{"id":59606,"date":"2017-07-03T10:03:50","date_gmt":"2017-07-03T03:03:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-to-go-en-bloc-again\/"},"modified":"2017-07-03T10:19:07","modified_gmt":"2017-07-03T03:19:07","slug":"tampines-court-to-go-en-bloc-again","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-to-go-en-bloc-again\/","title":{"rendered":"Tampines Court to go en bloc again"},"content":{"rendered":"


\n\u00a0
\nFor the third time, Tampines Court will once again hit the collective sales market on Tuesday carrying an indicative price of S$960 million, after 82 percent of its owners consented to the sale.
\nThe former Housing and Urban Development Company (HUDC) estate\u2019s first attempt at an en bloc sale in 2008 was dismissed by the Strata Title\u2019s Board while its second try in 2011 failed to obtain the requisite 80 percent approval of the owners, reported The Straits Times.
\nAccording to marketing agent Huttons, the buyer of the 560-unit development will have to pay S$348 million worth of additional charges to top up the lease to a fresh 99 years and for intensifying the land use.
\nThe extra charges and the asking price translates to a land rate of S$665 per sq ft per plot ratio.
\nHuttons Asia investment sales head Terence Lian said the home owners, who stand to receive around S$1.7 million each, are upbeat of the current market sentiment.
\n\u201cThey realise that there is a small window of opportunity now for them to launch the sale.\u201d
\nNestled on a 702,000 sq ft site, Tampines Court has around 69 years left on its lease. It features 560 units spread across 14 residential blocks, with sizes ranging between 1,658 sq ft and 1,733 sq ft.
\nHuttons noted that the site can be redeveloped to offer 2,100 housing units with an average size of 900 sq ft.
\n\u201cThe site is in a mature estate and has the potential to be redeveloped into an eco-town, with larger apartments that are suitable for families,\u201d said Lian.
\nIf successful, it will be the biggest en bloc sale deal for a former HUDC property in a decade.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Tampines Court to go en bloc again<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 For the third time, Tampines Court will once again hit the collective sales market...<\/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-59606","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-fvo","jetpack-related-posts":[{"id":63808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-set-to-be-biggest-collective-sale-in-a-decade\/","url_meta":{"origin":59606,"position":0},"title":"Tampines Court set to be biggest collective sale in a decade","date":"August 16, 2017","format":false,"excerpt":"\r Built in 1985, Tampines Court sits on a huge 702,164 sq ft site.\u00a0 Following two failed attempts at a collective sale in 2008 and 2011, Tampines Court is poised to become the biggest en bloc sale of a former Housing and Urban Development Company (HUDC) estate in a decade,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sim-lian-to-build-12-storey-condo-at-tampines-site\/","url_meta":{"origin":59606,"position":1},"title":"Sim Lian to build 12-storey condo at Tampines site","date":"August 24, 2017","format":false,"excerpt":"\r \u00a0 Sim Lian intends to develop a condominium project with over 2,000 units on the Tampines Court site, which it acquired for S$970 million, reported Business Times. This makes Tampines Court the biggest collective sale since 2007, when Farrer Court was sold for S$1.3388 billion. Exceeding the initial reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-condo-up-for-en-bloc-sale-for-s235mil\/","url_meta":{"origin":59606,"position":2},"title":"Sun Rosier condo up for en bloc sale for S$235mil","date":"August 28, 2017","format":false,"excerpt":"\r With a maximum gross floor area of 204,464 sq ft, the freehold site can yield 204 housing units with an average size of around 1,000 sq ft each. (Photo: Google Maps) The owners of the 78-unit Sun Rosier condominium in How Sun Drive have joined the collective sale bandwagon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-view-mansions-to-go-en-bloc-at-a-lower-price\/","url_meta":{"origin":59606,"position":3},"title":"Park View Mansions to go en bloc at a lower price","date":"December 11, 2018","format":false,"excerpt":"\r The 160-unit residential development is located right next to the scenic Jurong Lake Gardens. (Photo: Huttons Asia) Park View Mansions is set to relaunch its en bloc sale tender on Wednesday (12 Dec) at a reserve price of $250 million, down 22 percent from the $320 million price in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76976,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/balmoral-gardens-launched-for-en-bloc-sale-owners-expect-over-92m\/","url_meta":{"origin":59606,"position":4},"title":"Balmoral Gardens launched for en bloc sale, owners expect over $92m","date":"January 17, 2018","format":false,"excerpt":"\r Balmoral Gardens, a 40-unit freehold condominium near Orchard Road, has joined the collective sales frenzy today (17 January), with owners expecting offers of more than $92 million. According to sole marketing agent Huttons Asia, all residents have agreed to the en bloc sale. \u201cWith full consensus from the owners,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-residential-sites-yielding-1880-homes-released-for-sale\/","url_meta":{"origin":59606,"position":5},"title":"3 residential sites yielding 1,880 homes released for sale","date":"June 1, 2018","format":false,"excerpt":"\r Aerial view of the sale site at Dairy Farm Road. (Photo: URA) Three residential sites that could yield a total of 1,880 housing units were released for sale by the Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) on Thursday (31 May) under the Government Land Sales\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\/59606"}],"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=59606"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59606\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}