{"id":112150,"date":"2019-11-05T14:18:27","date_gmt":"2019-11-05T07:18:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-riverside-piazza-up-for-sale-for-s198m\/"},"modified":"2019-11-05T15:17:03","modified_gmt":"2019-11-05T08:17:03","slug":"the-riverside-piazza-up-for-sale-for-s198m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-riverside-piazza-up-for-sale-for-s198m\/","title":{"rendered":"The Riverside Piazza up for sale for S$198m"},"content":{"rendered":"<p>&#013;<br \/>\nThe property occupies an area measuring 2,940.4 sq m (31,650 sq ft), and sits on a site zoned Commercial and Residential under the 2014 Master Plan. Photo: Colliers International\u00a0<br \/>\nThe Riverside Piazza at 11 Keng Cheow Street has been put up for collective sale by Colliers International, for a reserve price of S$198 million.<br \/>\nThe price works out to S$2,606 per square foot per plot ratio (psf ppr), which is inclusive of the estimated differential premium to convert to hotel use at the current balance land tenure of around 72 years.<br \/>\nThis property occupies an area measuring 2,940.4 sq m (31,650 sq ft) with a 2.8 plot ratio and has a 8,260 sq m (88,910 sq ft) gross floor area. It also sits on a site zoned Commercial and Residential under the 2014 Master Plan.<\/p>\n<p><div class=\"googlemaps\">\n\t\t\t\t<iframe loading=\"lazy\" width=\"600\" height=\"500\" frameborder=\"0\" scrolling=\"no\" marginheight=\"0\" marginwidth=\"0\"  src=\"https:\/\/maps.google.com\/maps?q=riverside%20piazza&#038;t=&#038;z=13&#038;ie=UTF8&#038;iwloc=&#038;output=embed\"><\/iframe>\n\t\t\t<\/div><br \/>\nAfter the submission of an online application, the Urban Redevelopment Authority (URA) indicated that it will support alternative development options for the sale, which includes hotel development.<br \/>\nRiverside Piazza comprises 24 commercial shops and 40 apartments, with sizes ranging anywhere from 58 sq m to 333 sq m (624 sq ft to 3,584 sq ft). Each owner could potentially receive S$2.23 million to S$9.47 million from the sale, depending on their property\u2019s size.<br \/>\nThe building is near the Fort Canning MRT station on the Downtown Line (DTL), Clarke Quay MRT station on the North East Line (NEL) and the Chinatown MRT interchange station connecting the DTL and NEL. It is also accessible to the CBD and other areas of Singapore via the Central Expressway and other major roads.<br \/>\nThe development is also a nine-minute ride away from Orchard Road Shopping Belt and is near the heritage district of Chinatown and the Clarke Quay entertainment area.<br \/>\n\u201cPrime development sites do not come up very often, especially near the Singapore River which has played an important role as a lifeline for generations of people in the country\u2019s storied past,\u201d said Tang Wei Leng, Colliers International managing director.<br \/>\n\u201cThis site presents a unique opportunity to create a contemporary riverfront hotel in an area thriving with activity, buzzing nightlife, and rich history. We believe the excellent site attributes should appeal to developers who are looking to tap growing opportunities in the hospitality real estate sector.\u201d<br \/>\nThe Riverside Piazza\u2019s collective sale tender closes on 19 December.<br \/>\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.<br \/>\n\u00a0<br \/>\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg&#013;<br \/>\n&#013;<br \/>\nSource : proppertyguru.com.sg\/Property Market&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.propertyguru.com.sg\/property-management-news\/2019\/11\/184145\/the-riverside-piazza-up-for-sale-for-s198m\" target=\"_blank\">The Riverside Piazza up for sale for S8m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; The property occupies an area measuring 2,940.4 sq m (31,650 sq ft), and sits on&#46;&#46;&#46;<\/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-112150","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-taS","jetpack-related-posts":[{"id":123179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-up-for-collective-sale-for-85mil\/","url_meta":{"origin":112150,"position":0},"title":"Sixth Avenue Centre up for collective sale for $85mil","date":"November 12, 2021","format":false,"excerpt":"\r Located at 805 Bukit Timah Road, Sixth Avenue Centre sits on a 15,009 sq ft land plot. Source: Google Maps Sixth Avenue Centre, a 40-year-old mixed-development at 805 Bukit Timah Road, has been put up for collective sale carrying a reserve price of $85 million, revealed exclusive marketing agent\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/sixth-avenue-centre.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/baode-building-up-again-for-collective-sale-price-unchanged-at-27mil\/","url_meta":{"origin":112150,"position":1},"title":"Baode Building up again for collective sale, price unchanged at $27mil","date":"December 15, 2021","format":false,"excerpt":"\r Located at 8 Lorong 35 Geylang, Baode Building sits on an 11,102 sq ft site near Paya Lebar MRT station and a cluster of malls including PLQ Mall, Paya Lebar Square and Singpost Centre. Source: Google Maps Baode Building at 8 Lorong 35 Geylang is up again for collective\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/BAODE-BUILDING.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120521,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-development-up-for-collective-sale-for-27mil\/","url_meta":{"origin":112150,"position":2},"title":"Geylang development up for collective sale for $27mil","date":"July 14, 2021","format":false,"excerpt":"\r Located at 8 Lorong 35 Geylang, the eight-storey Baode Building is a residential development\u00a0that is going for $27 million. Source: Google Maps Baode Building, an eight-storey residential development at 8 Lorong 35 Geylang, has been put up for collective sale with an indicative price of $27 million, revealed Colliers\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/BAODE-BUILDING.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":86623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sale-fever-hits-lakeside-towers-jalan-besar-plaza\/","url_meta":{"origin":112150,"position":3},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/","url_meta":{"origin":112150,"position":4},"title":"The Estoril, Tulip Garden up for collective sale","date":"February 27, 2018","format":false,"excerpt":"\r Aerial view of Tulip Garden. (Photo: Colliers International) Two residential developments in prime district 10 \u2013 The Estoril and Tulip Garden \u2013 recently joined the en bloc sale bandwagon. Located at 95 & 97 Holland Road, The Estoril carries a guide price of $220 million, or around $1,625 psf\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parkway-mansion-sold-for-146-99mil-to-sustained-land-led-consortium\/","url_meta":{"origin":112150,"position":5},"title":"Parkway Mansion sold for $146.99mil to Sustained Land-led consortium","date":"December 14, 2017","format":false,"excerpt":"\r After two failed attempts at a collective sale, Parkway Mansion has finally been sold to a consortium led by Sustained Land Pte Ltd for $146.99 million. Colliers International revealed that the sale price was 6.5 percent higher than the owners\u2019 guide price of $138 million during the tender launched\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112150"}],"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=112150"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112150\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}