{"id":66072,"date":"2017-09-11T17:33:31","date_gmt":"2017-09-11T10:33:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-balestier-property-launched-for-sale\/"},"modified":"2017-09-11T17:38:30","modified_gmt":"2017-09-11T10:38:30","slug":"freehold-balestier-property-launched-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-balestier-property-launched-for-sale\/","title":{"rendered":"Freehold Balestier property launched for sale"},"content":{"rendered":"


\nMap showing the location of 10A Jalan Ampas in Balestier. Source: Savills
\nA freehold property at 10A Jalan Ampas in Balestier has been launched for sale at a guide price of $16.8 million, marketing agent Savills Singapore said on Monday (11 September).
\nLocated within an industrial cluster, the approximately 12,070 sq ft site is currently zoned for Business 1 use under the Master Plan 2014 with an allowable gross plot ratio (GPR) of 2.5.
\nSEE ALSO: Eye on Novena: Bridging the past and future
\nHowever, subject to the Urban Redevelopment Authority\u2019s approval and payment of development charges, the site could be rezoned as residential with a GPR of 2.8.
\nThe development charges are estimated at about $16.86 million, which works out to $996 psf of the maximum allowable gross floor area of 33,974 sq ft.
\nAccording to Savills, up to 44 apartments averaging around 753 sq ft could be built on the site.
\nNeighbouring sites that have been redeveloped from Business 1 use to residential projects include The Viridian and The Interweave. \u00a0
\nThe latest project to launch in the area is City Suites, which saw transactions this year range from $1,725 psf to $1,807 psf.
\n\u201cIt\u2019s not always that a boutique freehold residential site is readily available for sale. Being single-owner owned makes for a very efficient buying process as well,\u201d said Steven Ming, managing director, head of investment sales & residential services at Savills Singapore.
\n10A Jalan Ampas is located close to Zhongshan Mall, Whampoa Market and the upcoming Health City Novena.
\nThe tender exercise will close on 13 October.
\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…Freehold Balestier property launched for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Map showing the location of 10A Jalan Ampas in Balestier. Source: Savills A freehold property...<\/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-66072","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-hbG","jetpack-related-posts":[{"id":83933,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-acquires-ampas-apartments-in-balestier-for-95m\/","url_meta":{"origin":66072,"position":0},"title":"Oxley acquires Ampas Apartments in Balestier for $95m","date":"March 28, 2018","format":false,"excerpt":"\r The freehold Ampas Apartments comprises 43 units and has a site area of 30,239 sq ft. Homegrown developer Oxley Holdings has agreed to acquire all 43 units in the freehold Ampas Apartments for $95 million. This comes after its wholly-owned subsidiary Oxley Jasper exercised the option to purchase granted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-minbu-villa-up-for-collective-sale-again\/","url_meta":{"origin":66072,"position":1},"title":"Freehold condo Minbu Villa up for collective sale again","date":"November 21, 2018","format":false,"excerpt":"\r Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore) Minbu Villa, a 10-storey residential development comprising 33 apartments and a penthouse in Novena, is trying its luck at a collective sale again after its earlier attempt in March closed without a winning bid. While\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-kingsley-mansion-up-for-en-bloc-sale-at-45-5mil\/","url_meta":{"origin":66072,"position":2},"title":"Freehold condo Kingsley Mansion up for en bloc sale at $45.5mil","date":"August 14, 2018","format":false,"excerpt":"\r (Photo credit: Century21) Homeowners at Kingsley Mansion has decided to put the 18-unit residential development off Balestier Road up for en bloc sale for $45.5 million. The reserve price works out to a land rate of $1,132 per square feet per plot ratio (psf ppr) based on the site\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/minbu-villa-joins-en-bloc-frenzy-with-reserve-price-of-145-8m\/","url_meta":{"origin":66072,"position":3},"title":"Minbu Villa joins en bloc frenzy with reserve price of $145.8m","date":"March 14, 2018","format":false,"excerpt":"\r Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore) Minbu Villa, a 10-storey freehold residential development in Novena, has been launched for collective sale, said marketing agent Savills on Wednesday (14 Mar). The reserve price of $145.8 million works out to a land rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-condos-launched-for-en-bloc-sale\/","url_meta":{"origin":66072,"position":4},"title":"Two freehold condos launched for en bloc sale","date":"July 17, 2018","format":false,"excerpt":"\r Two freehold condominiums in Singapore\u2019s central area have been launched for collective sale despite the new property cooling measures, reported the Business Times. The 24-unit Summer Green in Balestier Road is up for grabs at a reserve price of $48 million, which works to around $1,178 psf per plot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-more-sites-up-for-collective-sale\/","url_meta":{"origin":66072,"position":5},"title":"Two more sites up for collective sale","date":"December 26, 2017","format":false,"excerpt":"\r Kovan Lodge is a freehold condominium development located at 51A, Kovan Road (S)548135 in District 19. The collective sales market continues to heat up with the launch of two more sites \u2013 the freehold development of Kovan Lodge and 43-unit Ampas Apartments, reported The Straits Times. Nestled on a\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\/66072"}],"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=66072"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}