{"id":77830,"date":"2018-01-24T10:55:58","date_gmt":"2018-01-24T03:55:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-joins-collective-sale-frenzy-with-168mil-tag\/"},"modified":"2018-01-24T11:02:48","modified_gmt":"2018-01-24T04:02:48","slug":"makeway-view-joins-collective-sale-frenzy-with-168mil-tag","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-joins-collective-sale-frenzy-with-168mil-tag\/","title":{"rendered":"Makeway View joins collective sale frenzy with $168mil tag"},"content":{"rendered":"


\nSingapore\u2019s collective sale market continues to heat up with the recent launch of Makeway View, a freehold residential development in Newton.
\nFeaturing 28 apartments and four penthouses, the 10-storey development carries an asking price of $168 million. Inclusive of the development charge of $17 million, the price works out to a land rate of $1,589 psf per plot ratio, reported Business Times.
\nZoned residential under the 2014 Master Plan, the 3,863.1 sq m (41,582 sq ft) site has a gross plot ratio of 2.8.
\nMarketing agent Edmund Tie & Company (SEA) noted that the site may be developed into a high-rise apartment block of about 154 units, assuming an average size of 70 sq m, and subject to the approval of relevant authorities.
\n\u201cThe corner site will potentially allow the developer flexibility to design units with 180 degrees unobstructed panoramic views of the city and the lush greenery in its surroundings,\u201d said Swee Shou Fern, senior director for investment advisory at Edmund Tie & Company.
\nThe tender for Makeway View will close on 7 March.
\nNotably, Fitch Ratings expect home prices in Singapore to increase further by four percent, reported Singapore Business Review.
\nThis comes as the city-state reversed almost four years of price drops as recent supply is absorbed and following a modest easing in property cooling measures, said Fitch Ratings.
\nIn fact, the increase in home prices currently bucks the trend of decline seen in large housing markets such as Australia and China.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Makeway View joins collective sale frenzy with 8mil tag<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore\u2019s collective sale market continues to heat up with the recent launch of Makeway View,...<\/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-77830","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-kfk","jetpack-related-posts":[{"id":81171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/","url_meta":{"origin":77830,"position":0},"title":"The Estoril, Tulip Garden up for collective sale","date":"February 27, 2018","format":false,"excerpt":"\r Aerial view of Tulip Garden. (Photo: Colliers International) Two residential developments in prime district 10 \u2013 The Estoril and Tulip Garden \u2013 recently joined the en bloc sale bandwagon. Located at 95 & 97 Holland Road, The Estoril carries a guide price of $220 million, or around $1,625 psf\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122835,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil\/","url_meta":{"origin":77830,"position":1},"title":"High Point makes second collective sale attempt, price unchanged at $550mil","date":"October 27, 2021","format":false,"excerpt":"\r High Point, is located at 30 Mount Elizabeth and is making its second collective sale attempt for $550 million or $2,508 per sq ft per plot ratio, after factoring in balconies. High Point, a 22-storey residential development at the peak of Mount Elizabeth within the Orchard Road residential area,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HighPoint-30-Mount-Elizabeth-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":74512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parkway-mansion-sold-for-146-99mil-to-sustained-land-led-consortium\/","url_meta":{"origin":77830,"position":2},"title":"Parkway Mansion sold for $146.99mil to Sustained Land-led consortium","date":"December 14, 2017","format":false,"excerpt":"\r After two failed attempts at a collective sale, Parkway Mansion has finally been sold to a consortium led by Sustained Land Pte Ltd for $146.99 million. Colliers International revealed that the sale price was 6.5 percent higher than the owners\u2019 guide price of $138 million during the tender launched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sixth-avenue-centre-up-for-collective-sale-for-85mil\/","url_meta":{"origin":77830,"position":3},"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":119997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-emily-residential-buildings-on-sale-for-18mil\/","url_meta":{"origin":77830,"position":4},"title":"Mount Emily residential buildings on sale for $18mil","date":"January 19, 2021","format":false,"excerpt":"\r Mount Emily residential buildings on sale for $18milLocated 200 m away from Little India MRT interchange, the freehold properties\u00a0are near Mount Emily Park, Orchard Road and the central business district. Image: Edmund Tie & Company A portfolio of three freehold residential buildings at 2, 4 and 6 Mount Emily\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/2-4-6-Mount-Emily-Road.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":77830,"position":5},"title":"Two small condo projects up for en bloc sale","date":"July 5, 2018","format":false,"excerpt":"\r The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. 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