{"id":106971,"date":"2019-05-09T16:51:55","date_gmt":"2019-05-09T09:51:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-francis-court-up-for-en-bloc-at-95m\/"},"modified":"2019-05-09T17:05:17","modified_gmt":"2019-05-09T10:05:17","slug":"st-francis-court-up-for-en-bloc-at-95m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-francis-court-up-for-en-bloc-at-95m\/","title":{"rendered":"St Francis Court Up For En Bloc At $95m"},"content":{"rendered":"


\nIn the event of a successful collective sale, the owners are expected to receive more than $1 million to $1.5 million in sales proceeds, depending on the size of their units.
\nSt Francis Court, an 11-storey residential development at 90 Saint Francis Road, has been put up for collective sale with the owners expecting offers of $95 million, revealed marketing agent ERA Realty.
\nFeaturing 71 apartment units, the 99-year leasehold property is nestled on a 34,111.12 sq ft site that has a gross plot ratio of 2.8 under the 2014 Master Plan.
\nIt is located near the Boon Keng MRT station and is about five to 10 minutes away to the city centre, Orchard Shopping Belt and central business district (CBD) via the Central Expressway (CTE).
\nERA noted that the site could be redeveloped into 100 to 110 units. The Land Transport Authority has also confirmed that it would not require a pre-application feasibility study for the proposed development, it added.
\n\u201cMore than 80 percent of the subsidiary proprietors of St. Francis Court by share value and by strata area have signed the collective sale agreement. The site has 72 years left on its lease,\u201d said ERA Realty division director Stanley Koo.
\nERA further revealed that no differential premium is payable for the site \u2013 subject to confirmation from URA\/SLA \u2013 while intensification and top up for a fresh 99 years lease is estimated at around $9 million to $10 million.
\nIn the event of a successful collective sale, the owners are expected to receive more than $1 million to $1.5 million in sales proceeds, depending on the size of their units.
\nThe tender for St Francis Court closes on 6 June.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…St Francis Court Up For En Bloc At m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the event of a successful collective sale, the owners are expected to receive more...<\/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-106971","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-rPl","jetpack-related-posts":[{"id":99994,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-francis-court-up-for-en-bloc-sale\/","url_meta":{"origin":106971,"position":0},"title":"St Francis Court up for en bloc sale","date":"October 17, 2018","format":false,"excerpt":"\r Homeowners at the 71-unit residential development are expecting offers above $95 million. (Photo: ERA Realty) St Francis Court, an 11-storey residential tower at 90 Saint Francis Road, is up for collective sale, with the owners expecting offers above $95 million, revealed marketing agent ERA Realty. While no differential premium\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/florence-regency-up-for-collective-sale\/","url_meta":{"origin":106971,"position":1},"title":"Florence Regency up for collective sale","date":"August 22, 2017","format":false,"excerpt":"\r Built in the late 1980s, Florence Regency comprises 336 units of apartments and maisonettes. It has a gross plot ratio of 2.8 and a site area of 389,236 sq ft. With 71 years left on its lease, the site could yield up to 1,300 apartment units. (Photo: JLL) Former\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-international-plaza-gives-green-light-for-en-bloc-attempt\/","url_meta":{"origin":106971,"position":2},"title":"Owners of International Plaza gives green light for en bloc attempt","date":"August 6, 2021","format":false,"excerpt":"\r Owners of International Plaza gives green light for en bloc attemptThis could potentially make\u00a0it the largest collective sale in the nation\u2019s history both in terms of units and value. Photo: Edmund Tie International Plaza, a 50-storey development within the Central Business District (CBD), will soon be put up for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/International-Plaza-photo-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chuan-park-up-for-collective-sale-for-938mil\/","url_meta":{"origin":106971,"position":3},"title":"Chuan Park up for collective sale for $938mil","date":"October 6, 2021","format":false,"excerpt":"\r Chuan Park is\u00a0a\u00a099-year leasehold project\u00a0located at 240 to 250 Lorong Chuan and\u00a0occupies a 400,588.72 sq ft site. Chuan Park, a 99-year leasehold residential project at 240 \u2013 250 Lorong Chuan, is up for collective sale by public tender carrying an indicative price of $938 million, revealed marketing agent ERA\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/Chuan-Park.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":78535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/horizon-towers-owners-in-no-hurry-for-a-collective-sale\/","url_meta":{"origin":106971,"position":4},"title":"Horizon Towers owners in no hurry for a collective sale","date":"January 31, 2018","format":false,"excerpt":"\r While the number of collective sale sites on the market continues to grow, Horizon Towers may have to wait a bit longer before it could join in the frenzy. 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