{"id":64772,"date":"2017-08-28T10:22:01","date_gmt":"2017-08-28T03:22:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-condo-up-for-en-bloc-sale-for-s235mil\/"},"modified":"2017-08-28T10:29:38","modified_gmt":"2017-08-28T03:29:38","slug":"sun-rosier-condo-up-for-en-bloc-sale-for-s235mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-condo-up-for-en-bloc-sale-for-s235mil\/","title":{"rendered":"Sun Rosier condo up for en bloc sale for S$235mil"},"content":{"rendered":"


\nWith 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)
\nThe owners of the 78-unit Sun Rosier condominium in How Sun Drive have joined the collective sale bandwagon, setting the indicative price at S$235 million, reported The Straits Times.
\nThe selling price works out to S$1,149 per sq ft per plot ratio (psf ppr), revealed marketing agent Huttons Asia.
\nThe 146,046 sq ft site has a plot ratio of 1.4 under the Urban Redevelopment Authority\u2019s 2014 Master Plan. 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.
\nHuttons noted that no development charge is payable for the site off Bradley Road.
\nJust a five minutes\u2019 walk from Bartley MRT station, the developer of the site could tap on \u201cfavourable conditions\u201d, it said.
\nAnd given its freehold status and proximity to the upcoming development of the Bidadari estate, \u201cprospective developers can expect strong demand from buyers\u201d.
\nIn fact, government land sales within the area has received robust response from buyers. A mixed development site beside Woodleigh MRT station, for instance, was sold in June for S$1.132 billion, or S$1,181 psf ppr.
\nConsultants attributed the bullish bid to the developers\u2019 confidence in the government\u2019s masterplan for the Bidadari estate.
\nSEE ALSO:\u00a0Bidadari mixed-use site attracts $1.132 billion top bid
\nA consortium connected to Kajima Development and Singapore Press Holdings plans to develop the 99-year leasehold site into more than 600 housing units as well as a 310,000 sq ft retail and commercial component.
\nAnother factor is that Singapore\u2019s en bloc sale market is currently hot.
\nSim Lian recently acquired Tampines Court for S$970 million, making it the biggest deal for a former Housing and Urban Development Company estate since 2007, when Farrer Court went for S$1.34 billion.
\nCBRE\u2019s capital markets director Galven Tan expect more home owners to join the growing list of collective sale over the next three to six months, which may appeal to developers eyeing to replenish their landbanks.
\nThe tender for Sun Rosier will close on 21 September.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sun Rosier condo up for en bloc sale for S5mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With a maximum gross floor area of 204,464 sq ft, the freehold site can yield...<\/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-64772","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-gQI","jetpack-related-posts":[{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":64772,"position":0},"title":"Two small condo projects up for en bloc sale","date":"July 5, 2018","format":false,"excerpt":"\r The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo: Huttons Asia) Two small condo developments \u2013 Jansen Mansion and Blossom Mansions \u2013 have joined the collective sale bandwagon, carrying a price tag of $22 million and $32.8 million respectively, revealed marketing agent Huttons\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/","url_meta":{"origin":64772,"position":1},"title":"Watten Estate Condominium up for en bloc sale for $536m","date":"July 30, 2019","format":false,"excerpt":"\r Located at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft.\u00a0After factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-west-up-for-en-bloc-sale-for-s818mil\/","url_meta":{"origin":64772,"position":2},"title":"Park West up for en bloc sale for S$818mil","date":"December 5, 2017","format":false,"excerpt":"\r After two failed attempts at a collective sale in 2007 and 2011, Park West condominium near Clementi MRT station has once again been put up for en bloc sale with an asking price of S$818 million, reported Channel News Asia. This comes after over 80 percent of the owners\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-residential-sites-at-thiam-siew-avenue-up-for-sale\/","url_meta":{"origin":64772,"position":3},"title":"Two freehold residential sites at Thiam Siew Avenue up for sale","date":"September 24, 2021","format":false,"excerpt":"\r Two freehold residential sites at Thiam Siew Avenue up for saleIncluding balcony space, the North plot has a GFA of 405,536 sq ft and an estimated development charge of $20.2 million, while the 384,791 sq ft South plot has a development charge of\u00a0$19.1 million. Photo: Savills Singapore Two freehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/Thiam-Siew-Avenue-crop.jpg?fit=818%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":86623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sale-fever-hits-lakeside-towers-jalan-besar-plaza\/","url_meta":{"origin":64772,"position":4},"title":"Collective sale fever hits Lakeside Towers, Jalan Besar Plaza","date":"April 27, 2018","format":false,"excerpt":"\r The owners of Jalan Besar Plaza are expecting $380 million if the sale goes through. This is the freehold development\u2019s fourth en bloc attempt. Lakeside Towers and Jalan Besar Plaza are the latest properties to be put up for en bloc sale, with the owners expecting $30.5 million and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloria-mansion-in-district-5-up-for-en-bloc-sale-at-79m\/","url_meta":{"origin":64772,"position":5},"title":"Gloria Mansion in District 5 up for en bloc sale at $79m","date":"June 19, 2018","format":false,"excerpt":"\r The hilltop apartment at Pasir Panjang Road is close to Haw Par Villa MRT station, the West Coast Highway and Ayer Rajah Expressway. (Photo: Huttons Asia) Gloria Mansion, a freehold residential development at Pasir Panjang Road, has been put up for collective sale with a reserve price of $79\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\/64772"}],"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=64772"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/64772\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=64772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=64772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=64772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}