{"id":113445,"date":"2020-01-07T09:51:05","date_gmt":"2020-01-07T02:51:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-for-en-bloc-sale-with-28m-reserve-price\/"},"modified":"2020-01-07T10:05:05","modified_gmt":"2020-01-07T03:05:05","slug":"green-court-up-for-en-bloc-sale-with-28m-reserve-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-for-en-bloc-sale-with-28m-reserve-price\/","title":{"rendered":"Green Court up for en bloc sale, with $28m reserve price"},"content":{"rendered":"


\nThe three-storey commercial and residential development comprises three ground floor shops as well as six two-storey walk-up apartments on the second level.
\nGreen Court, a freehold mixed-use development situated along Geylang Road, is up for en bloc sale.
\nThe owners are expecting offers above their $28 million reserve price, which includes an additional development charge of about $5.24 million to maximise the Gross Floor Area (GFA).
\nThe price works out to a land rate of around\u00a0$1,178 per sq ft per plot ratio (psf ppr), revealed marketing agent Knight Frank Singapore.
\nThe three-storey commercial and residential development comprises three ground floor shops as well as six two-storey walk-up apartments on the second level, with a total site area of 894.5 sq m (9,628 sq ft).\u00a0
\nUnder the 2019 URA Master Plan, the site is uniquely zoned \u201cCommercial\u201d with a Gross Plot Ratio (GPR) of 3.0 and part \u201cResidential\u201d with a 2.8 GPR. Knight Frank noted that this allows redevelopment potential of up to a maximum permissible GFA of about 28,216 sq ft.
\nREAD:\u00a0What\u2019s New In The URA Master Plan 2019? [Part I Of II]
\nLocated near retail malls and office buildings at Paya Lebar Central and the Tanjong Katong area, Green Court is a short 10-minute drive to the CBD, Tanjong Pagar and Marina Bay.
\nThe site is also seven minutes\u2019 walk away to the Aljunied MRT station, while the Dakota MRT station is 10 minutes\u2019 walk away.
\n\u201cThe site is within walking distance to a wide array of leisure, entertainment and dining amenities along Geylang Road and the rejuvenated Paya Lebar Commercial Hub, including PLQ Mall, Singpost Centre, Paya Lebar Square and Kinex Mall,\u201d said Ian Loh, Head of Investment and Capital Markets (land, building & collective sales) at Knight Frank Singapore.
\n\u201cIn view of its location and bite-sized quantum, we expect keen interest for this redevelopment opportunity.\u201d
\nThe tender for Green Court closes on 19 February.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\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\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Green Court up for en bloc sale, with m reserve price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The three-storey commercial and residential development comprises three ground floor shops as well as six...<\/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-113445","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-tvL","jetpack-related-posts":[{"id":117840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-again-for-en-bloc-sale\/","url_meta":{"origin":113445,"position":0},"title":"Green Court up again for en bloc sale","date":"July 17, 2020","format":false,"excerpt":"\r The three-storey development comprises three ground floor shops and six duplex walk-up apartments on the second floor. Photo: Knight Frank. Green Court, a freehold mixed-use redevelopment site along Geylang Road, has been relaunched for collective sale, with the owners expecting offers above their $28 million reserve price, revealed marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pearlbank-apartments-tries-to-en-bloc-again-at-728-million\/","url_meta":{"origin":113445,"position":1},"title":"Pearlbank Apartments tries to en bloc again at $728 million","date":"October 30, 2017","format":false,"excerpt":"\r The 37-storey horse-shoe shaped building comprises 280 apartments and eight commercial units. 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(Photo: Edmund Tie & Company) The freehold Tai Wah Building at Killiney Road has been launched for collective sale after obtaining consent from all the owners, marketing agent Edmund Tie & Co. said on Monday (9\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":113445,"position":3},"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":101804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/row-of-apartments-in-phoenix-road-up-for-collective-sale-at-42m\/","url_meta":{"origin":113445,"position":4},"title":"Row of apartments in Phoenix Road up for collective sale at $42m","date":"November 29, 2018","format":false,"excerpt":"\r The site is located near Phoenix LRT station and Bukit Panjang MRT station and bus interchange. 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(Photo: JLL) The freehold Choon Kim House along Upper Serangoon Road has been launched for collective sale at an indicative price of over $55 million, marketing agent JLL said on Wednesday (18 Apr).\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\/113445"}],"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=113445"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113445\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}