{"id":69114,"date":"2017-10-16T10:48:23","date_gmt":"2017-10-16T03:48:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/leonie-gardens-owners-join-the-en-bloc-sale-fever\/"},"modified":"2017-10-16T11:04:09","modified_gmt":"2017-10-16T04:04:09","slug":"leonie-gardens-owners-join-the-en-bloc-sale-fever","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leonie-gardens-owners-join-the-en-bloc-sale-fever\/","title":{"rendered":"Leonie Gardens owners join the en bloc sale fever"},"content":{"rendered":"


\nA view of Leonie Gardens, a 99-years leasehold development completed in 1993 which comprises 138 units.
\nThe owners of upmarket condominium Leonie Gardens in Leonie Hill, off Grange and River Valley roads, have jumped into the collective sale bandwagon by forming a sales committee at an extraordinary meeting held on 30 September, reported The Straits Times.
\nMore than 50 percent of the owners who attended the meeting were in favour of the sale.
\nNestled on a 14,000 sq m site, Leonie Gardens comprises two 23-storey blocks as well as an eight-storey block. Completed in 1993, the 99-year leasehold property is located near the Somerset, Orchard and upcoming Great World City MRT stations.
\nIndustry watchers, however, noted that having a unique selling point could prove to be the key to a successful sale considering the possibility of more estates within the core central region going for en bloc sale.
\nMichael Tan, a member of the sales committee at Leonie Hills, said the development\u2019s good points is that it is located \u201cright at the top of the hill, and the slope up Leonie Hill is so pleasant and charming, away from the thoroughfare\u201d.
\nAside from this, the site\u2019s plot ratio of 2.8 allows tower blocks to rise up to 36 storeys, said Tan.
\nEdmund Tie & Company research head Dr Lee Nai Jia believes that developers may consider the site given that the location is good, \u201cbut whether the pricing fits their requirement is another thing\u201d.
\n\u201cThey will consider (whether) there is a freehold plot nearby. If it is about getting a 99-year site, why not consider Jiak Kim Street instead, with its Zouk identity?\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Leonie Gardens owners join the en bloc sale fever<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A view of Leonie Gardens, a 99-years leasehold development completed in 1993 which comprises 138...<\/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-69114","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-hYK","jetpack-related-posts":[{"id":89680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leonie-gardens-in-district-9-up-for-sale-at-800m\/","url_meta":{"origin":69114,"position":0},"title":"Leonie Gardens in District 9 up for sale at $800m","date":"May 28, 2018","format":false,"excerpt":"\r Leonie Gardens is located close to the Orchard and Somerset MRT stations, as well as the upcoming Great World station in River Valley Road. Leonie Gardens, a 138-unit condominium in prime District 9, was launched for collective sale on Saturday (26 May) with a reserve price of $800 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-most-searched-condos-for-sale-in-may\/","url_meta":{"origin":69114,"position":1},"title":"5 most searched condos for sale in May","date":"June 12, 2018","format":false,"excerpt":"\r The prestigious Marina One integrated development features luxury residences, Grade A offices and 140,000 sq ft of retail space. (Photo: M+S Pte Ltd) A 65,000 sq ft biodiversity garden, Singapore\u2019s longest man-made river and kitchenware designed by Porsche. 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Residential development Queen Astrid Gardens has been launched for collective sale for a guide price of $126.8 million or $2,037 per sq ft\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leading-questions-property-council-ceo-leonie-freeman\/","url_meta":{"origin":69114,"position":3},"title":"Leading questions: Property Council CEO Leonie Freeman","date":"January 3, 2019","format":false,"excerpt":"\r Leonie Freeman started as Property Council chief executive in December and hopes the Government will take a \"big picture look\" at the way cities are planned. Q: What is 2019 looking like for the council? 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