{"id":121961,"date":"2021-09-13T00:50:03","date_gmt":"2021-09-12T17:50:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flynn-park-sold-en-bloc-for-371mil\/"},"modified":"2021-09-13T09:22:34","modified_gmt":"2021-09-13T02:22:34","slug":"flynn-park-sold-en-bloc-for-371mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flynn-park-sold-en-bloc-for-371mil\/","title":{"rendered":"Flynn Park sold en bloc for $371mil"},"content":{"rendered":"


\nFlynn Park sold en bloc for $371milThe deal marked the largest collective sale site sold this year. Photo: Savills Singapore
\nFlynn Park at 18-22 Yew Siang Road has been sold via en bloc sale for $371 million to a joint venture between Hoi Hup Realty and Sunway Developments.
\nThe sale price works out to about $1,355 per plot ratio (ppr) or $1,318 ppr after taking into account the 7% bonus balconies.
\nSavills Singapore, which brokered the sale, said the deal marked the largest collective sale site sold this year.
\nFeaturing 72 apartment units, Flynn Park occupies a 208,443 sq ft freehold site that is zoned for \u201cResidential\u201d use under the 2019 Master Plan with a plot ratio of 1.4.
\nGalven Tan, Deputy Managing Director of Investment Sales and Capital Markets at Savills Singapore, said the tender exercise for the development was keenly contested.
\n\u201cThe result is testament to the strong attributes of the site \u2013 the unique opportunity to develop a premium product at the fringe of the city centre and just 350m from the MRT Station, yet right next to lush and matured nature parks,\u201d he said.
\nWong Swee Chun, Chairman and Managing Director of Hoi Hup Realty, described Flynn Park as a rare hillside plot.
\n\u201cIt is tranquil, lush and green, yet enjoys proximity to the MRT network and is minutes to the city. It will also benefit greatly from its adjacency to the new Southern Waterfront development,\u201d he said.
\n\u201cWe look forward to developing a premium product on this unique site.\u201d
\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…Flynn Park sold en bloc for 1mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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Flynn Park, a 72-unit freehold condominium at 18-22 Yew Siang Road, has been put up for sale via public tender\u2014its second collective sale attempt \u2014with a reserve price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/Flynn-Park-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123732,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-beaumont-up-for-en-bloc-sale-for-478mil\/","url_meta":{"origin":121961,"position":1},"title":"The Beaumont up for en bloc sale for $478mil","date":"December 10, 2021","format":false,"excerpt":"\r Located at 145 and 147 Devonshire Road, The Beaumont occupies a 74,739 sq ft site just minutes away from the Orchard Road shopping belt. Source: Savills The Beaumont, a cul-de-sac residential development opposite TripleOne Somerset within the Orchard Road residential area, has been launched for collective sale with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Savills-The-Beaumont.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":88551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-more-properties-launched-for-en-bloc-sale\/","url_meta":{"origin":121961,"position":2},"title":"8 more properties launched for en bloc sale","date":"May 17, 2018","format":false,"excerpt":"\r Cairnhill Astoria (the red building) in prime District 9 has joined a growing list of properties launched for en bloc sale. (Photo: Colliers International) Singapore\u2019s red-hot collective sales market continues to sizzle with more homeowners jumping on the en bloc bandwagon. Cairnhill Astoria in Cairnhill Rise and Trendale Tower\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":121961,"position":3},"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":75425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-wilshire-launched-for-en-bloc-sale-at-98-07mil\/","url_meta":{"origin":121961,"position":4},"title":"The Wilshire launched for en bloc sale at $98.07mil","date":"December 29, 2017","format":false,"excerpt":"\r The Wilshire, a 20-unit residential development along Farrer Road, has been put up for en bloc sale by tender, carrying an indicative price of $98.07 million or around $1,525 psf ppr, revealed marketing agent Savills Singapore. Built in the 1980s, the development is nestled on a 3,635.3 sq m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81668,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hollandia-in-district-10-sold-for-183-38m\/","url_meta":{"origin":121961,"position":5},"title":"Hollandia in District 10 sold for $183.38m","date":"March 2, 2018","format":false,"excerpt":"\r The owners could receive gross sale proceeds ranging from $3.3 million to $4.2 million. 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