{"id":107587,"date":"2019-05-30T10:42:59","date_gmt":"2019-05-30T03:42:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-failed-en-bloc-attempt-unsurprising-analysts\/"},"modified":"2019-05-30T11:07:59","modified_gmt":"2019-05-30T04:07:59","slug":"braddell-views-failed-en-bloc-attempt-unsurprising-analysts","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-failed-en-bloc-attempt-unsurprising-analysts\/","title":{"rendered":"Braddell View\u2019s failed en bloc attempt unsurprising, analysts"},"content":{"rendered":"


\nAnalysts attributed the property\u2019s failure to attract bidders to its size and the cooling measures rolled out last July.
\nLaunched 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 analysts, reported The Business Times.
\nThey attributed the property\u2019s failure to attract bidders to its size and the cooling measures rolled out last July.
\nWith an area of 1.14 million sq ft, the 918-unit Braddell View is the city-state\u2019s biggest private residential estate.
\nLee Nai Jia, head of research at Knight Frank, said developers are more discerning with their acquisitions now, given that most of them already have adequate landbank.
\n\u201cDevelopers are more wary about such a large site. It\u2019s a huge quantum, and they may want to use the funds for other opportunities in the market.\u201d
\nHe noted that Government Land Sales (GLS) sites, like the one on Tan Quee Lan Street, may appeal to developers.
\nAn Edmund Tie & Company report observed that the residential collective sale market has been muted since the government introduced cooling measures in July 2018. In fact, no sales were posted during the first quarter of the year.
\n\u201cThe only residential\/residential mixed-use sites sold in Q1 2019 were listed under the GLS Programme \u2013 Kampong Java Road and an integrated mixed-use site in Pasir Ris Central,\u201d said the report.
\nMeanwhile, Braddell View\u2019s marketing agent Colliers International revealed that it has been instructed by the collective sale committee to \u201center into a private treaty negotiation for the collective sale of the development, with a view to relaunching the tender if necessary\u201d.
\nPut up for en bloc sale on 27 March, Braddell View carried a reserve price of $2.08 billion, which works out to a land rate of $1,199 per sq ft per plot ratio, inclusive of the differential premium of about $795.1 million to intensify land use and top up the lease to a fresh 99 years.
\nThe site has a leasehold tenure of 102 years that started from 1 February 1978 and a gross plot ratio of 2.1.
\nVisit our\u00a0listings\u00a0page to find over 70,000 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
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Braddell View\u2019s failed en bloc attempt unsurprising, analysts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts attributed the property\u2019s failure to attract bidders to its size and the cooling measures...<\/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-107587","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-rZh","jetpack-related-posts":[{"id":68840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-forms-en-bloc-sales-committee\/","url_meta":{"origin":107587,"position":0},"title":"Braddell View forms en bloc sales committee","date":"October 12, 2017","format":false,"excerpt":"\r Braddell View is a 99-year leasehold development apartment completed in 1981 and has a total of 438 units. Most residents of Braddell View voted to form a collective sales committee on Tuesday (10 October), with 493 people in favour, while 28 opposed it, reported the Straits Times. \u201cI think\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105457,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-success-may-rest-on-sites-creative-use\/","url_meta":{"origin":107587,"position":1},"title":"Braddell View's success may rest on site\u2019s creative use","date":"March 27, 2019","format":false,"excerpt":"\r The 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) The en bloc success of the 918-unit Braddell View development may hinge on the creative use of the huge site, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-privatisation-closes-hudc-chapter\/","url_meta":{"origin":107587,"position":2},"title":"Braddell View privatisation closes HUDC chapter","date":"March 20, 2017","format":false,"excerpt":"\r Braddell View is the last HUDC estate to be privatised,\u00a0marking the closure of the privatisation programme for HUDC estates. Image source: HDB Braddell View, the last Housing Urban Development Company (HUDC) estate, was converted into a strata-titled estate under the Land Titles (Strata) Act last Friday (17 March), said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-march-2017\/","url_meta":{"origin":107587,"position":3},"title":"News Roundup (March 2017)","date":"March 24, 2017","format":false,"excerpt":"\r \u00a0 Our top Singapore property stories. Fitch: Looser property curbs won\u2019t stop price falls Housing prices in Singapore are likely to continue falling even as the government may gradually ease the property cooling measures, Fitch Ratings said recently. The ratings agency noted that Singapore\u2019s efforts to curb property speculation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/Location-map-of-Tampines-Avenue-10-site.jpg?fit=754%2C658&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-aspirants-at-braddell-view-are-turning-to-hong-kong-or-mainland-developers\/","url_meta":{"origin":107587,"position":4},"title":"En Bloc Aspirants At Braddell View Are Turning To Hong Kong Or Mainland Developers","date":"August 22, 2019","format":false,"excerpt":"\r Sellers at Braddell View, Singapore\u2019s largest residential site, are turning their attention to developers from Hong Kong or mainland China. Spanning 1.14 million sq ft, the development above MacRitchie Reservoir Park was put up for sale in March for $2.08 billion or 1,159 per sq ft per plot ratio\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":107587,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107587"}],"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=107587"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}