{"id":84376,"date":"2018-04-02T16:35:39","date_gmt":"2018-04-02T09:35:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chancery-court-put-up-for-collective-sale-at-390m\/"},"modified":"2018-04-02T17:03:05","modified_gmt":"2018-04-02T10:03:05","slug":"chancery-court-put-up-for-collective-sale-at-390m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chancery-court-put-up-for-collective-sale-at-390m\/","title":{"rendered":"Chancery Court put up for collective sale at $390m"},"content":{"rendered":"


\nThe asking price works out to a land rate of $1,572 psf per plot ratio. (Photo: OrangeTee Advisory)
\nChancery Court, a privatised HUDC estate along Dunearn Road, has been launched for collective sale at an asking price of $390 million, or a land rate of $1,572 psf per plot ratio, said marketing agent OrangeTee Advisory.
\nThe 99-year leasehold site comprises 136 residential units and eight commercial units.
\nMore: Tiong Seng-led joint venture acquires Cairnhill Heights for $72.6m
\nMeasuring approximately 259,134 sq ft, the site is zoned residential with a gross plot ratio of 1.4 under the 2014 Master Plan.
\nThe asking price includes an estimated differential premium of about $180 million to top up the lease from about 62 years to a fresh 99 years and for site intensification.
\nThe site is also subject to the Pre-Application Feasibility Study (PAFS) on traffic impact and a traffic consultant has been commissioned to undertake the study.
\nThe new development could yield up to 480 units with an average size of 753 sq ft.
\nThe Newton MRT interchange and established schools such as Anglo Chinese School, St. Joseph\u2019s Institution Junior and Singapore Chinese Girls Primary School are nearby.\u00a0
\n\u201cWe believe Chancery Court will generate good interest from developers given its excellent location in District 11, easy access to town via public and private transport and its proximity to the few popular and reputable schools,\u201d said Alex Oh, executive director of OrangeTee Advisory.
\nMarcus Oh, managing director of OrangeTee Advisory, added: \u201cTo give more certainty to developers, we took the initiative to undertake the PAFS and would expect the advisory on the maximum dwelling units from the authority before the tender closes. With this, developers will be able to conduct the redevelopment feasibility with a peace of mind.\u201d
\nThe tender for Chancery Court will close on 15 May.
\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…Chancery Court put up for collective sale at 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The asking price works out to a land rate of $1,572 psf per plot ratio....<\/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-84376","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-lWU","jetpack-related-posts":[{"id":88626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chancery-court-in-district-11-sold-en-bloc-for-401-8m\/","url_meta":{"origin":84376,"position":0},"title":"Chancery Court in District 11 sold en bloc for $401.8m","date":"May 18, 2018","format":false,"excerpt":"\r The purchase price works out to a land rate of about $1,610 psf per plot ratio. (Photo: OrangeTee Advisory) Chancery Court, a privatised HUDC estate right across the road from the Anglo Chinese School campus, has been sold en bloc for $401.78 million, or six percent higher than its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-news-roundup-may-2018\/","url_meta":{"origin":84376,"position":1},"title":"PropertyGuru News Roundup (May 2018)","date":"May 31, 2018","format":false,"excerpt":"\r Our top Singapore property stories. Chancery Court In District 11 Sold En Bloc For $401.8m Chancery Court, a privatised HUDC estate right across the road from the Anglo Chinese School campus, has been sold en bloc for $401.78 million, or six percent higher than its reserve price of $390\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/Singapore-property.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thomson-view-up-for-en-bloc-sale-for-950mil\/","url_meta":{"origin":84376,"position":2},"title":"Thomson View up for en bloc sale for $950mil","date":"November 10, 2021","format":false,"excerpt":"\r Thomson View Condominium is a 50,197 sq m site with a reserve price of $950 million. Source: Google Maps The owners of Thomson View Condominium have once again put up the 99-year leasehold development for collective sale, with a reserve price of $950 million, reported The Business Times (BT),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/thomson-view.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/siglap-shopping-centre-relaunched-for-en-bloc-sale-price-unchanged-at-120mil\/","url_meta":{"origin":84376,"position":3},"title":"Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120mil","date":"August 5, 2021","format":false,"excerpt":"\r Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120milThe site could be developed into a \u201cprominent\u00a0mixed-use development\u00a0that caters to the lifestyles of residents in the vicinity. Photo: OrangeTee Advisory Siglap Shopping Centre along East Coast Road has been relaunched for collective sale via public tender with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Siglap-Shopping-Centre-crop.jpg?fit=820%2C411&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":84376,"position":4},"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":100496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":84376,"position":5},"title":"Gilstead Mansion relaunched for collective sale at lower price","date":"October 25, 2018","format":false,"excerpt":"\r The 24-unit residential development has been relaunched for collective sale at a guide price of $65 million. (Photo: Teakhwa Real Estate) In a bid to beat the clock before the new rules on unit sizes outside the central area kick in as well as the chill of property cooling\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\/84376"}],"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=84376"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84376\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}