{"id":51777,"date":"2017-04-13T11:24:34","date_gmt":"2017-04-13T04:24:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunosville-put-up-for-en-bloc-sale\/"},"modified":"2017-04-13T11:38:48","modified_gmt":"2017-04-13T04:38:48","slug":"eunosville-put-up-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunosville-put-up-for-en-bloc-sale\/","title":{"rendered":"Eunosville put up for en bloc sale"},"content":{"rendered":"


\nThe owners are expecting offers of up to $653 million, which would make the estate the biggest en bloc sale in recent years.\u00a0
\nFormer Housing and Urban Development Company (HUDC) estate Eunosville has been put up for collective sale, with the owners expecting offers of between $643 million and $653 million, reported the Straits Times.
\nThe asking price for the 330-unit development dwarfs that of Rio Casa in Hougang, which went on sale just days ago with expectations of over $450.8 million. It would also surpass the $638 million paid for Shunfu Ville in 2016 \u2013 making the estate in Sims Avenue the biggest en bloc sale in recent years, said marketing agent OrangeTee.
\nThis includes a top-up premium of around $181 million for a fresh 99-year lease as well as for the 376,713 sq ft site\u2019s intensification. Eunosville is situated less than 100m away from the Eunos MRT station.
\n\u201cThe recent tweak to the cooling measures has injected some optimism into the residential market\u2026 Strong sales results at recent launches such as Grandeur Park Residences\u2026 show buyers are still keen to invest in projects with strong locational attributes such as proximity to MRT stations,\u201d said Marcus Oh, Executive Director of Business Solutions at OrangeTee.
\nWith 70 years left on its lease, Eunosville comprises 75 walk-up apartments in four blocks and 255 maisonettes spread across 10 blocks.
\nThe maisonettes have a strata floor area of between 1,697 sq ft and 1,776 sq ft, while apartment sizes range from 1,636 sq ft to 1,722 sq ft.
\nThe future development could yield around 1,035 units, with an average size of 969 sq ft.
\nThe selling price for the new condominium could be in the range of $1,450 psf, with a break-even price of around $1,250 psf, said Alex Oh, Director of Business Solutions at OrangeTee.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Eunosville put up for en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners are expecting offers of up to $653 million, which would make the estate...<\/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-51777","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-dt7","jetpack-related-posts":[{"id":56604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunosville-sold-to-mcl-land-for-765-million\/","url_meta":{"origin":51777,"position":0},"title":"Eunosville sold to MCL Land for $765 million","date":"June 1, 2017","format":false,"excerpt":"\r Aerial view of the Eunosville site. (Photo: OrangeTee) Eunosville, a 330-unit privatised HUDC development near Eunos MRT station, has been sold en-bloc for $765.78 million ($909 psf per plot ratio) to Chinese developer MCL Land, said marketing agent OrangeTee. The sale price is significantly higher than what the owners\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56934,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-estates-gunning-for-en-bloc-sales\/","url_meta":{"origin":51777,"position":1},"title":"Two estates gunning for en bloc sales","date":"June 5, 2017","format":false,"excerpt":"\r The Interlace (pictured) began as Gillman Heights \u2013 one of the first HUDC to be privatised in 1996 and then later sold via an en bloc sale \u2013 an aim both Tampines Court and Florence Regency are now hoping to achieve. Following the recent collective sales of Rio Casa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-albracca-at-meyer-road-up-for-en-bloc-sale\/","url_meta":{"origin":51777,"position":2},"title":"The Albracca at Meyer Road up for en-bloc sale","date":"June 13, 2017","format":false,"excerpt":"\r The owners are expecting offers in the range of $62 million to $65 million. (Photo: JLL) An en-bloc tender exercise has been launched for The Albracca, a 10-storey apartment along Meyer Road which was completed in 1990, revealed sole marketing agent JLL. This is the first time that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/need-for-realistic-expectations-amid-expected-hike-in-en-bloc-sales\/","url_meta":{"origin":51777,"position":3},"title":"Need for realistic expectations amid expected hike in en bloc sales","date":"April 12, 2017","format":false,"excerpt":"\r The limited supply of land sites has resulted in more developers going after projects put up for collective sale. While the residential collective sales market is expected to pick up this year, experts have called on owners of residential developments to be realistic with their expectations, reported Channel NewsAsia.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-projects-to-go-en-bloc-in-2017\/","url_meta":{"origin":51777,"position":4},"title":"More projects to go en bloc in 2017","date":"November 28, 2016","format":false,"excerpt":"\r Raintree Gardens was one of the successful en bloc properties this year. Market watchers expect more residential properties to go en bloc in 2017, following the success of three collective sales this year, reported The Business Times. \u201cNext year, I expect more \u2014 \u00a0and a wider range of \u2014\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100807,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-esta-to-open-for-preview-on-saturday\/","url_meta":{"origin":51777,"position":5},"title":"Parc Esta to open for preview on Saturday","date":"November 2, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the pool view at Parc Esta. Source: MCL Land Developer MCL Land is set to open the showflat for its highly-anticipated Parc Esta development at Sims Avenue for preview on Saturday (3 Nov). Aside from being touted as the closest private condominium to Eunos MRT station,\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\/51777"}],"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=51777"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=51777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=51777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=51777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}