{"id":107570,"date":"2019-05-29T11:52:15","date_gmt":"2019-05-29T04:52:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cascadale-up-for-collective-sale-for-270m\/"},"modified":"2019-05-29T12:06:15","modified_gmt":"2019-05-29T05:06:15","slug":"cascadale-up-for-collective-sale-for-270m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cascadale-up-for-collective-sale-for-270m\/","title":{"rendered":"Cascadale up for collective sale for $270m"},"content":{"rendered":"


\nThe location is also attractive for redevelopment into serviced residences.
\nCascadale, a 134-unit condominium development along Upper Changi Road East, has been put up for collective sale with a reserve price of $270 million, revealed marketing agent JLL.
\nThis works out to a land rate of $1,071 per sq ft per plot ratio, after taking into account a development charge of around $17 million and before including any bonus gross floor areas.
\nThe 25-year old development sits on a 167,528 sq ft site zoned residential under the 2014 Master Plan with a gross plot ratio of 1.6 and a building height limit of up to 12 storeys or 45 metres above mean sea level, subject to the relevant authorities\u2019 approval.
\nAround 350 metres away from the Upper Changi MRT station, the District 16 property is located near the Singapore University of Technology & Design, Changi Business Park, Changi City Point, Changi Airport and Singapore Expo.<\/p>\n

Cascadale may be redeveloped into a condominium project with up to 292 units averaging 85 sq m each, subject to approval and payment of development charges.
\nJLL noted that the location is also attractive for redevelopment into serviced residences, subject to approval of authorities.
\n\u201cExciting developments are in store for the areas surrounding Changi Airport. One is on the back of the iconic Jewel at Changi Airport, which received significant global attention when unveiled last month. The other is surrounding the upcoming mega Terminal 5, which is set to facilitate the doubling of tourist arrivals,\u201d said JLL senior consultant Karamjit Singh.
\n\u201cThe recently unveiled draft 2019 Master Plan also outlines plans to transform the entire Changi East area into an innovative lifestyle and economic cluster, centred around aviation-related businesses and industries.\u201d
\nIn view of these plans, Singh expects values and demand for homes within this area to increase by 10 percent to 20 percent in the next three to five years. Moreover, there is no new condominium project in the pipeline for District 16.
\nApart from a small site on Upper East Coast Road sold in 2017, no freehold residential site had been sold since 2010.
\n\u201cWhilst residential en bloc transactions have practically come to a halt since last July\u2019s cooling measures, we believe Cascadale stands a reasonably good chance of securing a buyer owing to all these unique factors and its reasonable reserve price of $270 million,\u201d said Singh.
\nThe tender for Cascadale closes on 10 July.
\nRead our handy buying\u00a0and renting guides, or see our listings for other properties for sale in Singapore.\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Cascadale up for collective sale for 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The location is also attractive for redevelopment into serviced residences. Cascadale, a 134-unit condominium development...<\/p>\n","protected":false},"author":1,"featured_media":107571,"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-107570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/05\/cascadale.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rZ0","jetpack-related-posts":[{"id":111271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cascadale-at-upper-changi-road-east-attempts-second-collective-sale\/","url_meta":{"origin":107570,"position":0},"title":"Cascadale at Upper Changi Road East attempts second collective sale","date":"October 2, 2019","format":false,"excerpt":"\r It has an owners\u2019 reserve price of $270 million that works out to around $1,065 per square foot (psf) per plot ratio (ppr). The 134-unit freehold residential development Cascadale, located near the Singapore Expo and the Singapore University of Technology & Design (SUTD), is attempting a collective sale for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/changi-garden-put-up-for-collective-sale-at-196-million\/","url_meta":{"origin":107570,"position":1},"title":"Changi Garden put up for collective sale at $196 million","date":"September 7, 2017","format":false,"excerpt":"\r The homeowners are expecting between $1.69 million and $3.74 million from the sale. (Photo: Edmund Tie) Changi Garden, a freehold redevelopment site at Upper Changi Road North, will be launched for collective sale on Friday (8 September) with an asking price of $196 million, or $700 psf per plot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95087,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-fragrant-gardens-up-for-collective-sale\/","url_meta":{"origin":107570,"position":2},"title":"Freehold condo Fragrant Gardens up for collective sale","date":"July 31, 2018","format":false,"excerpt":"\r The low-rise condominium located off Paya Lebar Road has a reserve price of $65 million. (Photo: Knight Frank) Fragrant Gardens, a low-rise residential development located off Upper Paya Lebar Road has been put up for en bloc sale with a reserve price of $65 million, revealed marketing agent Knight\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80679,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-sites-launched-for-sale-including-fairhaven-and-pomex-court\/","url_meta":{"origin":107570,"position":3},"title":"3 sites launched for sale, including Fairhaven and Pomex Court","date":"February 22, 2018","format":false,"excerpt":"\r The owners of Fairhaven (pictured) are expecting bids in excess of $45 million. (Photo: JLL) Three private residential sites have been put up for sale by different marketing agents for a total of more than $181 million. On Wednesday (21 February), a rare 9,999-year leasehold housing site in 1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-sold-en-bloc-for-906-7m\/","url_meta":{"origin":107570,"position":4},"title":"Amber Park sold en bloc for $906.7m","date":"October 4, 2017","format":false,"excerpt":"\r The owners are expected to receive between $4.3 million and $8.3 million from the successful sale. (Photo: JLL) The Amber Park condominium at Amber Gardens has been sold via collective sale on its fourth attempt to City Developments Limited (CDL) and joint venture partner Hong Realty for $906.7 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-condominiums-attempt-en-bloc-sale\/","url_meta":{"origin":107570,"position":5},"title":"More condominiums attempt en bloc sale","date":"May 9, 2018","format":false,"excerpt":"\r Elias Green in Pasir Ris is expected to be launched for collective sale at a reserve price of $780 million. The 419-unit Elias Green condo in Pasir Ris is expected to be launched for collective sale by marketing agent PropNex Realty at a reserve price of $780 million, with\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\/107570"}],"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=107570"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/107571"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}