{"id":63834,"date":"2017-08-16T16:30:22","date_gmt":"2017-08-16T09:30:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-property-up-for-sale\/"},"modified":"2017-08-16T16:39:24","modified_gmt":"2017-08-16T09:39:24","slug":"katong-property-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-property-up-for-sale\/","title":{"rendered":"Katong property up for sale"},"content":{"rendered":"


\nAerial view of the freehold site at Amber Road, which has been put up for sale at a guide price of between $56.6 million and $61 million. (Photo: JLL)
\nA freehold site in Katong comprising four vacant old houses has been put up for sale by expressions of interest (EOI), said JLL, which is marketing the property on behalf of the executors of the late owner\u2019s estate.
\nThe 22,800 sq ft site is sandwiched between the Amber Skye and 16 @ Amber condominiums along Amber Road, and is close to the future Tanjong Katong MRT station on the Thomson-East Coast Line.
\nSEE ALSO: Eye on Katong: Rich in heritage and more
\n\u201cThis plot of land stands out as one of the last remaining undeveloped plots along the stretch of Amber Road, a location known for its high-rise apartments and seaside living,\u201d said Yong Choon Fah, National Director at JLL.
\nShe revealed that the vendors expect offers of between $56.6 million and $61 million, which works out to a land rate of about $1,199 to $1,268 psf per plot ratio. The development charge is estimated to be in the region of $20 million.
\n\u201cWe anticipate strong interest from developers and investors, both locally and regionally,\u201d Yong said.
\nZoned residential with an allowable gross plot ratio of 2.8 under the 2014 Master Plan, the site could be redeveloped into a high-rise apartment of about 24 to 26 storeys, depending on height controls imposed by the government.
\nA developer may potentially configure the allowable gross floor area of 63,820 sq ft into a maximum of 84 apartments with an average size of 753 sq ft. Some of the units could offer partial sea views, with the future project commanding an average price of about $2,000 psf, said Yong.
\nThe EOI exercise for the Amber Road property will close on 21 September 2017.
\nJLL also brokered the recent sale of The Albracca, a 10-storey residential project at nearby Meyer Road, which was sold collectively to developer Sustained Land for $69.119 million in July.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Katong property up for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of the freehold site at Amber Road, which has been put up for...<\/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-63834","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-gBA","jetpack-related-posts":[{"id":64818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-and-jervois-gardens-launched-for-sale\/","url_meta":{"origin":63834,"position":0},"title":"Amber Park and Jervois Gardens launched for sale","date":"August 29, 2017","format":false,"excerpt":"\r View of Amber Park, which is expected to be redeveloped into a high-rise project with sea views. (Photo: JLL) The collective sales market continues to roll on with two freehold residential developments \u2013 Amber Park and Jervois Gardens \u2013 launched for tender. Located along Amber Road in Katong, Amber\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-bungalow-plot-off-meyer-road-up-for-sale\/","url_meta":{"origin":63834,"position":1},"title":"Freehold bungalow plot off Meyer Road up for sale","date":"June 7, 2018","format":false,"excerpt":"\r The 16,160 sq ft site near the upcoming Katong Park MRT station has an asking price of between $22 million and $24 million. (Photo: JLL) A prime bungalow site off Meyer Road in District 15 has been put up for sale by expression of interest (EOI) with an asking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-to-open-for-preview-this-weekend\/","url_meta":{"origin":63834,"position":2},"title":"Amber Park To Open For Preview This Weekend","date":"April 26, 2019","format":false,"excerpt":"\r Amber Park, a 529-unit residential development along Amber Road, will open for preview this Saturday (27 April). The freehold condo is being developed by City Developments Limited (CDL) along with joint venture partner Hong Realty (Private) Limited. Nestled on a 213,000 sq ft site, Amber Park comprises three 21-storey\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":63834,"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":63834,"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":104020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nyon-condo-preview-includes-heritage-tour\/","url_meta":{"origin":63834,"position":5},"title":"Nyon condo preview includes heritage tour","date":"February 15, 2019","format":false,"excerpt":"\r The freehold project draws inspiration from Peranakan culture and is a short walk from the future Tanjong Katong MRT station. Homegrown developer Aurum Land has come up with a unique way to attract home buyers to the upcoming preview of its Nyon condominium in Katong, which starts on Saturday\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\/63834"}],"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=63834"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/63834\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=63834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=63834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=63834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}