{"id":117840,"date":"2020-07-17T10:13:15","date_gmt":"2020-07-17T03:13:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-again-for-en-bloc-sale\/"},"modified":"2020-07-17T11:03:46","modified_gmt":"2020-07-17T04:03:46","slug":"green-court-up-again-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-again-for-en-bloc-sale\/","title":{"rendered":"Green Court up again for en bloc sale"},"content":{"rendered":"


\nThe three-storey development comprises three ground floor shops and six duplex walk-up apartments on the second floor. Photo: Knight Frank.
\nGreen 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 agent Knight Frank Singapore.
\nThe price works out to a land rate of around $1,178 per sq ft per plot ratio, including an additional development charge of around $5.24 million payable to maximise the gross floor area (GFA).
\nGreen Court was previously put up for sale in January, carrying the same reserve price.
\nThe three-storey development comprises three ground floor shops and six duplex walk-up apartments on the second floor.
\nIt occupies an 894.5 sq m (9,628 sq ft) site that is uniquely zoned part \u201cCommercial\u201d with a 3.0 gross plot ratio (GPR) and \u201cResidential\u201d with 2.8 GPR under the 2019 Master Plan. This allows redevelopment potential of up to a maximum permissible GFA of around 28,216 sq ft.
\nPredominantly surrounded by commercial shophouses, hotels and apartments, Green Court is close to office buildings and retail malls at Paya Lebar Central as well as the Tanjong Katong area.
\nIt is a short 10-minute drive to the Central Business District, Marina Bay and Tanjong Pagar. The development is also seven-minutes\u2019 walk away to Aljunied MRT station, while Dakota MRT Station is 10 minutes\u2019 walk away.
\n\u201cAs one of the key areas identified for growth in commercial business and culture, Paya Lebar Central is part of URA\u2019s decentralization strategy in providing alternatives for businesses to move away from the CBD and to create jobs closer to home,\u201d said Ian Loh, Head of Capital Markets for Land & Building, Collective & Strata Sales, Knight Frank Singapore.
\n\u201cGiven its proximity to the airport, many surrounding amenities and convenience to areas for relaxation and recreation, this bodes well for the live-work-play concept this generation seeks, and particularly in a time when the construct of a workplace is rapidly changing.\u201d
\nThe tender for Green Court closes on 18 August.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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…Green Court up again for en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The three-storey development comprises three ground floor shops and six duplex walk-up apartments on the...<\/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-117840","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-uEE","jetpack-related-posts":[{"id":113445,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-for-en-bloc-sale-with-28m-reserve-price\/","url_meta":{"origin":117840,"position":0},"title":"Green Court up for en bloc sale, with $28m reserve price","date":"January 7, 2020","format":false,"excerpt":"\r The three-storey commercial and residential development comprises three ground floor shops as well as six two-storey walk-up apartments on the second level. Green Court, a freehold mixed-use development situated along Geylang Road, is up for en bloc sale. The owners are expecting offers above their $28 million reserve price,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goodluck-garden-sold-to-qingjian-for-610m\/","url_meta":{"origin":117840,"position":1},"title":"Goodluck Garden sold to Qingjian for $610m","date":"March 9, 2018","format":false,"excerpt":"\r The freehold site off Upper Bukit Timah is close to Beauty World MRT station. (Photo: Knight Frank) Goodluck Garden, a 210-unit freehold condominium along Toh Tuck Road, has been sold through a collective sale to Chinese developer Qingjian Group for $610 million, which is about 10 percent above the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":117840,"position":2},"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":76318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summer-green-in-balestier-up-for-en-bloc-sale\/","url_meta":{"origin":117840,"position":3},"title":"Summer Green in Balestier up for en bloc sale","date":"January 11, 2018","format":false,"excerpt":"\r The 24-unit apartment has a guide price of over $48.5 million. (Photo: Knight Frank) Another residential development, this time off Balestier Road, has been put up for collective sale, said marketing agent Knight Frank on Thursday (11 January). The freehold Summer Green apartment block comprises 24 units and has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86132,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dunearn-gardens-sold-to-el-development-for-468m\/","url_meta":{"origin":117840,"position":4},"title":"Dunearn Gardens sold to EL Development for $468m","date":"April 23, 2018","format":false,"excerpt":"\r The purchase price is lower than the reserve price of $488.8 million. (Photo: Knight Frank) Dunearn Gardens, a freehold condominium located off Newton Road, has been sold collectively to a wholly-owned subsidiary of EL Development for $468 million following its third en bloc attempt, marketing agent Knight Frank said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tai-wah-building-for-sale-at-81-million\/","url_meta":{"origin":117840,"position":5},"title":"Tai Wah Building for sale at $81 million","date":"October 9, 2017","format":false,"excerpt":"\r Built in the 1980s, Tai Wah Building comprises six apartments and two shops. (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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117840"}],"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=117840"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117840\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}