{"id":110108,"date":"2019-08-22T13:09:36","date_gmt":"2019-08-22T06:09:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-aspirants-at-braddell-view-are-turning-to-hong-kong-or-mainland-developers\/"},"modified":"2019-08-22T14:04:03","modified_gmt":"2019-08-22T07:04:03","slug":"en-bloc-aspirants-at-braddell-view-are-turning-to-hong-kong-or-mainland-developers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-aspirants-at-braddell-view-are-turning-to-hong-kong-or-mainland-developers\/","title":{"rendered":"En Bloc Aspirants At Braddell View Are Turning To Hong Kong Or Mainland Developers"},"content":{"rendered":"


\nSellers at Braddell View, Singapore\u2019s largest residential site, are turning their attention to developers from Hong Kong or mainland China.
\nSpanning 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 (psf ppr) \u2013 but failed to receive any bids. It is now back in the market, carrying the same price.
\n\u201cIn marketing Braddell View in this tender relaunch, we will continue to engage a multitude of developers from different markets, including those in Singapore, China and Hong Kong,\u201d said Tang Wei Leng, managing director at Colliers International Singapore, which is handling the tender.
\n\u201cBraddell View is an exciting proposition for developers, offering a sizable canvas on which to create a signature residential development that will redefine urban living and meet the evolving needs of homebuyers.\u201d
\nShe noted that Chinese and Hong Kong developers, including CK Asset Holdings\u2019 Property Enterprises Development (Singapore), have launched residential projects in the city-state, including ones near the Braddell View site, reported South China Morning Post.
\nTang added that they will reach out to developers, including those from Hong Kong and China, in marketing the property. The tender for Braddell View closes on 25 September.
\nColliers revealed that the site could yield up to 2,620 new homes averaging 915 sq ft each.
\nAnd while it is still too early to know who will redevelop the sprawling residential site, it is expected that the future project will be popular amongst buyers from Hong Kong or mainlan China.
\nThis comes as data from URA showed that Hong Kong buyers accounted for the sixth-laegest foreign buyer group in Singapore last year. Mainland Chinese, on the other hand, are the largest group of foreign purchasers across all market segments, acquiring 1,058 private homes within the city-state from 2017 up to July this year.
\nThis is despite the government\u2019s effort to curb foreign property buying due to exuberant property prices.\u201cChinese and foreign (unspecified) nationals have been increasing their purchases of luxury properties quarter on quarter since the third quarter of 2018,\u201d said Alan Cheong, head of research and consultancy at Savills Singapore. \u201cAnd this is despite the higher additional buyer\u2019s stamp duty that they need to pay.\u201d
\nLooking to buy a Singapore home but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\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…En Bloc Aspirants At Braddell View Are Turning To Hong Kong Or Mainland Developers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sellers at Braddell View, Singapore\u2019s largest residential site, are turning their attention to developers from...<\/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-110108","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-sDW","jetpack-related-posts":[{"id":110076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sellers-of-singapores-largest-residential-site-above-a-lush-park-are-wooing-mainland-china-hong-kong-developers\/","url_meta":{"origin":110108,"position":0},"title":"Sellers of Singapore\u2019s largest residential site above a lush park are wooing mainland China, Hong Kong developers","date":"August 21, 2019","format":false,"excerpt":"\r A choice piece of property in Singapore \u2013 the city-state\u2019s largest residential site on a hilltop overlooking a lush park \u2013 is back on the market. Hong Kong or mainland developers could be its next owners, analysts say.The spot is called Braddell View, and it sits on 1.14 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107587,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-views-failed-en-bloc-attempt-unsurprising-analysts\/","url_meta":{"origin":110108,"position":1},"title":"Braddell View\u2019s failed en bloc attempt unsurprising, analysts","date":"May 30, 2019","format":false,"excerpt":"\r Analysts attributed the property\u2019s failure to attract bidders to its size and the cooling measures rolled out last July. Launched 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109848,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-relaunched-at-the-same-price\/","url_meta":{"origin":110108,"position":2},"title":"Braddell View relaunched at the same price","date":"August 13, 2019","format":false,"excerpt":"\r Singapore\u2019s largest private residential site \u2013 Braddell View \u2013 has been relaunched for collective sale, with the price unchanged at $2.08 billion, revealed marketing agent Colliers International. The price works out to a land rate of around $1,159 per sq ft per plot ratio (psf ppr), after taking into\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105137,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-to-go-en-bloc-at-2-08b\/","url_meta":{"origin":110108,"position":3},"title":"Braddell View to go en bloc at $2.08b","date":"March 19, 2019","format":false,"excerpt":"\r The price works out to a land rate of $1,199 psf per plot ratio, inclusive of the differential and lease top-up premium of about $795.1 million. Braddell View estate, Singapore\u2019s largest private residential site, is set to be put up for en bloc sale on 27 March with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-forms-en-bloc-sales-committee\/","url_meta":{"origin":110108,"position":4},"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":111073,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/braddell-view-estate-en-bloc-tender-relaunch-closes-without-bids\/","url_meta":{"origin":110108,"position":5},"title":"Braddell View estate en bloc tender relaunch closes without bids","date":"September 26, 2019","format":false,"excerpt":"\r Previously put up for sale on 27 March, the tender closed in May without any bids. It was again launched for sale on 13 August. The Tender for Braddell View estate closed without receiving any bid following its relaunch for collective sale at the same price of S$2.08 billion,\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\/110108"}],"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=110108"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110108\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}