to $22 million.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\nThe price works out to about $847 psf per plot ratio (psf ppr) or $792 psf ppr including the seven percent bonus balcony area and the development charge of about $150,000, revealed marketing agent ERA Realty.
\nIn the event of a successful sale, each owner could receive sales proceeds of $1.6 million to $1.8 million.
\nThe 12-unit residential development is nestled on a 7,859.9 sq ft site zoned residential under the 2014 Master Plan with an allowable height of up to eight storeys and a gross plot ratio of 2.8.
\nLocated near the Aljunied and Dakota MRT stations, the freehold site is within 1km from Kong Hwa School and Geylang Methodist School (Primary). It is also close to Old Airport Road Food Centre and the Singapore Sports Hub.
\nERA noted that the property could be redeveloped into 22 to 25 new apartment units.
\nThe tender for Le Arc Apartment closes on 8 May.
\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…Le Arc Apartment up for collective sale again at .5m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The minimum offer of $18.5 million is down from the previous expectation of about $20...<\/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-106502","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-rHM","jetpack-related-posts":[{"id":98966,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/le-arc-apartment-up-for-collective-sale-at-20m\/","url_meta":{"origin":106502,"position":0},"title":"Le Arc Apartment up for collective sale at $20m","date":"October 2, 2018","format":false,"excerpt":"\r The asking price for the freehold property in Geylang works out to a land rate of about $915.59 psf ppr. (Photo: ERA Realty) Le Arc Apartment, a 12-unit residential development at 6, Lorong 26 Geylang has been put up for collective sale, with the owners expecting offers of between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crystal-tower-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":106502,"position":1},"title":"Crystal Tower relaunched for collective sale at lower price","date":"October 26, 2017","format":false,"excerpt":"\r Built in the 1970s, the 28-unit Crystal Tower is now going for $138 million. (Photo: Edmund Tie) Crystal Tower, a freehold residential site at Ewe Boon Road, has been put up for en bloc sale again at $138 million, marketing agent Edmund Tie & Co. said on Thursday (26\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parkway-mansion-sold-for-146-99mil-to-sustained-land-led-consortium\/","url_meta":{"origin":106502,"position":2},"title":"Parkway Mansion sold for $146.99mil to Sustained Land-led consortium","date":"December 14, 2017","format":false,"excerpt":"\r After two failed attempts at a collective sale, Parkway Mansion has finally been sold to a consortium led by Sustained Land Pte Ltd for $146.99 million. Colliers International revealed that the sale price was 6.5 percent higher than the owners\u2019 guide price of $138 million during the tender launched\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":106502,"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":93260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/horizon-towers-up-for-en-bloc-sale-for-1-1b\/","url_meta":{"origin":106502,"position":4},"title":"Horizon Towers up for en bloc sale for $1.1b","date":"July 6, 2018","format":false,"excerpt":"\r The reserve price works out to a land rate of $1,964 psf per plot ratio. (Photo: JLL) Horizon Towers, a 211-unit residential development at Leonie Hill in District 9, has been launched for collective sale with a reserve price of $1.1 billion. Including the lease top-up premium of about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/","url_meta":{"origin":106502,"position":5},"title":"Watten Estate Condominium up for en bloc sale for $536m","date":"July 30, 2019","format":false,"excerpt":"\r Located at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft.\u00a0After factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d\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\/106502"}],"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=106502"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106502\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}