{"id":111271,"date":"2019-10-02T10:36:45","date_gmt":"2019-10-02T03:36:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cascadale-at-upper-changi-road-east-attempts-second-collective-sale\/"},"modified":"2019-10-02T11:05:24","modified_gmt":"2019-10-02T04:05:24","slug":"cascadale-at-upper-changi-road-east-attempts-second-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cascadale-at-upper-changi-road-east-attempts-second-collective-sale\/","title":{"rendered":"Cascadale at Upper Changi Road East attempts second collective sale"},"content":{"rendered":"


\nIt has an owners\u2019 reserve price of $270 million that works out to around $1,065 per square foot (psf) per plot ratio (ppr).
\nThe 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 the second time, revealed JLL.
\nIt has an owners\u2019 reserve price of $270 million that works out to around $1,065 per square foot (psf) per plot ratio (ppr), after considering an estimated development charge of around $15.5 million and before factoring in any bonus gross floor area.
\nThe property sits on a 167,528 sq ft site zoned residential under the 2014 Master Plan, with a 1.6 gross plot ratio (GPR). The site comes with a maximum allowable building height of 12 storeys or 45 m Above Mean Sea Level (AMSL), subject to the relevant authorities\u2019 approval.
\nCascadale is only minutes away from Changi City Point, the Singapore Expo, the Jewel, SUTD, Changi Business Park and Changi Airport. It is also 350 m away from Upper Changi MRT station.
\n\u201cMajor development plans are underway for Changi Airport and its surrounding locations,\u201d said Karamjit Singh, JLL senior consultant.
\n\u201cThe iconic Jewel at Changi Airport continues to receive significant global attention amongst locals and tourists, with much anticipation over the future mega Terminal 5, which is set to cater to the doubling of tourist arrivals in Singapore.\u201d
\nThe draft 2019 Master Plan contained plans to convert the Changi East area into an innovative economic and lifestyle cluster, focused on aviation-related industries and businesses.
\nLast month, the Land Transport Authority revealed major plans for the enhancement of connectivity in the area on all fronts.
\nPlans include realigning and expanding existing expressways and roads leading to Terminal 5 and the construction of a 3.5 km cycling path along the Tanah Merah Coast Road and Xilin Avenue.
\n\u201cFrom a private housing supply perspective, there is no new yet-to-be-launched condominium project in District 16 in the pipeline,\u201d added Singh.
\n\u201cWith the estimated 30,000 professionals working in Changi Business Park and as the plans for the Changi City take form, the demand and values for homes there are expected to rise by 10 percent to 20 percent over the next three to five years.\u201d
\nSubject to approval and payment of the development charges, the property may be redeveloped into a condominium project comprised of up to 292 units, each having an average area of 85 sq m (914 sq ft).
\nThe tender exercise for Cascadale ends on 6 November.
\nNeed help with your home buying\/selling\/renting process? Our\u00a0handy guides\u00a0will help.\u00a0Or find your dream home\u00a0on PropertyGuru.\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…Cascadale at Upper Changi Road East attempts second collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It has an owners\u2019 reserve price of $270 million that works out to around $1,065...<\/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-111271","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-sWH","jetpack-related-posts":[{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":111271,"position":0},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-minbu-villa-up-for-collective-sale-again\/","url_meta":{"origin":111271,"position":1},"title":"Freehold condo Minbu Villa up for collective sale again","date":"November 21, 2018","format":false,"excerpt":"\r Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore) Minbu Villa, a 10-storey residential development comprising 33 apartments and a penthouse in Novena, is trying its luck at a collective sale again after its earlier attempt in March closed without a winning bid. While\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/olina-lodge-verdun-house-launched-for-collective-sale\/","url_meta":{"origin":111271,"position":2},"title":"Olina Lodge, Verdun House launched for collective sale","date":"March 22, 2018","format":false,"excerpt":"\r Completed in 1990, the freehold Olina Lodge has a reserve price of $220 million. (Photo: SRI) The collective sales fever continues to heat up with the recent launch of two freehold developments \u2013 Olina Lodge and Verdun House, revealed marketing agent Singapore Realtors Inc (SRI). Located at 15 Holland\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":111271,"position":3},"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":93260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/horizon-towers-up-for-en-bloc-sale-for-1-1b\/","url_meta":{"origin":111271,"position":4},"title":"Horizon Towers up for en bloc sale for $1.1b","date":"July 6, 2018","format":false,"excerpt":"\r The reserve price works out to a land rate of $1,964 psf per plot ratio. (Photo: JLL) Horizon Towers, a 211-unit residential development at Leonie Hill in District 9, has been launched for collective sale with a reserve price of $1.1 billion. 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