{"id":75569,"date":"2018-01-02T10:06:33","date_gmt":"2018-01-02T03:06:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kovan-apartments-up-for-collective-sale-for-33mil\/"},"modified":"2018-01-02T11:02:53","modified_gmt":"2018-01-02T04:02:53","slug":"kovan-apartments-up-for-collective-sale-for-33mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kovan-apartments-up-for-collective-sale-for-33mil\/","title":{"rendered":"Kovan Apartments up for collective sale for $33mil"},"content":{"rendered":"


\nKovan Apartments, a four-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33 million, revealed marketing agent Savills Singapore.
\nThe asking price, however, excludes an estimated development charge of $2.57 million since the site is not fully built to its allowable plot ratio.
\nCompleted around 1995, the 16-unit freehold development has a site area of 21,193 sq ft and a plot ratio of 1.4 under the 2014 Masterplan. It is 700m away from Kovan MRT (NEL) station and is located directly opposite Kovan City, which comprises Heartland Mall, Kovan Market and Food Centre as well as various retail, services and F&B shops.
\nNearby schools include DIMENSIONS International College, Hillside World Academy, PLMGS, Maris Stella, Rosyth, Holy Innocents, CHIJ (OLCG) and Serangoon Junior College.
\nSavills noted that the site may be \u201credeveloped into a boutique development of gross floor area about 29,670 sq ft with 27 units averaging 1,075 sq ft\u201d.
\n\u201cFor the new owner or developer, they will be able to develop the site into a brand new five-storey boutique development with a basement car park and facilities plus beautiful balconies and roof gardens, subject to approvals,\u201d said Savills Singapore investment sales director Edmund Lee.
\nSavills expects the site to attract robust interests from established developers and new entrants and wealthy families who are looking to build a multi-generation residence for the family.
\nThe tender for Kovan Apartments will close on 5 February.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Kovan Apartments up for collective sale for mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kovan Apartments, a four-storey residential development along Kovan Road, has been put up for en...<\/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-75569","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-jER","jetpack-related-posts":[{"id":75259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-more-sites-up-for-collective-sale\/","url_meta":{"origin":75569,"position":0},"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":[]},{"id":96463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-property-cheng-hoe-house-at-kovan-road-up-for-collective-sale\/","url_meta":{"origin":75569,"position":1},"title":"Freehold property Cheng Hoe House at Kovan Road up for collective sale","date":"August 22, 2018","format":false,"excerpt":"\r Photo credits: Teakhwa Real Estate A group of eight townhouses along Kovan Road has been put up for collective sale for $28 million or $1,082.9 per square foot per plot ratio (psf ppr), inclusive of a $6.1 million development charge, reported the Business Times. Known as Cheng Hoe House,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-leasehold-residential-site-in-kovan-on-sale-for-18-million\/","url_meta":{"origin":75569,"position":2},"title":"999-year leasehold residential site in Kovan on sale for $18 million","date":"February 19, 2021","format":false,"excerpt":"\r 999-year leasehold residential site in Kovan on sale for $18 millionLocated within the mature Kovan estate, the 1,955.2 sq m (21,046 sq ft) site is zoned for residential use under the\u00a02019 Master Plan\u00a0with a plot ratio of 1.4 and is held by a single owner. Image: Edmund Tie A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/48-Hillside-Drive1774.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-residential-site-at-kovan-up-for-sale\/","url_meta":{"origin":75569,"position":3},"title":"999-year residential site at Kovan up for sale","date":"June 25, 2021","format":false,"excerpt":"\r 999-year residential site at Kovan up for saleThe 2.5 storey house at\u00a034 Jansen Road\u00a0features five bedrooms and a swimming pool, and has a site area of 9,617 sq ft. Photo: Colliers A 999-year leasehold residential site at 34 Jansen Road has been put up for sale via expression of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/34JansenRd-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/delta-shaped-site-at-62-florence-road-for-sale-for-s13-5m\/","url_meta":{"origin":75569,"position":4},"title":"Delta-shaped site at 62 Florence Road for sale for S$13.5m","date":"October 23, 2019","format":false,"excerpt":"\r The unique delta-shaped site is zoned Residential under the 2019 Draft Master Plan and has a land area of around 15,871 sq ft with a 1.4 plot ratio. A residential site located at 62 Florence Road, off Upper Serangoon Road, has been put up for sale by CBRE via\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jansen-mansions-goes-en-bloc-again-with-lower-reserve-price\/","url_meta":{"origin":75569,"position":5},"title":"Jansen Mansions goes en bloc again, with lower reserve price","date":"February 19, 2021","format":false,"excerpt":"\r Jansen Mansions goes en bloc again, with lower reserve priceThe $19.8 million price works out to a land rate of $879 per sq ft per plot ratio (psf ppr), inclusive of the development charge as well as the 7% bonus balcony space. 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