{"id":58636,"date":"2017-06-22T05:00:59","date_gmt":"2017-06-21T22:00:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-ville-up-for-collective-sale-at-400-430-mil\/"},"modified":"2017-06-22T05:14:01","modified_gmt":"2017-06-21T22:14:01","slug":"serangoon-ville-up-for-collective-sale-at-400-430-mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-ville-up-for-collective-sale-at-400-430-mil\/","title":{"rendered":"Serangoon Ville up for collective sale at $400-$430 mil"},"content":{"rendered":"


\nThe 244-unit residential project sits on a 296,913 sq ft site.
\nSerangoon Ville, a privatised HUDC estate at Serangoon North Avenue 1, has been put up for collective sale, marketing agent ERA Realty Network said on Wednesday (21 June). The site has 69 years left on its lease.
\nThe 244-unit project sits on 296,913 sq ft of land with a plot ratio of 2.8. There are three blocks of 13-storey and four blocks of four-storey walk-up apartments.
\nMore than 80 percent of the owners consented to the sale, said Stanley Koo, Division Director at ERA. They are expecting offers in the range of $400 million to $430 million.
\nThis excludes an estimated $200 million to $220 million for intensification of the site and to top-up the lease to 99 years. The price works out to $720 psf per plot ratio, inclusive of the additional charges.
\nEach owner is expected to receive between $1.6 million to $1.7 million.\u00a0
\nSerangoon Ville is close to Kovan MRT station, NEX shopping mall and numerous local and international schools.
\nThe tender exercise will close on 25 July, said ERA.
\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…Serangoon Ville up for collective sale at 0-0 mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 244-unit residential project sits on a 296,913 sq ft site. Serangoon Ville, a privatised...<\/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-58636","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-ffK","jetpack-related-posts":[{"id":61956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-ville-sold-en-bloc-each-owner-to-get-about-2m\/","url_meta":{"origin":58636,"position":0},"title":"Serangoon Ville sold en bloc, each owner to get about $2m","date":"July 27, 2017","format":false,"excerpt":"\r The former HUDC estate was purchased for $499 million by a consortium led by Oxley Holdings. The former HUDC estate Serangoon Ville has been sold in a collective sale to an Oxley Holdings-led consortium for $499 million, following the close of the tender exercise on 25 July. Each owner\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/modest-sales-seen-at-two-new-launches\/","url_meta":{"origin":58636,"position":1},"title":"Modest sales seen at two new launches","date":"June 5, 2018","format":false,"excerpt":"\r Buyers balloting for units at Affinity at Serangoon. (Photo: Oxley Holdings) Two new project launches in the Serangoon area (District 19) reported modest Phase 1 sales over the weekend. Affinity at Serangoon sold 37 percent or 112 of the 300 units released, while The Garden Residences moved more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-170-units-sold-at-two-new-launches\/","url_meta":{"origin":58636,"position":2},"title":"Over 170 units sold at two new launches","date":"June 5, 2018","format":false,"excerpt":"\r Buyers balloting for units at Affinity at Serangoon. (Photo: Oxley Holdings) Two new project launches in the Serangoon area (District 19) reported more than 170 units sold during Phase 1 sales over the weekend. Affinity at Serangoon sold 112 of the 300 units released, while The Garden Residences moved\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85780,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/choon-kim-house-in-upper-serangoon-up-for-en-bloc-sale-with-over-55m-guide-price\/","url_meta":{"origin":58636,"position":3},"title":"Choon Kim House in Upper Serangoon up for en bloc sale with over $55m guide price","date":"April 18, 2018","format":false,"excerpt":"\r Completed in the early 2000\u2019s, the four-storey mixed-use building comprises 20 commercial units and 10 apartments. (Photo: JLL) The freehold Choon Kim House along Upper Serangoon Road has been launched for collective sale at an indicative price of over $55 million, marketing agent JLL said on Wednesday (18 Apr).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-more-properties-launched-for-en-bloc-sale\/","url_meta":{"origin":58636,"position":4},"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":89274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/affinity-at-serangoon-open-for-preview-this-weekend\/","url_meta":{"origin":58636,"position":5},"title":"Affinity at Serangoon open for preview this weekend","date":"May 24, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Affinity at Serangoon, a new 1,052-unit condominium located on the former Serangoon Ville HUDC estate. Affinity at Serangoon, a 1,052-unit residential project with five retail shops at Serangoon North Avenue 1, will open for preview this Saturday (26 May). The 99-year leasehold project is one of\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\/58636"}],"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=58636"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58636\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=58636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=58636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=58636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}