{"id":76318,"date":"2018-01-11T19:30:00","date_gmt":"2018-01-11T12:30:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/summer-green-in-balestier-up-for-en-bloc-sale\/"},"modified":"2018-01-11T20:03:01","modified_gmt":"2018-01-11T13:03:01","slug":"summer-green-in-balestier-up-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summer-green-in-balestier-up-for-en-bloc-sale\/","title":{"rendered":"Summer Green in Balestier up for en bloc sale"},"content":{"rendered":"


\nThe 24-unit apartment has a guide price of over $48.5 million. (Photo: Knight Frank)
\nAnother residential development, this time off Balestier Road, has been put up for collective sale, said marketing agent Knight Frank on Thursday (11 January).
\nThe freehold Summer Green apartment block comprises 24 units and has a guide price of over $48.5 million. This works out to a land rate of about $1,188 psf per plot ratio, inclusive of a development charge of around $253,000.
\nThe approximately 14,646 sq ft site has been zoned for residential use with a plot ratio of 2.8 under the 2014 Master Plan.
\nSummer Green is located close to shops and eateries at Novena Square and United Square, Orchard Road and the Central Business District.
\n\u201cBalestier is currently undergoing great rejuvenation with the opening of Zhongshan Mall, Ibis Singapore Novena and HealthCity Novena. At the same time, we continue to see heightened interest for redevelopment sites, especially for boutique redevelopment sites with gross development value of below $100 million,\u201d said Ian Loh, executive director and head, investment and capital markets, Knight Frank Singapore.
\nLoh noted that a buyer could potentially configure the maximum permissible gross floor area of approximately 41,010 sq ft into 54 apartments with an average size of 753 sq ft, subject to the Urban Redevelopment Authority\u2019s approval.
\nThe tender exercise for Summer Green will close on 12 February.
\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…Summer Green in Balestier up for en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 24-unit apartment has a guide price of over $48.5 million. (Photo: Knight Frank) Another...<\/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-76318","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-jQW","jetpack-related-posts":[{"id":91726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kemaman-point-in-district-12-sold-en-bloc-to-soilbuild-for-143-88m\/","url_meta":{"origin":76318,"position":0},"title":"Kemaman Point in District 12 sold en bloc to Soilbuild for $143.88m","date":"June 19, 2018","format":false,"excerpt":"\r The sale price of Kemaman Point works out to a land rate of about $1,173 psf ppr. (Photo: Knight Frank) Soilbuild Group has emerged victorious in the tender for the en bloc sale of Kemaman Point off\u00a0 Balestier Road in District 12, with a $143.88 million bid. Marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-condos-launched-for-en-bloc-sale\/","url_meta":{"origin":76318,"position":1},"title":"Two freehold condos launched for en bloc sale","date":"July 17, 2018","format":false,"excerpt":"\r Two freehold condominiums in Singapore\u2019s central area have been launched for collective sale despite the new property cooling measures, reported the Business Times. The 24-unit Summer Green in Balestier Road is up for grabs at a reserve price of $48 million, which works to around $1,178 psf per plot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kemaman-point-up-for-en-bloc-sale-with-143-8m-reserve-price\/","url_meta":{"origin":76318,"position":2},"title":"Kemaman Point up for en bloc sale with $143.8m reserve price","date":"May 8, 2018","format":false,"excerpt":"\r Completed in 1993, the 89-unit Kemaman Point is located close to Novena MRT station. (Photo: Knight Frank) Kemaman Point, a freehold condominium off Balestier Road in District 12, was launched for collective sale on Monday (7 May) with a reserve price of $143.8 million, said marketing agent Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89266,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/balestier-regency-in-district-12-up-for-en-bloc-sale\/","url_meta":{"origin":76318,"position":3},"title":"Balestier Regency in District 12 up for en bloc sale","date":"May 24, 2018","format":false,"excerpt":"\r Balestier Regency is located close to the Toa Payoh and Novena MRT stations. (Photo: Teakhwa Real Estate) The Balestier Regency freehold condominium was put up for collective sale on Wednesday (23 May) at an indicative price of at least $218 million, reported the Business Times. According to marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-kingsley-mansion-up-for-en-bloc-sale-at-45-5mil\/","url_meta":{"origin":76318,"position":4},"title":"Freehold condo Kingsley Mansion up for en bloc sale at $45.5mil","date":"August 14, 2018","format":false,"excerpt":"\r (Photo credit: Century21) Homeowners at Kingsley Mansion has decided to put the 18-unit residential development off Balestier Road up for en bloc sale for $45.5 million. The reserve price works out to a land rate of $1,132 per square feet per plot ratio (psf ppr) based on the site\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66072,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-balestier-property-launched-for-sale\/","url_meta":{"origin":76318,"position":5},"title":"Freehold Balestier property launched for sale","date":"September 11, 2017","format":false,"excerpt":"\r Map showing the location of 10A Jalan Ampas in Balestier. Source: Savills A freehold property at 10A Jalan Ampas in Balestier has been launched for sale at a guide price of $16.8 million, marketing agent Savills Singapore said on Monday (11 September). Located within an industrial cluster, the approximately\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\/76318"}],"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=76318"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/76318\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=76318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=76318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=76318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}