{"id":76976,"date":"2018-01-17T10:09:11","date_gmt":"2018-01-17T03:09:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/balmoral-gardens-launched-for-en-bloc-sale-owners-expect-over-92m\/"},"modified":"2018-01-17T11:05:39","modified_gmt":"2018-01-17T04:05:39","slug":"balmoral-gardens-launched-for-en-bloc-sale-owners-expect-over-92m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/balmoral-gardens-launched-for-en-bloc-sale-owners-expect-over-92m\/","title":{"rendered":"Balmoral Gardens launched for en bloc sale, owners expect over $92m"},"content":{"rendered":"


\nBalmoral Gardens, a 40-unit freehold condominium near Orchard Road, has joined the collective sales frenzy today (17 January), with owners expecting offers of more than $92 million.
\nAccording to sole marketing agent Huttons Asia, all residents have agreed to the en bloc sale.
\n\u201cWith full consensus from the owners, an approval from the Strata Titles Board for the sale is not required and the successful purchaser can take possession of the site upon the end of the vacant possession period and plan towards marketing and build the new development quickly,\u201d said Davidz Wan, Associate Group District Director at the property agency.
\nIncluding an estimated development charge of $18.1 million to attain the site\u2019s maximum permissible gross floor area (GFA), the land price amounts to around $1,872 psf per plot ratio (ppr).
\nThe condo in 11B Balmoral Road was completed in 1981. It stands on a regular-shaped plot within proximity to Newton, Orchard and Stevens MRT stations. Its land parcel measures 36,751.52 sq ft and has a plot ratio of 1.6, with a maximum allowable height of 12 storeys.
\nHuttons Asia\u2019s Head of Collective Sales Stephen Tan expects to see strong demand from developers as the rare freehold residential site is a short walk from Singapore\u2019s iconic Orchard Road shopping belt.
\nThe tender for Balmoral Gardens will close on 7 February 2018.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Balmoral Gardens launched for en bloc sale, owners expect over m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Balmoral Gardens, a 40-unit freehold condominium near Orchard Road, has joined the collective sales frenzy...<\/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-76976","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-k1y","jetpack-related-posts":[{"id":70504,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/11-balmoral-road-up-for-collective-sale-at-75-million\/","url_meta":{"origin":76976,"position":0},"title":"11 Balmoral Road up for collective sale at $75 million","date":"October 31, 2017","format":false,"excerpt":"\r Built in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks. (Photo: JLL) Property consultancy JLL has launched 11 Balmoral Road in prime District 10 for collective sale at $75 million. The asking price translates to a land rate of about $1,761 psf per plot ratio,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-tree-hill-gardens-sold-for-65m-in-first-en-bloc-sale-of-2017\/","url_meta":{"origin":76976,"position":1},"title":"One Tree Hill Gardens sold for $65m in first en bloc sale of 2017","date":"May 6, 2017","format":false,"excerpt":"\r The sale price is less than the over $72.8 million that owners initially expected. (Photo: Knight Frank) One Tree Hill Gardens off Orchard Boulevard has been sold for $65 million to a subsidiary of construction and property development company Lum Chang Group, said marketing agent Knight Frank on Friday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/need-for-realistic-expectations-amid-expected-hike-in-en-bloc-sales\/","url_meta":{"origin":76976,"position":2},"title":"Need for realistic expectations amid expected hike in en bloc sales","date":"April 12, 2017","format":false,"excerpt":"\r The limited supply of land sites has resulted in more developers going after projects put up for collective sale. While the residential collective sales market is expected to pick up this year, experts have called on owners of residential developments to be realistic with their expectations, reported Channel NewsAsia.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83739,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-set-2-48b-price-tag-for-mandarin-gardens\/","url_meta":{"origin":76976,"position":3},"title":"Owners set $2.48b price tag for Mandarin Gardens","date":"March 26, 2018","format":false,"excerpt":"\r The overall cost for Mandarin Gardens could shoot up to $4.09 billion, taking into account the development charge and lease top-up. Residents at Mandarin Gardens approved the $2.48 billion selling price on Sunday (26 March), but they are still currently gathering the signatures of at least 80 percent of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/queen-astrid-gardens-up-for-en-bloc-sale-owners-expect-126-8mil-for-gcba-site\/","url_meta":{"origin":76976,"position":4},"title":"Queen Astrid Gardens up for en bloc sale, owners expect $126.8mil for GCBA site","date":"September 3, 2020","format":false,"excerpt":"\r The 999-year leasehold, four-storey condominium comprises 16 residential units and sits on the Queen Astrid Park Good Class Bungalow Area (GCBA). Photo: Knight Frank Pte Ltd. Residential development Queen Astrid Gardens has been launched for collective sale for a guide price of $126.8 million or $2,037 per sq ft\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105399,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-gardens-en-bloc-attempt-fails-to-take-off\/","url_meta":{"origin":76976,"position":5},"title":"Mandarin Gardens en bloc attempt fails to take off","date":"March 26, 2019","format":false,"excerpt":"\r The asking price for the development was raised after the owners discovered that the land parcel was undervalued. The en bloc sale attempt of Mandarin Gardens failed to take off even as the asking price was raised to a record high of $2.927 billion, reported the New Paper. This\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\/76976"}],"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=76976"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/76976\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=76976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=76976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=76976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}