{"id":83517,"date":"2018-03-23T05:00:44","date_gmt":"2018-03-22T22:00:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-sold-for-168m-to-bukit-sembawang\/"},"modified":"2018-03-23T05:02:52","modified_gmt":"2018-03-22T22:02:52","slug":"makeway-view-sold-for-168m-to-bukit-sembawang","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-sold-for-168m-to-bukit-sembawang\/","title":{"rendered":"Makeway View sold for $168m to Bukit Sembawang"},"content":{"rendered":"


\nMakeway View comprises 28 apartments and four penthouses, and is close to Newton MRT interchange. (Photo: Edmund Tie & Co)
\nThe freehold Makeway View condominium in Newton has been sold to Bukit Sembawang Estates for $168 million, marketing agent Edmund Tie & Co said on Thursday (22 Mar).
\nCompleted in the late 1980s, the 10-storey development comprises 28 apartments and four penthouses. Newton MRT interchange and Newton Food Centre are located nearby.
\nMore: Pacific Mansion sold for $980m in second-largest ever collective sale
\nThe sale price works out to a land rate of $1,626 psf per plot ratio (psf ppr), including an estimated development charge of about $21.26 million.
\nThe owners could receive gross sale proceeds of between $3.86 million and $10.74 million per unit.
\nThe approximately 41,582 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 developer could build a high-rise apartment of 154 units, assuming an average apartment size of 70 sq m (753 sq ft).
\n\u201cUnits in the new development will potentially enjoy 180-degree unobstructed panoramic views of the city and lush greenery in its surroundings,\u201d said Swee Shou Fern, senior director of investment advisory at Edmund Tie & Co.
\nThis is the second property to be sold en bloc to Bukit Sembawang this month following its purchase of Katong Park Towers for $345 million ($1,280 psf ppr) on 16 March.
\nCheck out our project reviews in District 11.
\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…Makeway View sold for 8m to Bukit Sembawang<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Makeway View comprises 28 apartments and four penthouses, and is close to Newton MRT interchange....<\/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-83517","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-lJ3","jetpack-related-posts":[{"id":82875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-park-towers-sold-to-bukit-sembawang-for-345-million\/","url_meta":{"origin":83517,"position":0},"title":"Katong Park Towers sold to Bukit Sembawang for $345 million","date":"March 16, 2018","format":false,"excerpt":"\r The sale price is about 20 percent above the reserve price of $288 million. (Photo: Cushman & Wakefield) Katong Park Towers in District 15 has been sold to a subsidiary of Bukit Sembawang Estates for $345 million, about 20 percent above the reserve price of $288 million, said Cushman\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-road-residential-site-up-for-sale-for-91-8mil\/","url_meta":{"origin":83517,"position":1},"title":"Gilstead Road residential site up for sale for $91.8mil","date":"September 23, 2021","format":false,"excerpt":"\r Gilstead Road residential site up for sale for $91.8milSole marketing agent Edmund Tie said the price works out to a land rate of about $2,001 per sq ft per plot ratio (psf ppr), including the estimated development charge. Photo: Edmund Tie A freehold residential site at Gilstead Road in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/32_34-Gilstead-Rd_00019-crop.jpg?fit=819%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":59959,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bukit-sembawang-sells-18-watercove-units-ahead-of-launch\/","url_meta":{"origin":83517,"position":2},"title":"Bukit Sembawang sells 18 Watercove units ahead of launch","date":"July 6, 2017","format":false,"excerpt":"\r Urban Redevelopment Authority caveats showed that the units were sold from around S$2.3 million, which works out to an average psf price of around S$738. (Image: Bukit Sembawang Estate) Watercove, Bukit Sembawang Estate\u2019s seafront project, sold at least 18 units ahead of its official launch on Saturday, reported The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crystal-tower-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":83517,"position":3},"title":"Crystal Tower relaunched for collective sale at lower price","date":"October 26, 2017","format":false,"excerpt":"\r Built in the 1970s, the 28-unit Crystal Tower is now going for $138 million. (Photo: Edmund Tie) Crystal Tower, a freehold residential site at Ewe Boon Road, has been put up for en bloc sale again at $138 million, marketing agent Edmund Tie & Co. said on Thursday (26\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-projects-sold-en-bloc-for-over-658mil\/","url_meta":{"origin":83517,"position":4},"title":"2 projects sold en bloc for over $658mil","date":"December 4, 2017","format":false,"excerpt":"\r Royalville attracted a total of nine bids which surpassed the $368m asking price. (Photo: Edmund Tie & Co) Marketing agent Edmund Tie & Co announced on Friday (1 December) that it successfully sold two existing developments via collective sale for a total of $658.59 million. In particular, Royalville in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/12\/Crystal-Tower-e1512356063925.jpg?fit=620%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":84560,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-sold-in-fourth-attempt-at-collective-sale\/","url_meta":{"origin":83517,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/83517"}],"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=83517"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/83517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=83517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=83517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=83517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}