{"id":86312,"date":"2018-04-24T09:53:21","date_gmt":"2018-04-24T02:53:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-house-st-michaels-condo-join-en-bloc-bandwagon\/"},"modified":"2018-04-24T10:03:01","modified_gmt":"2018-04-24T03:03:01","slug":"park-house-st-michaels-condo-join-en-bloc-bandwagon","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-house-st-michaels-condo-join-en-bloc-bandwagon\/","title":{"rendered":"Park House, St Michael\u2019s Condo join en bloc bandwagon"},"content":{"rendered":"


\nLocated near Orchard Road, Park House carries a guide price of $308 million. (Photo: CBRE)
\nThe en bloc fever shows no sign of abating with Park House and St Michael\u2019s Condominium joining the bandwagon.
\nLocated at the junction of Orchard Boulevard and Tomlinson Road, Park House carries a guide price of $308 million.
\nMore: Dunearn Gardens Sold To EL Development For $468m
\nThe price reflects a land rate of about $2,387 psf per plot ratio (psf ppr), or a lower $2,170 psf ppr after factoring in the 10 percent allowable bonus balcony space.
\nMeasuring 46,084 sq ft, the freehold residential site has an allowable plot ratio of 2.8. No development charge is payable.
\nMarketing agent CBRE noted that the 56 apartment owners could receive at least $5 million from the sale, while the four shops could fetch at least $6.65 million.
\nPark House is located close to ION Orchard, Paragon, Four Seasons Hotel and The St. Regis Hotel. Camden Medical Centre and the Singapore Botanic Gardens are also nearby.
\nGiven its prime location, CBRE capital markets managing director Jeremy Lake expects the site to attract eight to 10 bids from Singapore-based developers as well as those from China, Hong Kong and Malaysia.
\n\u201cIn the last few months the luxury residential market has come to life and developers are actively looking to buy prime sites and have been asking us if we have any sites in the pipeline,\u201d he said. \u201cThe sale of the URA site on Cuscaden Road next door is likely to set a new high benchmark price when it closes on 26 April.\u201d
\nMeanwhile, the owners of St Michael\u2019s Condominium are expecting offers of at least $112 million for the 60-unit development, reported the Business Times.
\nThe 35,665.4 sq ft freehold site off Serangoon Road has a maximum allowable gross floor area of around 99,863.2 sq ft. Subject to the relevant authorities\u2019 approval, the site could yield 132 apartments of about 753 sq ft each, said marketing agent Teakhwa Real Estate.
\nThe tenders for St Michael\u2019s Condominium and Park House close on 23 May and 31 May respectively.
\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…Park House, St Michael\u2019s Condo join en bloc bandwagon<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located near Orchard Road, Park House carries a guide price of $308 million. (Photo: CBRE)...<\/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-86312","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-ms8","jetpack-related-posts":[{"id":81171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/","url_meta":{"origin":86312,"position":0},"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":102760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-highpoint-goes-en-bloc-for-550m\/","url_meta":{"origin":86312,"position":1},"title":"Freehold condo HighPoint goes en bloc for $550m","date":"January 8, 2019","format":false,"excerpt":"\r The asking price works out to $2,595 psf ppr before factoring in balconies. (Photo: CBRE) HighPoint, a freehold residential development at the highest point of the Mount Elizabeth-Orchard district, has been launched for en bloc sale with a guide price of $550 million, revealed marketing agent CBRE. The price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pacific-mansion-up-for-en-bloc-sale-for-938m\/","url_meta":{"origin":86312,"position":2},"title":"Pacific Mansion up for en bloc sale for $938m","date":"February 7, 2018","format":false,"excerpt":"\r The prime freehold site in District 9 is located next to the upcoming Great World MRT station. (Photo: CBRE) Pacific Mansion, a freehold residential development along River Valley Close, has been put up for collective sale at a reserve price of $938 million, or $1,728 psf per plot ratio\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":86312,"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":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":86312,"position":4},"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":85640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-with-1-18b-reserve-price\/","url_meta":{"origin":86312,"position":5},"title":"Faber Garden up for en bloc sale with $1.18b reserve price","date":"April 17, 2018","format":false,"excerpt":"\r Faber Garden could become the largest en bloc deal this year if the sale goes through. (Photo: CBRE) Faber 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\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\/86312"}],"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=86312"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/86312\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=86312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=86312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=86312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}