{"id":85640,"date":"2018-04-17T10:40:36","date_gmt":"2018-04-17T03:40:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-with-1-18b-reserve-price\/"},"modified":"2018-04-17T11:02:48","modified_gmt":"2018-04-17T04:02:48","slug":"faber-garden-up-for-en-bloc-sale-with-1-18b-reserve-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-with-1-18b-reserve-price\/","title":{"rendered":"Faber Garden up for en bloc sale with $1.18b reserve price"},"content":{"rendered":"


\nFaber Garden could become the largest en bloc deal this year if the sale goes through. (Photo: CBRE)
\nFaber 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 on Monday (16 Apr).
\nInclusive of the development charge, the land price works out to $1,414 psf per plot ratio (psf ppr), or a lower $1,342 psf ppr if the 10 percent bonus balcony space is included.
\nMore: Tulip Garden Sold For $906.9m In Second Largest Collective Sale This Year
\nThe development charge for the 544,738 sq ft site is about $52.8 million, or $106.7 million if the 10 percent bonus balconies gross floor area (GFA) is included.
\nLocated next to Singapore\u2019s Central Nature Reserve and close to the upcoming Bright Hill MRT station on the Thomson-East Coast Line, the site is zoned for residential use under the 2014 Master Plan with a plot ratio of 1.6 and a height limit of 12 storeys.
\nIt has a maximum allowable GFA of about 871,581 sq ft, or 958,739 sq ft if the 10 percent bonus balconies are taken into account.
\nThe site could yield more than 1,150 units based on an average home size of 753 sq ft.
\n\u201cIn land scarce Singapore, large sites such as this are hardly available, or would otherwise be 99-year leasehold. Faber Garden\u2019s attributes are exceptional \u2013 the plot is freehold; it is next to a nature reserve, and an MRT station at its doorstep makes it a compelling development proposition,\u201d said CBRE capital markets executive director Galven Tan.
\n\u201cDevelopers often look for opportunities to differentiate their product and create a landmark. We believe Faber Garden, with its immense potential that allows developers to capitalise of its location and attributes, is the site.\u201d
\nIf the sale goes through, Faber Garden will become the largest en bloc sale this year, beating Pacific Mansion, which was sold for $980 million in March, reported Channel NewsAsia.
\nThe tender exercise will close on 23 May.
\nFor the latest property news, trends, resources and expert opinions, visit our\u00a0Property News\u00a0page. Home buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Faber Garden up for en bloc sale with .18b reserve price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Faber Garden could become the largest en bloc deal this year if the sale goes...<\/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-85640","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-mhi","jetpack-related-posts":[{"id":99044,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-again\/","url_meta":{"origin":85640,"position":0},"title":"Faber Garden up for en bloc sale again","date":"October 3, 2018","format":false,"excerpt":"\r Faber Garden in Upper Thomson has a reserve price of $1.18 billion. (Photo: CBRE) The owners of Faber Garden have relaunched the 236-unit development for en bloc sale, after its first attempt closed without a sale in May. They have kept the reserve price unchanged at $1.18 billion. More:\u00a0Developers\u2019\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/","url_meta":{"origin":85640,"position":1},"title":"The Estoril, Tulip Garden up for collective sale","date":"February 27, 2018","format":false,"excerpt":"\r Aerial view of Tulip Garden. (Photo: Colliers International) Two residential developments in prime district 10 \u2013 The Estoril and Tulip Garden \u2013 recently joined the en bloc sale bandwagon. Located at 95 & 97 Holland Road, The Estoril carries a guide price of $220 million, or around $1,625 psf\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":85640,"position":2},"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":[]},{"id":91372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-house-in-district-10-sold-for-record-2910-psf-ppr\/","url_meta":{"origin":85640,"position":3},"title":"Park House in District 10 sold for record $2,910 psf ppr","date":"June 14, 2018","format":false,"excerpt":"\r The freehold development along Orchard Boulevard was sold to a unit of Hong Kong-listed Shun Tak Holdings for $375.5 million. (Photo: CBRE) Park House, a freehold 60-unit development along Orchard Boulevard in District 10 has been sold for $375.5 million, which works out to a record $2,910 psf per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83073,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pacific-mansion-sold-for-980m-in-second-largest-ever-collective-sale\/","url_meta":{"origin":85640,"position":4},"title":"Pacific Mansion sold for $980m in second-largest ever collective sale","date":"March 19, 2018","format":false,"excerpt":"\r Completed in 1976, Pacific Mansion in River Valley comprises 288 apartments and two commercial units. (Photo: CBRE) The freehold Pacific Mansion in prime District 9 has been sold collectively to a consortium comprising GuocoLand (Singapore), Intrepid Investments and Hong Realty for a whopping $980 million, marketing agent CBRE said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/horizon-towers-up-for-en-bloc-sale-for-1-1b\/","url_meta":{"origin":85640,"position":5},"title":"Horizon Towers up for en bloc sale for $1.1b","date":"July 6, 2018","format":false,"excerpt":"\r The reserve price works out to a land rate of $1,964 psf per plot ratio. (Photo: JLL) Horizon Towers, a 211-unit residential development at Leonie Hill in District 9, has been launched for collective sale with a reserve price of $1.1 billion. Including the lease top-up premium of about\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\/85640"}],"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=85640"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/85640\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=85640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=85640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=85640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}