{"id":78031,"date":"2018-01-26T11:27:05","date_gmt":"2018-01-26T04:27:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-horizon-gardens-owners-elect-en-bloc-sales-committee\/"},"modified":"2018-01-26T12:06:04","modified_gmt":"2018-01-26T05:06:04","slug":"far-horizon-gardens-owners-elect-en-bloc-sales-committee","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-horizon-gardens-owners-elect-en-bloc-sales-committee\/","title":{"rendered":"Far Horizon Gardens owners elect en bloc sales committee"},"content":{"rendered":"


\nThe owners of Far Horizon Gardens (FHG) has elected a collective sales committee, adding to the city-state\u2019s growing list of collective sales hopefuls.
\n\u201cThe main motivation for the FHG collective sale committee is to address the ageing estate (35 years out of a 99-year lease), and to unlock the property value for the individual sub-proprietor,\u201d said deputy chairman of the committee, Loh Choon Seng.
\nSituated at Ang Mo Kio Avenue 9, the 272-unit development has a land area of around 430,000 sq ft and a gross plot ratio of 1.4, reported Business Times. It is near Yio Chu Kang MRT station, as well as Mayflower and Lentor stations on the Thomson-East Coast Line, which is due in 2020.
\nThe latest transaction for FHG involved the resale of a 1,948 sq ft unit for $1.62 million in December 2017, which works out to a unit price of $832 psf.
\nOn the rental arena, a two- and three-bedroom unit was rented for $1,900 and $3,200, respectively, in December, showed statistics from the Urban Redevelopment Unit.
\nMeanwhile, the committee is now shortlisting managing agents for the estate, with the tender expected to be called in 2H 2018.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Far Horizon Gardens owners elect en bloc sales committee<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners of Far Horizon Gardens (FHG) has elected a collective sales committee, adding to...<\/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-78031","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-kiz","jetpack-related-posts":[{"id":77930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mega-developments-take-collective-sale-fever-to-new-level\/","url_meta":{"origin":78031,"position":0},"title":"Mega developments take collective sale fever to new level","date":"January 25, 2018","format":false,"excerpt":"\r Analysts believe that the entry of mega developments or sites with more than one million sq ft, will take the latest en bloc fever to a new level, reported The Straits Times. The most recent to get on the bandwagon is the 1,006-unit Mandarin Gardens, the owners of which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ridgewood-condo-mulls-en-bloc-sale\/","url_meta":{"origin":78031,"position":1},"title":"Ridgewood condo mulls en bloc sale","date":"September 28, 2017","format":false,"excerpt":"\r The owners of the 464-unit Ridgewood Condominium along Mount Sinai Drive in District 10 plans to hold an extraordinary general meeting on 14 October to vote on whether to create a collective sale committee, reported the New Paper. Constructed in 1981, the 999-year leasehold property with an overall area\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104953,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-gardens-raises-asking-price-to-whooping-2-9bil\/","url_meta":{"origin":78031,"position":2},"title":"Mandarin Gardens raises asking price to whooping $2.9bil","date":"March 13, 2019","format":false,"excerpt":"\r If the sale goes through, the owners would receive between $1.86 million and $5.98 million depending on their unit size. The Collective Sale Committee (CSC) of Mandarin Gardens has again raised the development\u2019s reserve price from $2.79 billion to a new record asking price of $2.927 billion, despite the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-gardens-raises-asking-price-to-whopping-2-9bil\/","url_meta":{"origin":78031,"position":3},"title":"Mandarin Gardens raises asking price to whopping $2.9bil","date":"March 13, 2019","format":false,"excerpt":"\r If the sale goes through, the owners would receive between $1.86 million and $5.98 million depending on their unit size. The Collective Sale Committee (CSC) of Mandarin Gardens has again raised the development\u2019s reserve price from $2.79 billion to a new record asking price of $2.927 billion, despite the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-collective-sale-finally-gets-green-light\/","url_meta":{"origin":78031,"position":4},"title":"Cairnhill Mansions collective sale finally gets green light","date":"October 8, 2018","format":false,"excerpt":"\r The penthouse owner who opposed the sale will receive $16 million for her 8,525 sq ft unit, up from the $15.2 million that she was supposed to get. (Photo: CBRE) The en bloc sale of Cairnhill Mansions will finally proceed at $362 million, following a settlement with the penthouse\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condo-eyeing-en-bloc-sale-site-bigger-than-shunfu-ville\/","url_meta":{"origin":78031,"position":5},"title":"Lakepoint condo eyeing en bloc sale, site bigger than Shunfu Ville","date":"July 26, 2017","format":false,"excerpt":"\r View of the Lakepoint condominium at Lakepoint Drive. (Photo: Jianwei Huang) Owners of the ageing Lakepoint condominium near Lakeside MRT station are believed to be exploring opportunities to go en bloc in the next two years, or even earlier, according to some residents with knowledge of the matter. PropertyGuru\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\/78031"}],"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=78031"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78031\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}