{"id":80679,"date":"2018-02-22T09:49:17","date_gmt":"2018-02-22T02:49:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-sites-launched-for-sale-including-fairhaven-and-pomex-court\/"},"modified":"2018-02-22T10:02:58","modified_gmt":"2018-02-22T03:02:58","slug":"3-sites-launched-for-sale-including-fairhaven-and-pomex-court","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-sites-launched-for-sale-including-fairhaven-and-pomex-court\/","title":{"rendered":"3 sites launched for sale, including Fairhaven and Pomex Court"},"content":{"rendered":"


\nThe owners of Fairhaven (pictured) are expecting bids in excess of $45 million. (Photo: JLL)
\nThree private residential sites have been put up for sale by different marketing agents for a total of more than $181 million.
\nOn Wednesday (21 February), a rare 9,999-year leasehold housing site in 1 \u2013 21A Jalan Molek and 217 \u2013 223A Guillemard Road was put up for sale by a single owner.
\nAccording to marketing agent Cushman & Wakefield, the 37,131 sq ft plot near Dakota, Alunied and Mountbatten MRT stations has a plot ratio of 2.8 and a gross floor area (GFA) of around 77,071 sq ft.
\nIt could be redeveloped to achieve a maximum GFA of about 103,967 sq ft, or 114,364 sq ft including the 10 percent bonus balcony space. The site is currently occupied by 15 two-storey terrace houses, but provisional permission has already been obtained to redevelop it to a part-5\/part-8 storey project with 137 units.
\n\u201cAt the indicative price of $99 million with a development charge of about $14.6 million to maximise the GFA including the additional 10 percent bonus balcony area, the land rate for the site will come up to approximately $993 psf per plot ratio (psf ppr),\u201d said Cushman\u2019s executive director of capital markets Shaun Poh.
\nSeparately, a freehold housing site known as Fairhaven in Sophia Road was put up for collective sale by marketing agent JLL on Wednesday, with the owners expecting bids of over $45 million.
\nAn existing five-storey project consisting of 15 apartments stands on the 16,660 sq ft site, which is within walking distance from Orchard Road and the Dhoby Ghaut interchange station.
\nIt has a gross plot ratio of 2.1 and the expected selling price translates to $1,286 psf ppr, or $1,169 psf ppr if the bonus balcony space is included. No development charge is payable.
\nSimilarly, the owners of the freehold Pomex Court at 50, Lorong 101 Changi Road are collectively seeking at least $37 million, or $998 psf ppr based on its 26,471 sq ft land area.
\nAccording to marketing agent Century21, the plot near Eunos and Paya Lebar MRT stations has a gross plot ratio of 1.4, meaning it can be redeveloped into a five-storey building. If it\u2019s successfully sold at the minimum price, each owner will get between $1.53 million and $2.27 million.
\nThe tender for the residential site in Jalan Molek\/Guillemard Road will close on 20 March 2018. The tender exercises for Pomex Court and Fairhaven will close on 21 March and 22 March, respectively.
\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…3 sites launched for sale, including Fairhaven and Pomex Court<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners of Fairhaven (pictured) are expecting bids in excess of $45 million. (Photo: JLL)...<\/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-80679","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-kZh","jetpack-related-posts":[{"id":122183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-residential-sites-at-thiam-siew-avenue-up-for-sale\/","url_meta":{"origin":80679,"position":0},"title":"Two freehold residential sites at Thiam Siew Avenue up for sale","date":"September 24, 2021","format":false,"excerpt":"\r Two freehold residential sites at Thiam Siew Avenue up for saleIncluding balcony space, the North plot has a GFA of 405,536 sq ft and an estimated development charge of $20.2 million, while the 384,791 sq ft South plot has a development charge of\u00a0$19.1 million. Photo: Savills Singapore Two freehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/Thiam-Siew-Avenue-crop.jpg?fit=818%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":92777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-sites-totalling-1920-homes-released\/","url_meta":{"origin":80679,"position":1},"title":"Four sites totalling 1,920 homes released","date":"June 29, 2018","format":false,"excerpt":"\r View of the residential site in Clementi Avenue 1. (Photo: URA) The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) on Thursday (28 June) launched two confirmed list sites for sale under the second half 2018 Government Land Sales (GLS) programme. One is a 153,223.19 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fairhaven-at-sophia-road-sold-for-57m\/","url_meta":{"origin":80679,"position":2},"title":"Fairhaven at Sophia Road sold for $57m","date":"March 24, 2018","format":false,"excerpt":"\r The winning bid is 21 percent higher than the reserve price of $45 million. (Photo: JLL) Following a tender exercise that attracted several competitive bids, the freehold Fairhaven condominium at Sophia Road in District 9 has been sold for $57 million to Gioia Fund, a wholly-owned subsidiary of investment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bugis-gls-sites-expected-to-be-strongly-contested\/","url_meta":{"origin":80679,"position":3},"title":"Bugis GLS sites expected to be strongly contested","date":"December 3, 2018","format":false,"excerpt":"\r Aerial view of the land parcel at Middle Road. Source: URA The Urban Redevelopment Authority (URA) launched two confirmed list sites and another two reserve list plots for sale last Friday (30 Nov) under the second half 2018 Government Land Sales (GLS) programme. Overall, these four sites can yield\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-prime-freehold-sites-up-for-sale-for-a-total-of-477m\/","url_meta":{"origin":80679,"position":4},"title":"Two prime freehold sites up for sale for a total of $477m","date":"October 25, 2017","format":false,"excerpt":"\r Aerial view of 67 Cairnhill Road and Cairnhill Mansions. (Photo: CBRE)\u00a0 Two prime freehold sites in District 9 that are among the few remaining sizeable plots available in Cairnhill Road have been launched for sale by exclusive marketing agent CBRE on Tuesday (24 October). These comprise a 19,800 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-3-housing-sites-for-728-55m\/","url_meta":{"origin":80679,"position":5},"title":"URA awards 3 housing sites for $728.55m","date":"February 8, 2018","format":false,"excerpt":"\r The land parcel in West Coast Vale was awarded to a subsidiary of CDL for $472.4 million. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Wednesday (7 February) that it has successfully sold three residential sites for a total of $728.55 million. 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