{"id":81916,"date":"2018-03-05T17:04:05","date_gmt":"2018-03-05T10:04:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/nicon-gardens-up-for-collective-sale-at-110m\/"},"modified":"2018-03-05T18:03:58","modified_gmt":"2018-03-05T11:03:58","slug":"nicon-gardens-up-for-collective-sale-at-110m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nicon-gardens-up-for-collective-sale-at-110m\/","title":{"rendered":"Nicon Gardens up for collective sale at $110m"},"content":{"rendered":"


\nEach owner is expected to receive about $2.3 million from a successful sale. (Photo: ERA Realty)
\nNicon Gardens, a strata landed development along Choa Chu Kang Road in District 23, will be launched for collective sale this Thursday (8 Mar), said marketing agent ERA Realty.
\nCompleted in 1981, the property consists of 47 units of townhouses and has 62 years left on its 99-year lease.
\nMore than 80 percent of the owners consented to the sale and they are expecting a minimum of $110 million, which works out to around $669 psf per plot ratio.
\nEach owner is expected to receive about $2.3 million if the sale goes through.\u00a0 \u00a0
\nSituated on elevated land, the 164,469.61 sq ft site is zoned for three-storey semi-detached landed housing under the Master Plan 2014.
\n\u201cThe sale committee is expecting strong interest from developers as there wasn\u2019t any Government Land Sale for landed housing in Singapore over the past few years, especially in the vicinity,\u201d said ERA.
\nPotential developers can build about 50 to 68 three-storey strata semi-detached houses on the site, subject to URA\u2019s planning approval.
\nNicon Gardens is located within walking distance from Phoenix LRT station and is close to Bukit Panjang MRT station on the Downtown Line. Various schools as well as shopping malls such as the new Hillion Mall, Bukit Panjang Plaza and Ten Mile Junction are also nearby.
\nThe tender exercise will close on 18 April.
\nCheck out more properties for sale in western Singapore.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Nicon Gardens up for collective sale at 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Each owner is expected to receive about $2.3 million from a successful sale. (Photo: ERA...<\/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-81916","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-lje","jetpack-related-posts":[{"id":98966,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/le-arc-apartment-up-for-collective-sale-at-20m\/","url_meta":{"origin":81916,"position":0},"title":"Le Arc Apartment up for collective sale at $20m","date":"October 2, 2018","format":false,"excerpt":"\r The asking price for the freehold property in Geylang works out to a land rate of about $915.59 psf ppr. (Photo: ERA Realty) Le Arc Apartment, a 12-unit residential development at 6, Lorong 26 Geylang has been put up for collective sale, with the owners expecting offers of between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-ville-up-for-collective-sale-at-400-430-mil\/","url_meta":{"origin":81916,"position":1},"title":"Serangoon Ville up for collective sale at $400-$430 mil","date":"June 22, 2017","format":false,"excerpt":"\r The 244-unit residential project sits on a 296,913 sq ft site. Serangoon Ville, a privatised HUDC estate at Serangoon North Avenue 1, has been put up for collective sale, marketing agent ERA Realty Network said on Wednesday (21 June). The site has 69 years left on its lease. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94217,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condo-management-fined-for-slow-action-on-leaking-pipe\/","url_meta":{"origin":81916,"position":2},"title":"Condo management fined for slow action on leaking pipe","date":"July 19, 2018","format":false,"excerpt":"\r (Source: GoogleMaps) Singapore\u2019s Public Utilities Board (PUB) announced on Wednesday (18 July) that it has ordered the management of the 47-unit Nicon Gardens in 65K Choa Chu Kang Road to pay a $2,000 fine for failing to fix a leaking pipe there in a timely manner. In the evening\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106971,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-francis-court-up-for-en-bloc-at-95m\/","url_meta":{"origin":81916,"position":3},"title":"St Francis Court Up For En Bloc At $95m","date":"May 9, 2019","format":false,"excerpt":"\r In the event of a successful collective sale, the owners are expected to receive more than $1 million to $1.5 million in sales proceeds, depending on the size of their units. St Francis Court, an 11-storey residential development at 90 Saint Francis Road, has been put up for collective\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99994,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/st-francis-court-up-for-en-bloc-sale\/","url_meta":{"origin":81916,"position":4},"title":"St Francis Court up for en bloc sale","date":"October 17, 2018","format":false,"excerpt":"\r Homeowners at the 71-unit residential development are expecting offers above $95 million. (Photo: ERA Realty) St Francis Court, an 11-storey residential tower at 90 Saint Francis Road, is up for collective sale, with the owners expecting offers above $95 million, revealed marketing agent ERA Realty. While no differential premium\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bishan-park-condominium-up-for-sale-for-680m\/","url_meta":{"origin":81916,"position":5},"title":"Bishan Park Condominium up for sale for $680m","date":"September 24, 2019","format":false,"excerpt":"\r The 99-year leasehold development, which comprises five blocks of 10 storeys each, has 71 years left on its lease. Bishan Park Condominium is up for collective sale, with its owners expecting to receive offers of about $680 million to $688 million. Located in District 20 at 14 Sin Ming\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\/81916"}],"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=81916"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/81916\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=81916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=81916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=81916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}