{"id":75753,"date":"2018-01-04T09:49:16","date_gmt":"2018-01-04T02:49:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-joins-en-bloc-sale-frenzy\/"},"modified":"2018-01-04T10:04:37","modified_gmt":"2018-01-04T03:04:37","slug":"sixth-avenue-centre-joins-en-bloc-sale-frenzy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-joins-en-bloc-sale-frenzy\/","title":{"rendered":"Sixth Avenue Centre joins en bloc sale frenzy"},"content":{"rendered":"


\nFreehold mixed-use development Sixth Avenue Centre has jumped in the collective sales bandwagon, carrying an indicative guide price of $90.5 million.
\nFactoring 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.
\nOccupying a land area of 1,394.4 sq m, Sixth Avenue Centre was completed in the 1980s, featuring seven shops and 18 apartments.
\nThe site, which is zoned for commercial and residential use, has a gross plot ratio of 3 under the 2014 Master Plan. It may be developed up to five-storeys with an allowable gross floor area of 4,183.2 sq m.
\nSubject to the relevant authorities\u2019 approvals, the site can accommodate a development with retail component and 35 apartments with a total gross floor area of 18,011 sq ft and 27,017 sq ft, respectively.
\nIt is situated directly opposite the Guthrie House and is just 150 m from the Sixth Avenue MRT station. Enjoying a double street frontage along the main Bukit Timah Road and Sixth Avenue, the site is also a short drive to The Grandstand, in the Dempsey Hill and Holland Village enclave as well as the Botanic Gardens. Nearby schools include Raffles Girls\u2019 Primary School, Nanyang Primary School and Henry Park Primary School.
\n\u201cAmidst the redevelopment of Royalville and the Fourth Avenue GLS site in the near future, Sixth Avenue Centre presents a rare freehold opportunity for developers to acquire a boutique site with complementary retail redevelopment options in this tightly held commercial cluster,\u201d said Savills Singapore investment sales senior director Suzie Mok.
\n\u201cThe unique retail proposition will add buzz and create a new focal point underpinned by existing shopping and dining amenities. We expect keen contest from developers as this is the only mixed use site available for sale in the locale.\u201d
\nThe tender for Sixth Avenue Centre will close on 31 January.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sixth Avenue Centre joins en bloc sale frenzy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Freehold mixed-use development Sixth Avenue Centre has jumped in the collective sales bandwagon, carrying an...<\/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-75753","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-jHP","jetpack-related-posts":[{"id":123179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-up-for-collective-sale-for-85mil\/","url_meta":{"origin":75753,"position":0},"title":"Sixth Avenue Centre up for collective sale for $85mil","date":"November 12, 2021","format":false,"excerpt":"\r Located at 805 Bukit Timah Road, Sixth Avenue Centre sits on a 15,009 sq ft land plot. Source: Google Maps Sixth Avenue Centre, a 40-year-old mixed-development at 805 Bukit Timah Road, has been put up for collective sale carrying a reserve price of $85 million, revealed exclusive marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/sixth-avenue-centre.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/siglap-shopping-centre-relaunched-for-en-bloc-sale-price-unchanged-at-120mil\/","url_meta":{"origin":75753,"position":1},"title":"Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120mil","date":"August 5, 2021","format":false,"excerpt":"\r Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120milThe site could be developed into a \u201cprominent\u00a0mixed-use development\u00a0that caters to the lifestyles of residents in the vicinity. Photo: OrangeTee Advisory Siglap Shopping Centre along East Coast Road has been relaunched for collective sale via public tender with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Siglap-Shopping-Centre-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":119946,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjoining-sites-at-bukit-timah-dukes-road-up-for-collective-sale\/","url_meta":{"origin":75753,"position":2},"title":"Adjoining sites at Bukit Timah, Duke's Road up for collective sale","date":"January 27, 2021","format":false,"excerpt":"\r Adjoining sites at Bukit Timah, Duke's Road up for collective saleWith an area of 16,479 sq ft, the freehold site is zoned for residential and commercial use under the\u00a02019 Master Plan. Image: Google Street View Three adjoining mixed-use redevelopment sites located at 551 to 553 Bukit Timah Road and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/551-to-553-Bukit-Timah-Rd.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113445,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-court-up-for-en-bloc-sale-with-28m-reserve-price\/","url_meta":{"origin":75753,"position":3},"title":"Green Court up for en bloc sale, with $28m reserve price","date":"January 7, 2020","format":false,"excerpt":"\r The three-storey commercial and residential development comprises three ground floor shops as well as six two-storey walk-up apartments on the second level. Green Court, a freehold mixed-use development situated along Geylang Road, is up for en bloc sale. The owners are expecting offers above their $28 million reserve price,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52265,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sp-setia-bags-toh-tuck-road-for-s265m\/","url_meta":{"origin":75753,"position":4},"title":"SP Setia bags Toh Tuck Road for S$265m","date":"April 19, 2017","format":false,"excerpt":"\r Image: Artist impression of Eco Sanctuary by SP Setia The Urban Redevelopment Authority (URA) announced on Tuesday (18 April) that a 18,721 sq m. (201,511 sq ft.) residential site at Toh Tuck Road in Singapore has been awarded to a subsidiary of Malaysian developer SP Setia after it submitted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24366,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-bay-white-site-launched-for-sale\/","url_meta":{"origin":75753,"position":5},"title":"Marina Bay white site launched for sale","date":"August 30, 2016","format":false,"excerpt":"\r Map showing the location of the white site. Source: URA A 1.1ha white site along Central Boulevard in Marina Bay was launched for sale by the Urban Redevelopment Authority (URA) on Tuesday (30 August), after a Chinese developer reportedly triggered its release earlier this month. Although the identity of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/08\/Aerial-view-of-Central-Boulevard-site-1.jpg?fit=510%2C732&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75753"}],"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=75753"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}