{"id":72637,"date":"2017-11-23T10:22:54","date_gmt":"2017-11-23T03:22:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kismis-view-up-for-en-bloc-sale-for-102mil\/"},"modified":"2017-11-23T11:02:53","modified_gmt":"2017-11-23T04:02:53","slug":"kismis-view-up-for-en-bloc-sale-for-102mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kismis-view-up-for-en-bloc-sale-for-102mil\/","title":{"rendered":"Kismis View up for en bloc sale for $102mil"},"content":{"rendered":"


\nKismis View is a 99-year leasehold condominium development located at District 21. (Photo: JLL)
\nKismis View along Lorong Kismis within the Upper Bukit Timah area has been put up for en bloc sale, with the owners setting the minimum price at $102 million, revealed marketing agent JLL.
\nComprising 43 units spread across two four-storey and seven-storey apartment blocks, Kismis View has 64 years left on its lease.
\nThe 90,863 sq ft site is zoned for \u201cresidential\u201d use under the 2014 Master Plan, with a gross plot ratio of 1.4.
\nJLL noted that the site could be redeveloped into a low-rise housing development of up to five storeys, with a total gross floor area of around 139,929 sq ft including a 10 percent bonus balcony area. It could yield a maximum of 168 housing units, based on a minimum average size control of 70 sq m.
\nGiven the minimum price of $102 and an estimated differential premium of around $23 million, Kismis View\u2019s land cost works out to around $983 psf per plot ratio.
\n\u201cThis compared favourably with some nearby land sales such as the Government Land Sale site at Toh Tuck Road earlier this year, the predominantly residential mixed-use Goh & Goh Building site and the most recent Mayfair Gardens,\u201d it said.
\nJLL regional director Tan Hong Boon believes the site is attractive for developers \u201clooking to replenish their land bank in a mature established locale yet blessed with potential strong growth especially since the recent completion of Beauty World MRT Station and the renewed government plans with its surrounding parcels of state land slated for hotel, hospital and mixed commercial-residential uses.\u201d
\n\u201cWith a very manageable dollar quantum, sizeable potential upgraders from the nearby HDB estates as well as investor demand from the matured private housing owners in this Upper Bukit Timah locality, Kismis View is a desirable site of choice for developers.\u201d
\nThe tender for Kismis View will close on 17 January 2018.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Kismis View up for en bloc sale for 2mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kismis View is a 99-year leasehold condominium development located at District 21. (Photo: JLL) Kismis...<\/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-72637","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-iTz","jetpack-related-posts":[{"id":77624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kismis-view-sold-en-bloc-for-102-75m\/","url_meta":{"origin":72637,"position":0},"title":"Kismis View sold en bloc for $102.75m","date":"January 22, 2018","format":false,"excerpt":"\r The residents of the 43-unit residential development will receive gross sales proceeds ranging from $1.6 million to $3.3 million. (Photo: JLL) Kismis View, a 99-year leasehold condominium built in 1984 and sited on a 90,863 sq ft land parcel in Upper Bukit Timah, has been purchased via collective sale\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/roxy-pacific-has-big-plans-for-kismis-view-site\/","url_meta":{"origin":72637,"position":1},"title":"Roxy-Pacific has big plans for Kismis View site","date":"February 9, 2018","format":false,"excerpt":"\r A Roxy-Pacific led joint venture intends to combine the Kismis View site with an adjacent plot to create a huge residential redevelopment measuring 100,336 sq ft. (Photo: JLL) Following their $102.75 million en bloc purchase of the 90,863 sq ft Kismis View site last month, Roxy-Pacific Holdings and its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91214,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/roxy-pacific-set-to-redevelop-kismis-view-en-bloc-site\/","url_meta":{"origin":72637,"position":2},"title":"Roxy-Pacific set to redevelop Kismis View en bloc site","date":"June 12, 2018","format":false,"excerpt":"\r A Roxy-Pacific led joint venture intends to combine the Kismis View site with an adjacent plot to create a huge residential redevelopment measuring 100,336 sq ft. (Photo: JLL) Singapore-listed property developer Roxy-Pacific Holdings is poised to redevelop the Kismis View en bloc site after obtaining the necessary approvals, revealed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-freehold-landed-projects-off-upper-bukit-timah-launching-this-friday\/","url_meta":{"origin":72637,"position":3},"title":"2 freehold landed projects off Upper Bukit Timah launching this Friday","date":"January 3, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kismis Residences, the first new launch of 2018. \u00a0 Singapore-listed property developer Low Keng Huat is launching two new freehold landed housing projects this Friday (5 January) to kick off 2018, marketing agent ERA Realty Network revealed in a statement.\u00a0 ERA and OrangeTee & Tie are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72077,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vista-park-up-for-collective-sale-for-350mil\/","url_meta":{"origin":72637,"position":4},"title":"Vista Park up for collective sale for $350mil","date":"November 17, 2017","format":false,"excerpt":"\r Joining in the collective sale frenzy, Vista Park condominium has also launched a tender for en bloc sale, with the owners expecting offers of at least S$350 million, reported Business Times. At this price, each unit owner could gain between S$1.16 million and S$3.5 million, which is a premium\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jervois-green-sold-for-52-9mil-brookvale-park-up-for-en-bloc-sale\/","url_meta":{"origin":72637,"position":5},"title":"Jervois Green sold for $52.9mil, Brookvale Park up for en bloc sale","date":"December 7, 2017","format":false,"excerpt":"\r Singapore\u2019s collective sale market continued to heat up with the sale of\u00a0 Jervois Green and the launch of Brookvale Park. A four-storey freehold development at 100A Jervois Road, Jervois Green has been sold for $52.9 million to investors led by Mike Ho, third-generation owner of Spring Court, one of\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\/72637"}],"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=72637"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/72637\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=72637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=72637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=72637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}