{"id":81171,"date":"2018-02-27T10:29:20","date_gmt":"2018-02-27T03:29:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/"},"modified":"2018-02-27T11:05:25","modified_gmt":"2018-02-27T04:05:25","slug":"the-estoril-tulip-garden-up-for-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/","title":{"rendered":"The Estoril, Tulip Garden up for collective sale"},"content":{"rendered":"


\nAerial view of Tulip Garden. (Photo: Colliers International)
\nTwo residential developments in prime district 10 \u2013 The Estoril and Tulip Garden \u2013 recently joined the en bloc sale bandwagon.
\nLocated at 95 & 97 Holland Road, The Estoril carries a guide price of $220 million, or around $1,625 psf per plot ratio (psf ppr), revealed marketing agent CBRE.
\nThe land price will fall to around $1,478 psf ppr, after taking into account the 10 percent bonus gross floor area (GFA) on balcony space.
\nThe development sits on an 84,600 sq ft site, which is zoned residential with a height control of up to 12 storeys. The site has a plot ratio of 1.6 under the 2014 Master Plan and a maximum allowable GFA of around 148,896 sq ft, including the 10 percent bonus area on balconies.
\nBased on the Urban Redevelopment Authority\u2019s Development Baseline Record, no development charge is payable for the site, which could be redeveloped into a residential project of 166 units, up from its current 44 units.
\nMeanwhile, Tulip Garden has a reserve price of $753 million, which works out to a land rate of $1,486 psf ppr.
\nWith the inclusion of an additional 10 percent bonus GFA for balconies, the land rate would be reduced to $1,399 psf ppr after taking into account the $26.6 million development charge. Marketing agent Colliers International noted that no development charge is payable for the site.
\nFeaturing 162 units of apartments and maisonettes as well as two shop units spread across five blocks, the development in Farrer Road is nestled on a 316,708 sq ft site. Zoned residential under the 2014 Master Plan with a gross plot ratio of 1.6 and a height limit of up to 12 storeys, the site can be redeveloped into 670 new housing units with an average size of 790 sq ft, subject to the approval of relevant authorities.
\nCBRE capital markets director Sammi Lim believes the spotlight on the current en bloc cycle has started to shift to the prime districts.
\n\u201cThe recent sale of Cairnhill Mansion, the first residential development site sold in the prime district in the current cycle, will kick-start more prime en bloc activity in the coming months,\u201d she said.
\nThe tender for The Estoril will close on 3 April, while the tender for Tulip Garden closes on 11 April.
\nRead more news on the collective sales market.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…The Estoril, Tulip Garden up for collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of Tulip Garden. (Photo: Colliers International) Two residential developments in prime district 10...<\/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-81171","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-l7d","jetpack-related-posts":[{"id":85150,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tulip-garden-sold-for-906-9m-in-2018s-second-largest-collective-sale\/","url_meta":{"origin":81171,"position":0},"title":"Tulip Garden sold for $906.9m in 2018\u2019s second largest collective sale","date":"April 13, 2018","format":false,"excerpt":"\r Tulip Garden\u2019s purchase price is 20.4 percent higher than the reserve price of $753 million. (Photo: Colliers International) The Tulip Garden condominium at Farrer Road has made headlines for being the second biggest collective sale to date this year, following the $980 million en bloc sale of Pacific Mansion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tulip-garden-sold-for-906-9m-in-second-largest-collective-sale-this-year\/","url_meta":{"origin":81171,"position":1},"title":"Tulip Garden sold for $906.9m in second largest collective sale this year","date":"April 13, 2018","format":false,"excerpt":"\r Tulip Garden\u2019s purchase price is 20.4 percent higher than the reserve price of $753 million. (Photo: Colliers International) The Tulip Garden condominium at Farrer Road has made headlines for being the second biggest collective sale to date this year, following the $980 million en bloc sale of Pacific Mansion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":81171,"position":2},"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":84560,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-sold-in-fourth-attempt-at-collective-sale\/","url_meta":{"origin":81171,"position":3},"title":"The Estoril sold in fourth attempt at collective sale","date":"April 5, 2018","format":false,"excerpt":"\r The sale price of $223.9 million works out to a land rate of about $1,654 psf per plot ratio. (Photo: CBRE) The Estoril condominium at 95 & 97 Holland Road has finally been sold for $223.9 million, following a fourth collective sale attempt, said marketing agent CBRE on Wednesday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80679,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-sites-launched-for-sale-including-fairhaven-and-pomex-court\/","url_meta":{"origin":81171,"position":4},"title":"3 sites launched for sale, including Fairhaven and Pomex Court","date":"February 22, 2018","format":false,"excerpt":"\r The owners of Fairhaven (pictured) are expecting bids in excess of $45 million. (Photo: JLL) Three private residential sites have been put up for sale by different marketing agents for a total of more than $181 million. On Wednesday (21 February), a rare 9,999-year leasehold housing site in 1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/la-ville-condo-relaunched-with-lower-asking-price-of-140-6m\/","url_meta":{"origin":81171,"position":5},"title":"La Ville condo relaunched with lower asking price of $140.6m","date":"October 10, 2018","format":false,"excerpt":"\r La Ville is a 40-unit freehold condominium at Tanjong Rhu Road. (JLL) $1,424 psf ppr, or $1,361 psf ppr after taking into account the 10 percent bonus balcony space. A development charge of about $7.2 million is payable as well. Marketing agent JLL revealed on Tuesday (9 Oct) that\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\/81171"}],"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=81171"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/81171\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=81171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=81171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=81171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}