{"id":70504,"date":"2017-10-31T12:00:57","date_gmt":"2017-10-31T05:00:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/11-balmoral-road-up-for-collective-sale-at-75-million\/"},"modified":"2017-10-31T13:02:59","modified_gmt":"2017-10-31T06:02:59","slug":"11-balmoral-road-up-for-collective-sale-at-75-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/11-balmoral-road-up-for-collective-sale-at-75-million\/","title":{"rendered":"11 Balmoral Road up for collective sale at $75 million"},"content":{"rendered":"


\nBuilt in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks. (Photo: JLL)
\nProperty consultancy JLL has launched 11 Balmoral Road in prime District 10 for collective sale at $75 million.
\nThe asking price translates to a land rate of about $1,761 psf per plot ratio, inclusive of the development charge which is estimated to be around $10 million.
\nThis is the development\u2019s first collective sale attempt with 100 percent owners\u2019 consent. As such, Strata Titles Board approval for the sale is not required.
\nBuilt in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks.\u00a0
\nThe 30,200 sq ft site is zoned residential with a gross plot ratio of 1.6 under the 2014 Master Plan. It could be redeveloped into a high-end condominium of up to 12 storeys.
\nSubject to design and approval from the Urban Redevelopment Authority, a developer may potentially configure the allowable gross floor area of 48,320 sq ft up to a maximum of 64 apartments.
\nThe site is a short walk from Newton MRT interchange, which connects to Orchard Road and the Botanic Gardens. Nearby schools include Singapore Chinese Girls\u2019 School and Anglo-Chinese School (Primary).
\n\u201c11 Balmoral Road is a compelling offering of a freehold site with manageable quantum. It is expected to attract a wide pool of developers due to its affordability and a very prime location,\u201d said Tan Hong Boon, regional director at JLL.
\nThe tender exercise closes on 29 November.
\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…11 Balmoral Road up for collective sale at million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Built in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks. (Photo:...<\/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-70504","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-ila","jetpack-related-posts":[{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":70504,"position":0},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-albracca-sold-collectively-for-69m\/","url_meta":{"origin":70504,"position":1},"title":"The Albracca sold collectively for $69m","date":"July 21, 2017","format":false,"excerpt":"\r The 10-storey apartment at Meyer Road was completed in 1990 and comprises 11 units. (Photo: JLL) The Albracca apartment at Meyer Road has been sold in a collective sale to property developer Sustained Land for $69.119 million, revealed marketing agent JLL. The price works out to $1,409 psf per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/florence-regency-up-for-collective-sale\/","url_meta":{"origin":70504,"position":2},"title":"Florence Regency up for collective sale","date":"August 22, 2017","format":false,"excerpt":"\r Built in the late 1980s, Florence Regency comprises 336 units of apartments and maisonettes. It has a gross plot ratio of 2.8 and a site area of 389,236 sq ft. With 71 years left on its lease, the site could yield up to 1,300 apartment units. (Photo: JLL) Former\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24499,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/raintree-gardens-launched-for-sale-for-at-least-315m\/","url_meta":{"origin":70504,"position":3},"title":"Raintree Gardens launched for sale for at least $315m","date":"August 31, 2016","format":false,"excerpt":"\r The Potong Pasir site could be redeveloped into a 600- to 748-unit waterfront condominium. Source: JLL A 175-unit river-fronting residential development in Potong Pasir was launched for sale on Wednesday (31 August), revealed sole marketing agent JLL. Built in the late 1980s, Raintree Gardens is a former HUDC estate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/peace-centre-peace-mansion-sold-for-650mil\/","url_meta":{"origin":70504,"position":4},"title":"Peace Centre, Peace Mansion sold for $650mil","date":"December 9, 2021","format":false,"excerpt":"\r Located along Sophia Road, Peace Centre and Peace Mansion\u00a0occupy a 76,617 sq ft site. Source: Google\u00a0Maps After five tries at a collective sale, the shopping mall Peace Centre and apartment complex Peace Mansion have finally been sold for $650 million to a joint venture comprising Sing Haiyi Crystal, CEL\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Peace-Centre-Peace-Mansion-Building-photo-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":64818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-and-jervois-gardens-launched-for-sale\/","url_meta":{"origin":70504,"position":5},"title":"Amber Park and Jervois Gardens launched for sale","date":"August 29, 2017","format":false,"excerpt":"\r View of Amber Park, which is expected to be redeveloped into a high-rise project with sea views. (Photo: JLL) The collective sales market continues to roll on with two freehold residential developments \u2013 Amber Park and Jervois Gardens \u2013 launched for tender. Located along Amber Road in Katong, Amber\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\/70504"}],"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=70504"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/70504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=70504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=70504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=70504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}