{"id":108827,"date":"2019-07-09T11:49:33","date_gmt":"2019-07-09T04:49:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hoa-nam-building-up-for-en-bloc-sale-for-160-million\/"},"modified":"2019-07-09T12:03:49","modified_gmt":"2019-07-09T05:03:49","slug":"hoa-nam-building-up-for-en-bloc-sale-for-160-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hoa-nam-building-up-for-en-bloc-sale-for-160-million\/","title":{"rendered":"Hoa Nam Building up for en bloc sale for $160 million"},"content":{"rendered":"


\nFreehold mixed-development Hoa Nam Building at 27 Foch Road has been put up for en bloc sale, carrying an asking price of $160 million.This works out to $1,866 per sq ft (psf) based on the property\u2019s gross floor area (GFA) of 85,744 sq ft, said marketing agent Huttons Asia.
\nAccording to a Business Times report, the figure is\u00a04.0133 times the 21,365 sq ft site area \u2013 exceeding the site\u2019s plot ratio of 3.0 under the 2014 URA Master Plan.
\nThe 83-unit Hoa Nam Building currently features 36 residential apartments, 33 retail units and 14 office units.
\nThe site, which is zoned for commercial and residential use, could be redeveloped into a new commercial and residential project with the GFA similar to the existing development, revealed Huttons Asia\u2019s Stephen Tan, who is marketing the en bloc sale.
\nThe potential buyer could also keep the existing building and give it modifications and alterations works.
\nLocated within the Jalan Besar\/Lavender Street locale near Bendemeer MRT Station, Hoa Nam Building is also close to Farrer Park and Lavender MRT Stations.
\n\u201cThis property would be ideal for co-living and co-working space on the upper levels, with shops and eating outlets on the lower floors,\u201d said Tan.
\nMeanwhile, URA has stated that it could consider rezoning the site to full commercial use with a 3.0 plot ratio, subject to conditions. Tan noted that if a buyer takes this route, no additional buyer\u2019s stamp duty would be payable.
\nHe added that no development charge is payable for the city-fringe property due to its high development baseline.
\nThe tender for Hoa Nam Building closes on 20 August.
\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…Hoa Nam Building up for en bloc sale for 0 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Freehold mixed-development Hoa Nam Building at 27 Foch Road has been put up for en...<\/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-108827","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-sjh","jetpack-related-posts":[{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":108827,"position":0},"title":"Two small condo projects up for en bloc sale","date":"July 5, 2018","format":false,"excerpt":"\r The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo: Huttons Asia) Two small condo developments \u2013 Jansen Mansion and Blossom Mansions \u2013 have joined the collective sale bandwagon, carrying a price tag of $22 million and $32.8 million respectively, revealed marketing agent Huttons\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sale-fever-hits-lakeside-towers-jalan-besar-plaza\/","url_meta":{"origin":108827,"position":1},"title":"Collective sale fever hits Lakeside Towers, Jalan Besar Plaza","date":"April 27, 2018","format":false,"excerpt":"\r The owners of Jalan Besar Plaza are expecting $380 million if the sale goes through. This is the freehold development\u2019s fourth en bloc attempt. Lakeside Towers and Jalan Besar Plaza are the latest properties to be put up for en bloc sale, with the owners expecting $30.5 million and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-plaza-in-district-15-goes-en-bloc-with-188m-price-tag\/","url_meta":{"origin":108827,"position":2},"title":"Katong Plaza in District 15 goes en bloc with $188m price tag","date":"June 6, 2018","format":false,"excerpt":"\r The freehold development is located close to the future Marine Parade MRT station, various schools and East Coast Park. (Photo: Huttons Asia) Katong Plaza, a mixed commercial and residential development along Brooke Road in District 15, will be put up for collective sale on Thursday (7 June) with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-residential-sites-yielding-1880-homes-released-for-sale\/","url_meta":{"origin":108827,"position":3},"title":"3 residential sites yielding 1,880 homes released for sale","date":"June 1, 2018","format":false,"excerpt":"\r Aerial view of the sale site at Dairy Farm Road. (Photo: URA) Three residential sites that could yield a total of 1,880 housing units were released for sale by the Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) on Thursday (31 May) under the Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leonie-gardens-in-district-9-up-for-sale-at-800m\/","url_meta":{"origin":108827,"position":4},"title":"Leonie Gardens in District 9 up for sale at $800m","date":"May 28, 2018","format":false,"excerpt":"\r Leonie Gardens is located close to the Orchard and Somerset MRT stations, as well as the upcoming Great World station in River Valley Road. Leonie Gardens, a 138-unit condominium in prime District 9, was launched for collective sale on Saturday (26 May) with a reserve price of $800 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59606,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-to-go-en-bloc-again\/","url_meta":{"origin":108827,"position":5},"title":"Tampines Court to go en bloc again","date":"July 3, 2017","format":false,"excerpt":"\r \u00a0 For the third time, Tampines Court will once again hit the collective sales market on Tuesday carrying an indicative price of S$960 million, after 82 percent of its owners consented to the sale. The former Housing and Urban Development Company (HUDC) estate\u2019s first attempt at an en bloc\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\/108827"}],"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=108827"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108827\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}