{"id":65386,"date":"2017-09-04T10:31:30","date_gmt":"2017-09-04T03:31:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-botania-to-boost-sing-holdings\/"},"modified":"2017-09-04T10:39:07","modified_gmt":"2017-09-04T03:39:07","slug":"parc-botania-to-boost-sing-holdings","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-botania-to-boost-sing-holdings\/","title":{"rendered":"Parc Botania to boost Sing Holdings"},"content":{"rendered":"


\nMap showing the location of Parc Botania at Fernvale Road. Source: URA
\nKGI Securities expects Parc Botania, a 735-unit private residential project at Fernvale Road in Sengkang, to boost Sing Holdings\u2019 profit, reported Singapore Business Review.
\nThis comes as the project is expected to sell well at its upcoming launch, considering the recent upturn in property sales.
\nSing Holdings currently owns a 70 percent stake in the development, while the remaining 30 percent is held by Wee Hur.
\nSEE ALSO: Fernvale Road residential site attracts 14 bids
\nKGI expects profit to reach $103 psf over the saleable area of 555,288 sq ft, or a total of $57 million.
\nIt noted that High Park Residences, which is located right next to the project, moved 1,399 units for $988 psf within 20 months despite low property sales in 2015 and 2016.
\nOther developments in the area sell for between $970 psf and $1,060 psf.
\n\u201cSingapore property prices have declined for consecutive 15 quarters, with home prices lower by around 12 percent from their peak in 2013,\u201d KGI said.
\n\u201cHowever, sentiments have started to improve lately, going by the increased transactions and slower decline of property prices in the last two quarters.\u201d
\nIn fact, Singapore developers sold more than 7,000 homes during the first seven months of the year, up 50 percent over the same period last year.
\nWith this, KGI expects Sing Holdings\u2019 revalued net asset value to stand at \u201cS$0.77 following the sale of its BizTech Centre, Robin Residences, and its private residential project at Fernvale Road\u201d.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Parc Botania to boost Sing Holdings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Map showing the location of Parc Botania at Fernvale Road. Source: URA KGI Securities expects...<\/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-65386","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-h0C","jetpack-related-posts":[{"id":74766,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-to-cool-down-in-dec-jan\/","url_meta":{"origin":65386,"position":0},"title":"Private home sales to cool down in Dec, Jan","date":"December 18, 2017","format":false,"excerpt":"\r Parc Botannia is a 99-year leasehold condominium development located at Fernvale Rd in District 28. Excluding executive condominiums (ECs), private home sales in Singapore slightly increased to 785 units in November compared to 760 units in the prior month, according to data from the Urban Redevelopment Authority (URA). On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-botannia-in-sengkang-to-launch-at-prices-starting-from-548000\/","url_meta":{"origin":65386,"position":1},"title":"Parc Botannia in Sengkang to launch at prices starting from $548,000","date":"November 3, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Parc Botannia. Parc Botannia, the last residential project to launch in 2017, will open its showflat to buyers on 11 November, said developers Sing Holdings and Wee Hur Holdings. Sing Holdings owns a 70 percent stake in the development, while the remaining 30 percent is held\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-closes-tender-for-canberra-drive-and-fernvale-lane-sites\/","url_meta":{"origin":65386,"position":2},"title":"URA closes tender for Canberra Drive and Fernvale Lane sites","date":"March 4, 2020","format":false,"excerpt":"\r Parcels A and B received five and four bids respectively, while the EC site at Ferndale Lane was hotly-contested, with seven bids. The tender for two private residential sites in Canberra Drive (Parcels A and B) and an executive condominium (EC) site in Fernvale Lane closed on Tuesday (3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eye-on-fernvale-the-new-kid-on-the-block\/","url_meta":{"origin":65386,"position":3},"title":"Eye on Fernvale: The new kid on the block","date":"November 23, 2017","format":false,"excerpt":"\r View of the Thanggam LRT station in Fernvale. (Photo: Christopher Chitty) Fernvale is the Sengkang area\u2019s newest neighbourhood, and it shows.\u00a0 By Joanne Poh Pristine new HDB flats reach for the sky, and the new Seletar Mall, opened just three years ago, proudly boasts the very first cineplex in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/Eye-on-Fernvale-1024x275.png?fit=1024%2C275&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":71625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/almost-one-third-of-parc-botannias-units-sold-during-launch\/","url_meta":{"origin":65386,"position":4},"title":"Almost one-third of Parc Botannia\u2019s units sold during launch","date":"November 13, 2017","format":false,"excerpt":"\r Parc Botannia in Sengkang successfully found buyers for about 230 units at an average price of $1,270 psf after the condominium was launched for sale on Saturday (11 November), reported The Business Times. Jointly developed by Wee Hur and Sing Holdings under a 30:70 partnership respectively, the 735-unit project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27445,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-tender-for-singapores-coveted-fernvale-road-site-has-been-won\/","url_meta":{"origin":65386,"position":5},"title":"The tender for Singapore\u2019s coveted Fernvale Road site has been won","date":"September 27, 2016","format":false,"excerpt":"\r So which developer paid USD211.27 million for the 17,196-sqm parcel? Public housing residential blocks at Sengkang in Singapore. Blue sky during sunrise. diyben \/ Shutterstock The bidding war over a land parcel in Fernvale Road in Singapore\u00a0came to an today with\u00a0Sing Development and Wee Hur Development narrowly beating the\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\/65386"}],"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=65386"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=65386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=65386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=65386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}