{"id":121785,"date":"2021-09-02T03:46:11","date_gmt":"2021-09-01T20:46:11","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fortune-park-relaunched-for-en-bloc-sale-with-115mil-tag\/"},"modified":"2021-09-02T12:15:28","modified_gmt":"2021-09-02T05:15:28","slug":"fortune-park-relaunched-for-en-bloc-sale-with-115mil-tag","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fortune-park-relaunched-for-en-bloc-sale-with-115mil-tag\/","title":{"rendered":"Fortune Park relaunched for en bloc sale with $115mil tag"},"content":{"rendered":"


\nFortune Park relaunched for en bloc sale with $115mil tagFeaturing 68 apartment units, the freehold development occupies a 44,878.34 sq ft site with a gross plot ratio of 2:1 under the 2019 Master Plan. Photo: ERA
\nFortune Park, a 10-storey residential block at 109 Tampines Road, has been relaunched for collective sale via public tender with an indicative price of $115 million, revealed marketing agent ERA Realty Network.
\nIts first attempt at a collective sale was in March, when it carried an indicative price of between $115 million and $118 million.
\nFeaturing 68 apartment units, the freehold development occupies a 44,878.34 sq ft site with a gross plot ratio of 2:1 under the 2019 Master Plan.
\nERA noted that the site, which has an achievable proposed gross floor area (GFA) of 94,244.52 sq ft, could be redeveloped into 103 apartment units.
\nWith this, development charges will no longer be payable due to an existing high baseline.
\nLocated near Kovan MRT station and Heartland Mall, Fortune Park is also strategically situated adjacent to major expressways such as Central Expressway (CTE) and Kallang-Paya Lebar Expressway (KPE).
\nNearby schools and educational institutions include Holy Innocents Primary and Secondary Schools, Xinghua Primary School, Serangoon Secondary School, DPS International School, Yuying Secondary School as well as Paya Lebar Methodist Primary and Secondary Schools.
\nThe tender for Fortune Park will close on 30 September.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Fortune Park relaunched for en bloc sale with 5mil tag<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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(Photo: Edmund Tie) Crystal Tower, a freehold residential site at Ewe Boon Road, has been put up for en bloc sale again at $138 million, marketing agent Edmund Tie & Co. said on Thursday (26\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-relaunched-for-en-bloc-sale-at-lower-price\/","url_meta":{"origin":121785,"position":1},"title":"Casa Sophia relaunched for en bloc sale at lower price","date":"March 19, 2019","format":false,"excerpt":"\r Most of the owners agreed to a lower asking price of $30 million or $1,158 psf ppr, revealed marketing agent ERA. The 12-unit Casa Sophia has been relaunched for collective sale by private treaty, after most of the owners agreed to a lower asking price of $30 million or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/siglap-shopping-centre-relaunched-for-en-bloc-sale-price-unchanged-at-120mil\/","url_meta":{"origin":121785,"position":2},"title":"Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120mil","date":"August 5, 2021","format":false,"excerpt":"\r Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120milThe site could be developed into a \u201cprominent\u00a0mixed-use development\u00a0that caters to the lifestyles of residents in the vicinity. Photo: OrangeTee Advisory Siglap Shopping Centre along East Coast Road has been relaunched for collective sale via public tender with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Siglap-Shopping-Centre-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":103222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/grange-heights-relaunched-at-the-same-price\/","url_meta":{"origin":121785,"position":3},"title":"Grange Heights relaunched at the same price","date":"January 23, 2019","format":false,"excerpt":"\r The freehold development is located near Orchard Road and Somerset MRT station. (Photo: Colliers International) Homeowners at Grange Heights have decided to relaunch the collective sale tender for the freehold development along St. Thomas Walk despite the softer market. The reserve price remains unchanged from its second tender exercise\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/selegie-centre-sold-en-bloc-for-120m\/","url_meta":{"origin":121785,"position":4},"title":"Selegie Centre sold en bloc for $120m","date":"March 11, 2019","format":false,"excerpt":"\r Katong Plaza, another mixed-use development, has been relaunched for en bloc sale at an asking price of $188 million ($1,968 psf ppr). Mixed-use development Selegie Centre has finally been sold at its $120 million reserve price, or $1,942 psf per plot ratio (psf ppr), following two failed en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-again-for-en-bloc-sale\/","url_meta":{"origin":121785,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121785"}],"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=121785"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/121786"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}