{"id":79190,"date":"2018-02-07T09:46:37","date_gmt":"2018-02-07T02:46:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pacific-mansion-up-for-en-bloc-sale-for-938m\/"},"modified":"2018-02-07T10:05:15","modified_gmt":"2018-02-07T03:05:15","slug":"pacific-mansion-up-for-en-bloc-sale-for-938m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pacific-mansion-up-for-en-bloc-sale-for-938m\/","title":{"rendered":"Pacific Mansion up for en bloc sale for $938m"},"content":{"rendered":"


\nThe prime freehold site in District 9 is located next to the upcoming Great World MRT station. (Photo: CBRE)
\nPacific Mansion, a freehold residential development along River Valley Close, has been put up for collective sale at a reserve price of $938 million, or $1,728 psf per plot ratio (psf ppr), revealed marketing agent CBRE.
\nThe development is nestled on a 128,352 sq ft site, which is zoned for residential use under the 2014 Master Plan with a plot ratio of 2.8 and a height limit of 36 storeys.
\nHowever, CBRE noted that the \u201cverified existing gross floor area (GFA) is approximately 493,222 sq ft, equivalent to a plot ratio of 3.84. Including 10 percent bonus balconies GFA, the maximum allowable GFA is 542,544 sq ft\u201d.
\nNo development charge is payable on the maximum allowable GFA, it said.
\nAnd since Pacific Mansion is located within the Central Area, the \u201c70 sq m\u201d rule does not apply in the calculation of the maximum number of housing units per development.
\n\u201cWe expect strong interest from developers as this is a rare opportunity to acquire a sprawling freehold site in the River Valley district,\u201d said CBRE capital markets director Galven Tan.
\n\u201cPacific Mansion stands out with superior attributes including its freehold tenure, District 9 address, and is within a seven-minute walk to the main Orchard Road shopping belt,\u201d he said.
\n\u201cBoth local and foreign developers will be keen to evaluate the site which offers the unique opportunity to design an iconic landmark development to add to the central Singapore skyline, next to the upcoming Great World MRT station.\u201d
\nThe tender for Pacific Mansion will close on 16 March.
\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…Pacific Mansion up for en bloc sale for 8m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The prime freehold site in District 9 is located next to the upcoming Great World...<\/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-79190","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-kBg","jetpack-related-posts":[{"id":85640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-with-1-18b-reserve-price\/","url_meta":{"origin":79190,"position":0},"title":"Faber Garden up for en bloc sale with $1.18b reserve price","date":"April 17, 2018","format":false,"excerpt":"\r Faber Garden could become the largest en bloc deal this year if the sale goes through. (Photo: CBRE) Faber Garden, a 236-unit freehold development at Angklong Lane off Upper Thomson Road, has been launched for en bloc sale with a reserve price of $1.18 billion, marketing agent CBRE said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/","url_meta":{"origin":79190,"position":1},"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":83073,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pacific-mansion-sold-for-980m-in-second-largest-ever-collective-sale\/","url_meta":{"origin":79190,"position":2},"title":"Pacific Mansion sold for $980m in second-largest ever collective sale","date":"March 19, 2018","format":false,"excerpt":"\r Completed in 1976, Pacific Mansion in River Valley comprises 288 apartments and two commercial units. (Photo: CBRE) The freehold Pacific Mansion in prime District 9 has been sold collectively to a consortium comprising GuocoLand (Singapore), Intrepid Investments and Hong Realty for a whopping $980 million, marketing agent CBRE said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-to-go-on-sale-for-362m\/","url_meta":{"origin":79190,"position":3},"title":"Cairnhill Mansions to go on sale for $362m","date":"October 6, 2017","format":false,"excerpt":"\r The 18-storey Cairnhill Mansions comprises 61 apartments. (Photo: CBRE) The freehold Cairnhill Mansions project in District 9 will be launched for collective sale in a few weeks\u2019 time, marketing agent CBRE revealed on Thursday (5 October). The 61-unit project has a guide price of $362 million, which works out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-bukit-timah-shophouses-on-sale-for-20-million\/","url_meta":{"origin":79190,"position":4},"title":"Upper Bukit Timah shophouses on sale for $20 million","date":"October 27, 2016","format":false,"excerpt":"\r The guide price works out to $718 psf per plot ratio on the floor area. (Photo: CBRE) A cluster of five adjoining shophouses along 824-836 Upper Bukit Timah Road have been put up for sale by public tender, said marketing agent CBRE. The guide price for the row of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95635,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-the-regalia-up-for-collective-sale-at-403m\/","url_meta":{"origin":79190,"position":5},"title":"Freehold condo The Regalia up for collective sale at $403m","date":"August 8, 2018","format":false,"excerpt":"\r Aerial view of The Regalia condominium at River Valley Close. (Photo: CBRE) The Regalia, a freehold condo in District 9, has been put up for en bloc sale with a guide price of $403 million. The price works out to a land rate of $1,892 psf per plot ratio\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\/79190"}],"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=79190"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=79190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=79190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=79190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}