{"id":51528,"date":"2017-04-11T05:00:12","date_gmt":"2017-04-10T22:00:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/former-hudc-estate-in-hougang-up-for-collective-sale\/"},"modified":"2017-04-11T05:56:20","modified_gmt":"2017-04-10T22:56:20","slug":"former-hudc-estate-in-hougang-up-for-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/former-hudc-estate-in-hougang-up-for-collective-sale\/","title":{"rendered":"Former HUDC estate in Hougang up for collective sale"},"content":{"rendered":"


\nThe owners of Rio Casa are expecting offers above $450.8 million, or a land rate of about $586 psf per plot ratio. (Photo: Knight Frank Singapore)
\nRio Casa, a privatised HUDC estate along Hougang Avenue 7 has been launched for collective sale, said marketing agent Knight Frank Singapore.
\nThe river-fronting estate comprises seven blocks of 286 apartments and maisonette units. Under the Master Plan 2014, the approximately 396,231 sq ft site is zoned for residential use with a gross plot ratio of 2.8.
\nKnight Frank revealed that the owners are expecting offers above $450.8 million, which works out to a land rate of about $586 psf per plot ratio. This includes a differential premium of around $141.5 million for intensification of the site based on the maximum permissible gross floor area of 1,109,447 sq ft and lease top-up premium of approximately $57.5 million for a fresh 99-year lease.
\nLocated within a residential area, the redevelopment site is close to various schools including CHIJ Our Lady of The Nativity, Holy Innocents\u2019 Primary and High School, Montfort Junior School and Serangoon Junior College.
\nThe Hougang MRT station and upcoming Integrated Transport Hub at Hougang Central are also in the vicinity.
\n\u201cWe continue to see strong interest from developers for redevelopment opportunities. With more than 200 metres of riverfront and greenery views coupled with other positive site attributes, we expect this property to attract keen interest,\u201d said Ian Loh, Executive Director & Head, Investment and Capital Markets at Knight Frank Singapore.
\nThe tender for Rio Casa will close on 23 May 2017.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Former HUDC estate in Hougang up for collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners of Rio Casa are expecting offers above $450.8 million, or a land rate...<\/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-51528","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-dp6","jetpack-related-posts":[{"id":53932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-tree-hill-gardens-sold-for-65m-in-first-en-bloc-sale-of-2017\/","url_meta":{"origin":51528,"position":0},"title":"One Tree Hill Gardens sold for $65m in first en bloc sale of 2017","date":"May 6, 2017","format":false,"excerpt":"\r The sale price is less than the over $72.8 million that owners initially expected. (Photo: Knight Frank) One Tree Hill Gardens off Orchard Boulevard has been sold for $65 million to a subsidiary of construction and property development company Lum Chang Group, said marketing agent Knight Frank on Friday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rio-casa-sold-en-bloc-for-s575mil\/","url_meta":{"origin":51528,"position":1},"title":"Rio Casa sold en-bloc for S$575mil","date":"May 26, 2017","format":false,"excerpt":"\r \u00a0 Rio Casa, a 286-unit development at Hougang Avenue 7 has been sold collectively for S$575 million to Oxley-Lian Beng Venture Pte Ltd, revealed marketing agent Knight Frank. Coupled with an additional differential premium of around S$208 million to top up the lease to a fresh 99 years and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/normanton-park-sold-for-830-1m-or-969-psf-ppr\/","url_meta":{"origin":51528,"position":2},"title":"Normanton Park sold for $830.1m, or $969 psf ppr","date":"October 6, 2017","format":false,"excerpt":"\r This is the highest land rate achieved for a 99-year leasehold collective sale site this year. (Photo: Knight Frank) The Normanton Park condominium located off Ayer Rajah Expressway has been sold collectively to Kingsford Huray Development for $830.1 million, marketing agent Knight Frank said on Thursday (5 October). It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hougang-condo-sold-for-629m-in-collective-sale\/","url_meta":{"origin":51528,"position":3},"title":"Hougang condo sold for $629m in collective sale","date":"October 20, 2017","format":false,"excerpt":"\r The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hougang-project-sold-for-629m-in-collective-sale\/","url_meta":{"origin":51528,"position":4},"title":"Hougang project sold for $629m in collective sale","date":"October 20, 2017","format":false,"excerpt":"\r The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/florence-regency-up-for-collective-sale\/","url_meta":{"origin":51528,"position":5},"title":"Florence Regency up for collective sale","date":"August 22, 2017","format":false,"excerpt":"\r Built in the late 1980s, Florence Regency comprises 336 units of apartments and maisonettes. It has a gross plot ratio of 2.8 and a site area of 389,236 sq ft. With 71 years left on its lease, the site could yield up to 1,300 apartment units. (Photo: JLL) Former\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\/51528"}],"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=51528"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51528\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=51528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=51528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=51528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}