{"id":109480,"date":"2019-07-30T12:10:39","date_gmt":"2019-07-30T05:10:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-apartment-site-at-waterloo-street-up-for-collective-sale\/"},"modified":"2019-07-30T13:02:48","modified_gmt":"2019-07-30T06:02:48","slug":"999-year-apartment-site-at-waterloo-street-up-for-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-apartment-site-at-waterloo-street-up-for-collective-sale\/","title":{"rendered":"999-year apartment site at Waterloo Street up for collective sale"},"content":{"rendered":"


\nMin Yuan at Waterloo Street has been put up for a collective sale of $145 million and could be redeveloped into a hotel building. It is near various landmarks such as Singapore Art Museum an National Museum of Singapore, and the National Design Centre.\u00a0
\nMin Yuan, a 27-unit residential development with commercial on the first storey, has been put up for collective sale carrying an asking price of $145 million, reported The Business Times.
\nThis works out to around $2,678 per sq ft per plot ratio (psf ppr), including the development charge of about $19.55 million.
\nWhile the 14,629 sq ft site is zoned \u201cresidential with commercial at first storey\u201d under the 2014 Master Plan, marketing agent CBRE noted that the 999-year leasehold site could be redeveloped into a hotel building with a plot ratio of 4.2 or a maximum permissible gross floor area of around 61,443 sq ft based on URA Outline Planning Permission advice.
\nThe development is served by four MRT stations \u2013 Bencoolen, Bugis, Bras Basah and City Hall.
\nIt is also near various Singapore landmarks such as Singapore Art Museum, National Museum of Singapore, National Design Centre, Stamford Arts Centre, School of the Arts, Singapore Management University and Nanyang Academy of Fine Arts.
\nGalven Tan, executive director of capital markets and residential services at CBRE, said the property presents buyers \u201ca timely opportunity\u201d to capitalise on the Draft Master Plan 2019 announcement by the government to further invigorate and anchor the Fort Canning, Bras Basah, Bugis and Civic District as a lifestyle and cultural destination.
\n\u201cUpon redevelopment, the future hotel development will enjoy a panoramic unblocked view of Singapore\u2019s CBD (central business district) skyline and Fort Canning Park,\u201d he said.
\nThe tender for Min Yuan closes on 3 September.
\nVictor Kang, Digital Content Specialist at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…999-year apartment site at Waterloo Street up for collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Min Yuan at Waterloo Street has been put up for a collective sale of $145...<\/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-109480","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-stO","jetpack-related-posts":[{"id":101290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fragrance-group-subsidiary-buys-waterloo-apartments-for-131-1m\/","url_meta":{"origin":109480,"position":0},"title":"Fragrance Group subsidiary buys Waterloo Apartments for $131.1m","date":"November 15, 2018","format":false,"excerpt":"\r Fragrance Group plans to develop the 14,369 sq ft site into a hotel. (Photo: Cushman & Wakefield) Waterloo Apartments, a 30-unit residential development at 64 Waterloo Street within the Bras Basah\/Bugis area, has been sold en bloc for $131.1 million to a fully-owned subsidiary of Fragrance Group, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110511,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dgrove-villas-up-for-collective-sale-again-with-lower-asking-price\/","url_meta":{"origin":109480,"position":1},"title":"D\u2019Grove Villas up for collective sale again with lower asking price","date":"September 5, 2019","format":false,"excerpt":"\r Subject to the relevant authorities\u2019 approval, the 45-unit development may be redeveloped into a 36-storey condominium with an allowable gross floor area of 141,120 sq ft inclusive of balconies. D\u2019Grove Villas, a freehold high-rise condominium in prime District 10, has once again been put up for en bloc sale,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-beaumont-up-for-en-bloc-sale-for-478mil\/","url_meta":{"origin":109480,"position":2},"title":"The Beaumont up for en bloc sale for $478mil","date":"December 10, 2021","format":false,"excerpt":"\r Located at 145 and 147 Devonshire Road, The Beaumont occupies a 74,739 sq ft site just minutes away from the Orchard Road shopping belt. Source: Savills The Beaumont, a cul-de-sac residential development opposite TripleOne Somerset within the Orchard Road residential area, has been launched for collective sale with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Savills-The-Beaumont.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"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":109480,"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":75569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kovan-apartments-up-for-collective-sale-for-33mil\/","url_meta":{"origin":109480,"position":4},"title":"Kovan Apartments up for collective sale for $33mil","date":"January 2, 2018","format":false,"excerpt":"\r Kovan Apartments, a four-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33 million, revealed marketing agent Savills Singapore. The asking price, however, excludes an estimated development charge of $2.57 million since the site is not fully\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hollandia-up-for-collective-sale\/","url_meta":{"origin":109480,"position":5},"title":"Hollandia up for collective sale","date":"January 17, 2018","format":false,"excerpt":"\r The collective sale of Hollandia has an indicative price of $163.15 million ($1,515 psf ppr). (Photo: Savills) The 48-unit Hollandia residential development located at the junction of Holland Road and Queensway in District 10 has been launched for collective sale, marketing agent Savills Singapore said on Wednesday (17 January).\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\/109480"}],"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=109480"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109480\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}