{"id":78643,"date":"2018-02-01T09:50:45","date_gmt":"2018-02-01T02:50:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-park-towers-launched-for-collective-sale\/"},"modified":"2018-02-01T10:02:49","modified_gmt":"2018-02-01T03:02:49","slug":"katong-park-towers-launched-for-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-park-towers-launched-for-collective-sale\/","title":{"rendered":"Katong Park Towers launched for collective sale"},"content":{"rendered":"


\nLocated close to a future MRT station, the property has a reserve price of $288 million. (Photo: Cushman & Wakefield)
\nOffering a compelling opportunity for the development of an exclusive condominium within an affluent neighbourhood in Katong, Katong Park Towers has been put up for en bloc sale carrying a reserve price of $288 million, reported the Business Times.
\nMarketing agent Cushman & Wakefield said the price works out to a land rate of $1,165 psf per plot ratio (psf ppr).
\nThere is a small development charge of around $5.6 million for the site\u2019s additional 10 percent bonus balcony space and a lease upgrading premium of around $51 million, revealed Cushman & Wakefield\u2019s capital markets director Christina Sim.
\nWith a land area of about 140,758 sq ft, the 99-year leasehold site is located at 114A Arthur Road, near the future Katong Park MRT station, which is slated for completion in 2023. It is zoned for residential use with a plot ratio of 2.1 under the 2014 Master Plan and has a maximum building height of 24 storeys.
\nCushman & Wakefield noted that the site could yield around 388 housing units with an average size of approximately 753 sq ft each, subject to the relevant authorities\u2019 approval.
\nIt is also close to various schools including Dunman High School, Chung Cheng High School and the Canadian International School.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Katong Park Towers launched for collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located close to a future MRT station, the property has a reserve price of $288...<\/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-78643","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-ksr","jetpack-related-posts":[{"id":82875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-park-towers-sold-to-bukit-sembawang-for-345-million\/","url_meta":{"origin":78643,"position":0},"title":"Katong Park Towers sold to Bukit Sembawang for $345 million","date":"March 16, 2018","format":false,"excerpt":"\r The sale price is about 20 percent above the reserve price of $288 million. (Photo: Cushman & Wakefield) Katong Park Towers in District 15 has been sold to a subsidiary of Bukit Sembawang Estates for $345 million, about 20 percent above the reserve price of $288 million, said Cushman\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/united-mansion-up-for-en-bloc-sale-with-reserve-price-of-98m\/","url_meta":{"origin":78643,"position":1},"title":"United Mansion up for en bloc sale with reserve price of $98m","date":"April 9, 2018","format":false,"excerpt":"\r Completed in 1968, United Mansion in Siglap is located close to Parkway Parade, I12 Katong and various schools. (Photo: Cushman & Wakefield) The freehold United Mansion development at 592 to 614 East Coast Road has been launched for collective sale at a reserve price of $98 million, marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69988,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-fever-spreads-to-commercial-properties\/","url_meta":{"origin":78643,"position":2},"title":"En bloc fever spreads to commercial properties","date":"October 25, 2017","format":false,"excerpt":"\r View of Singapore skyline. (Photo: Wikimedia Commons) More commercial and mixed-use projects are joining the en bloc sales frenzy after a number of residential developments have successfully changed hands, reported the Business Times. For instance, three integrated developments have been launched for collective sale. Owners of the freehold Tai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88231,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldhill-shopping-centre-in-novena-on-sale-for-425m\/","url_meta":{"origin":78643,"position":3},"title":"Goldhill Shopping Centre in Novena on sale for $425m","date":"May 15, 2018","format":false,"excerpt":"\r The asking price works out to a land rate of about $2,597 psf per plot ratio. (Photo: Cushman & Wakefield) Goldhill Shopping Centre in Novena has been put up for en bloc sale with a reserve price of $425 million \u2013 making it this year\u2019s first full commercial collective\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dalvey-court-in-district-10-up-for-en-bloc-sale-at-160m\/","url_meta":{"origin":78643,"position":4},"title":"Dalvey Court in District 10 up for en bloc sale at $160m","date":"June 26, 2018","format":false,"excerpt":"\r Dalvey Court is located close to Stevens MRT station and the Singapore Botanic Gardens. (Photo: Cushman & Wakefield) Dalvey Court, a freehold nine-storey residential development at 28 Dalvey Estate in District 10, has been put up for en bloc sale with a reserve price of $160 million, revealed marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-up-for-en-bloc-sale-at-asking-price-of-218m\/","url_meta":{"origin":78643,"position":5},"title":"Eunos Mansion up for en bloc sale at asking price of $218m","date":"January 23, 2018","format":false,"excerpt":"\r Built in the mid-1980s, Eunos Mansion features 107 apartments. (Photo: Cushman & Wakefield) The freehold Eunos Mansion development has been put up for collective sale with a reserve price of $218 million, which works out to $1,219 psf per plot ratio, revealed marketing agent Cushman & Wakefield. Situated along\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\/78643"}],"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=78643"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78643\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}