{"id":65708,"date":"2017-09-07T14:26:23","date_gmt":"2017-09-07T07:26:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/changi-garden-put-up-for-collective-sale-at-196-million\/"},"modified":"2017-09-07T14:29:30","modified_gmt":"2017-09-07T07:29:30","slug":"changi-garden-put-up-for-collective-sale-at-196-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/changi-garden-put-up-for-collective-sale-at-196-million\/","title":{"rendered":"Changi Garden put up for collective sale at $196 million"},"content":{"rendered":"


\nThe homeowners are expecting between $1.69 million and $3.74 million from the sale. (Photo: Edmund Tie)
\nChangi Garden, a freehold redevelopment site at Upper Changi Road North, will be launched for collective sale on Friday (8 September) with an asking price of $196 million, or $700 psf per plot ratio, said marketing agent Edmund Tie & Co.
\nDeveloped in the late 1970s and early 1980s, the project sits on a 200,093 sq ft site and comprises 60 apartments, 12 penthouses and 12 shops.
\nSEE ALSO: Sim Lian to build 12-storey condo at Tampines site
\nThe homeowners are expecting between $1.69 million and $3.74 million from the sale, while the shops range from $3.7 million to $5.5 million.
\nAccording to the Master Plan 2014, the site is zoned for residential use with a plot ratio of 1.4. No development charge is payable.
\n\u201cSince 2013, there has not been any residential land sold within a 2.8km radius of Changi Garden,\u201d said Tan Chung Ming, director of investment advisory at Edmund Tie. \u201cWe believe a developer can take advantage of this huge freehold site to create a residential development with full communal and lifestyle facilities to tap on the potential pent up demand.\u201d
\nThe upcoming Jewel Changi Airport and Terminal 4 will further enhance the site\u2019s attractiveness, noted Edmund Tie.\u00a0
\nThe tender for Changi Garden will close on 16 October.\u00a0
\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…Changi Garden put up for collective sale at 6 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The homeowners are expecting between $1.69 million and $3.74 million from the sale. (Photo: Edmund...<\/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-65708","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-h5O","jetpack-related-posts":[{"id":69286,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/changi-garden-sold-for-248-8m\/","url_meta":{"origin":65708,"position":0},"title":"Changi Garden sold for $248.8m","date":"October 17, 2017","format":false,"excerpt":"\r The apartment owners will receive between $2.14 million and $2.27 million. (Photo: Edmund Tie) Changi Garden is the latest development to be sold in an en bloc sale for $248.8 million, revealed marketing agent Edmund Tie & Co. on Tuesday (17 October). The buyer is CEL Development, a member\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-east-coast-site-launched-for-sale\/","url_meta":{"origin":65708,"position":1},"title":"Upper East Coast site launched for sale","date":"September 24, 2018","format":false,"excerpt":"\r The owners of the freehold property are expecting offers of about $26 million. (Photo: ET&Co) A three-storey mixed landed housing development at Upper East Coast has been launched for en bloc sale via tender for $26 million, which works out to about $914 psf per plot ratio based on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cascadale-at-upper-changi-road-east-attempts-second-collective-sale\/","url_meta":{"origin":65708,"position":2},"title":"Cascadale at Upper Changi Road East attempts second collective sale","date":"October 2, 2019","format":false,"excerpt":"\r It has an owners\u2019 reserve price of $270 million that works out to around $1,065 per square foot (psf) per plot ratio (ppr). The 134-unit freehold residential development Cascadale, located near the Singapore Expo and the Singapore University of Technology & Design (SUTD), is attempting a collective sale for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cascadale-up-for-collective-sale-for-270m\/","url_meta":{"origin":65708,"position":3},"title":"Cascadale up for collective sale for $270m","date":"May 29, 2019","format":false,"excerpt":"\r The location is also attractive for redevelopment into serviced residences. Cascadale, a 134-unit condominium development along Upper Changi Road East, has been put up for collective sale with a reserve price of $270 million, revealed marketing agent JLL. This works out to a land rate of $1,071 per sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/05\/cascadale.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":107156,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-komo-in-changi-opens-for-preview-this-weekend\/","url_meta":{"origin":65708,"position":4},"title":"Parc Komo in Changi opens for preview this weekend","date":"May 16, 2019","format":false,"excerpt":"\r Parc Komo is pipped to be the most affordable freehold project with an average price of $1,450 psf. The Parc Komo mixed-use development in Changi will open for preview this Saturday (May 18), said its developer CEL Development. Sitting on a 202,000 sq ft freehold site, the project is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tai-wah-building-for-sale-at-81-million\/","url_meta":{"origin":65708,"position":5},"title":"Tai Wah Building for sale at $81 million","date":"October 9, 2017","format":false,"excerpt":"\r Built in the 1980s, Tai Wah Building comprises six apartments and two shops. (Photo: Edmund Tie & Company) The freehold Tai Wah Building at Killiney Road has been launched for collective sale after obtaining consent from all the owners, marketing agent Edmund Tie & Co. said on Monday (9\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\/65708"}],"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=65708"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=65708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=65708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=65708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}