{"id":68892,"date":"2017-10-12T21:30:22","date_gmt":"2017-10-12T14:30:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/another-condo-goes-en-bloc-this-time-in-bukit-timah\/"},"modified":"2017-10-12T22:04:44","modified_gmt":"2017-10-12T15:04:44","slug":"another-condo-goes-en-bloc-this-time-in-bukit-timah","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/another-condo-goes-en-bloc-this-time-in-bukit-timah\/","title":{"rendered":"Another condo goes en bloc, this time in Bukit Timah"},"content":{"rendered":"


\nBuilt in the 1980s, Royalville comprises 93 apartments and 11 shops. (Photo: Edmund Tie & Company)
\nThe en bloc frenzy continues after Royalville at Bukit Timah Road became the latest project to be put up for sale on Thursday (12 October).
\nThe freehold condominium in District 10 joins a growing list of ageing properties in prime districts that are trying their luck at a collective sale. This includes Cairnhill Mansions along Cairnhill Road which has an indicative price of $362 million, while the owners at Tai Wah Building along Killiney Road are hoping to get $81 million from a successful sale.
\nBuilt in the 1980s, Royalville comprises 93 apartments and 11 shops and sits on a sprawling site measuring 174,176 sq ft.
\nThe owners are asking for $368 million, which works out to a land rate of $1,509 psf per plot ratio. No development charge is payable.
\nUnder the 2014 Master Plan, the site is zoned residential with a gross plot ratio of 1.4.
\n\u201cThere has not been any freehold site of this size available for sale at Bukit Timah in the last 10 years,\u201d said Swee Shou Fern, senior director, investment advisory at marketing agent Edmund Tie & Co.
\nThe agency expects keen interest for the property, with the successful developer likely to redevelop the site into a luxury condominium of up to 323 units.\u00a0
\nRoyalville is a short walk from Sixth Avenue MRT station, and is also close to shops and eateries at The Grand Stand, Holland Village and Dempsey Hill.
\nThe future project will appeal to families as various schools are in the vicinity including Raffles Girls\u2019 Primary School, Hwa Chong Institution and National Junior College.
\nThe tender exercise will close on 10 November 2017. \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…Another condo goes en bloc, this time in Bukit Timah<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Built in the 1980s, Royalville comprises 93 apartments and 11 shops. (Photo: Edmund Tie &...<\/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-68892","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-hVa","jetpack-related-posts":[{"id":73625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-projects-sold-en-bloc-for-over-658mil\/","url_meta":{"origin":68892,"position":0},"title":"2 projects sold en bloc for over $658mil","date":"December 4, 2017","format":false,"excerpt":"\r Royalville attracted a total of nine bids which surpassed the $368m asking price. (Photo: Edmund Tie & Co) Marketing agent Edmund Tie & Co announced on Friday (1 December) that it successfully sold two existing developments via collective sale for a total of $658.59 million. In particular, Royalville in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/12\/Crystal-Tower-e1512356063925.jpg?fit=620%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":71438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/royalvilles-tender-closing-date-extended-to-30-nov\/","url_meta":{"origin":68892,"position":1},"title":"Royalville\u2019s tender closing date extended to 30 Nov","date":"November 10, 2017","format":false,"excerpt":"\r Royalville is a freehold apartment development completed in 1988 which comprises of 93 units. (Photo: Edmund Tie & Company) The tender closing date for Royalville at Bukit Timah Road will be extended from 10 November to 30 November, revealed its marketing agent Edmund Tie & Company. Nestled on a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mayfair-gardens-up-for-en-bloc-sale-at-265m\/","url_meta":{"origin":68892,"position":2},"title":"Mayfair Gardens up for en bloc sale at $265m","date":"October 23, 2017","format":false,"excerpt":"\r The asking price works out to a land rate of around $1,058 psf per plot ratio. (Photo: Knight Frank) Mayfair Gardens off Dunearn Road has been launched for collective sale, with the owners expecting offers above the reserve price of $265 million, according to marketing agent Knight Frank. Built\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-joins-en-bloc-sale-frenzy\/","url_meta":{"origin":68892,"position":3},"title":"Sixth Avenue Centre joins en bloc sale frenzy","date":"January 4, 2018","format":false,"excerpt":"\r Freehold mixed-use development Sixth Avenue Centre has jumped in the collective sales bandwagon, carrying an indicative guide price of $90.5 million. Factoring a development charge of around $526,000, the price works out to a land rate of $2,022 psf ppr, revealed marketing agent Savills Singapore. Occupying a land area\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-mayfair-gardens-to-preview-this-weekend\/","url_meta":{"origin":68892,"position":4},"title":"Oxley\u2019s Mayfair Gardens to preview this weekend","date":"September 13, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Mayfair Gardens, an upcoming high-end condo in Bukit Timah. Mayfair Gardens, a high-end private condominium with 215 units along Rifle Range Road in Bukit Timah, is set to open for preview this weekend (15-16 Sept), according to its developer Oxley Holdings. Inspired by the buildings in\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":68892,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68892"}],"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=68892"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=68892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=68892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=68892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}