{"id":82699,"date":"2018-03-14T17:50:39","date_gmt":"2018-03-14T10:50:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/minbu-villa-joins-en-bloc-frenzy-with-reserve-price-of-145-8m\/"},"modified":"2018-03-14T18:06:04","modified_gmt":"2018-03-14T11:06:04","slug":"minbu-villa-joins-en-bloc-frenzy-with-reserve-price-of-145-8m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/minbu-villa-joins-en-bloc-frenzy-with-reserve-price-of-145-8m\/","title":{"rendered":"Minbu Villa joins en bloc frenzy with reserve price of $145.8m"},"content":{"rendered":"


\nCompleted in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore)
\nMinbu Villa, a 10-storey freehold residential development in Novena, has been launched for collective sale, said marketing agent Savills on Wednesday (14 Mar).
\nThe reserve price of $145.8 million works out to a land rate of $1,355 psf per plot ratio.\u00a0
\nCompleted in 1981, the project comprises 33 apartments and a penthouse and sits on an elevated plot at Minbu Road. The approximately 38,426 sq ft site is zoned for residential use with a gross plot ratio of 2.8 under the 2014 Master Plan.
\nSubject to approvals from the relevant authorities, the site may be developed up to 36 storeys with an allowable gross floor area (GFA) of 107,593 sq ft. No development charge is payable, including the additional 10 percent GFA for balconies arising from the high development baseline.
\nThe site is close to Novena MRT station, eateries at Balestier, shopping malls and Health City Novena, which is expected to be Singapore\u2019s biggest healthcare hub by 2030.
\n\u201cStrategically located at the highest point of Minbu Road, Minbu Villa presents an attractive opportunity to acquire a site to create a distinctive landmark with spectacular views. This is a choice site offering a unique value proposition which is unparalleled in terms of its prime D11 location,\u201d said Suzie Mok, senior director of investment sales at Savills Singapore.
\nThe tender for Minbu Villa will close on 17 April.
\nMinbu Villa joins a growing list of projects that are attempting en bloc sales. Recently, Goodluck Garden and Eunos Mansion were successfully sold for $610 million and $220 million respectively.
\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…Minbu Villa joins en bloc frenzy with reserve price of 5.8m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore) Minbu...<\/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-82699","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-lvR","jetpack-related-posts":[{"id":101492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-minbu-villa-up-for-collective-sale-again\/","url_meta":{"origin":82699,"position":0},"title":"Freehold condo Minbu Villa up for collective sale again","date":"November 21, 2018","format":false,"excerpt":"\r Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore) Minbu Villa, a 10-storey residential development comprising 33 apartments and a penthouse in Novena, is trying its luck at a collective sale again after its earlier attempt in March closed without a winning bid. While\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122835,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-point-makes-second-collective-sale-attempt-price-unchanged-at-550mil\/","url_meta":{"origin":82699,"position":1},"title":"High Point makes second collective sale attempt, price unchanged at $550mil","date":"October 27, 2021","format":false,"excerpt":"\r High Point, is located at 30 Mount Elizabeth and is making its second collective sale attempt for $550 million or $2,508 per sq ft per plot ratio, after factoring in balconies. High Point, a 22-storey residential development at the peak of Mount Elizabeth within the Orchard Road residential area,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HighPoint-30-Mount-Elizabeth-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":82699,"position":2},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122183,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-residential-sites-at-thiam-siew-avenue-up-for-sale\/","url_meta":{"origin":82699,"position":3},"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":75569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kovan-apartments-up-for-collective-sale-for-33mil\/","url_meta":{"origin":82699,"position":4},"title":"Kovan Apartments up for collective sale for $33mil","date":"January 2, 2018","format":false,"excerpt":"\r Kovan Apartments, a four-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33 million, revealed marketing agent Savills Singapore. The asking price, however, excludes an estimated development charge of $2.57 million since the site is not fully\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tai-wah-building-for-sale-at-81-million\/","url_meta":{"origin":82699,"position":5},"title":"Tai Wah Building for sale at $81 million","date":"October 9, 2017","format":false,"excerpt":"\r Built in the 1980s, Tai Wah Building comprises six apartments and two shops. (Photo: Edmund Tie & Company) The freehold Tai Wah Building at Killiney Road has been launched for collective sale after obtaining consent from all the owners, marketing agent Edmund Tie & Co. said on Monday (9\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\/82699"}],"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=82699"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}