{"id":87349,"date":"2018-05-08T09:19:40","date_gmt":"2018-05-08T02:19:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kemaman-point-up-for-en-bloc-sale-with-143-8m-reserve-price\/"},"modified":"2018-05-08T10:02:55","modified_gmt":"2018-05-08T03:02:55","slug":"kemaman-point-up-for-en-bloc-sale-with-143-8m-reserve-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kemaman-point-up-for-en-bloc-sale-with-143-8m-reserve-price\/","title":{"rendered":"Kemaman Point up for en bloc sale with $143.8m reserve price"},"content":{"rendered":"


\nCompleted in 1993, the 89-unit Kemaman Point is located close to Novena MRT station. (Photo: Knight Frank)
\nKemaman Point, a freehold condominium off Balestier Road in District 12, was launched for collective sale on Monday (7 May) with a reserve price of $143.8 million, said marketing agent Knight Frank Singapore.
\nCompleted in 1993, it comprises one block of 89 apartments and is located close to Novena MRT station, Balestier Plaza and Shaw Plaza.
\nMore: Property Investment Sales To Hit $46 Billion in 2018
\nThe reserve price works out to a land rate of $1,180 psf per plot ratio, inclusive of a development charge of about $958,000.
\nThe approximately 43,825 sq ft site is zoned residential with a gross plot ratio of 2.8 under the 2014 Master Plan, and could be redeveloped up to a maximum permissible gross floor area of about 122,710 sq ft.
\nThe site could potentially yield some 162 units based on an average size of 753 sq ft.
\n\u201cThe new development built on site will enjoy unblocked views towards Jalan Kemaman, over the low-rise landed homes,\u201d said Ian Loh, Knight Frank\u2019s executive director & head of investment and capital markets.
\n\u201cThere also isn\u2019t much impending supply in the Balestier area through land sales and collective sales. Hence new launches in the area are likely to be sought after due to the limited supply as well as the lifestyle that the area provides,\u201d he added.
\nThe tender exercise will close on 12 June.\u00a0
\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, 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…Kemaman Point up for en bloc sale with 3.8m reserve price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Completed in 1993, the 89-unit Kemaman Point is located close to Novena MRT station. (Photo:...<\/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-87349","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-mIR","jetpack-related-posts":[{"id":91726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kemaman-point-in-district-12-sold-en-bloc-to-soilbuild-for-143-88m\/","url_meta":{"origin":87349,"position":0},"title":"Kemaman Point in District 12 sold en bloc to Soilbuild for $143.88m","date":"June 19, 2018","format":false,"excerpt":"\r The sale price of Kemaman Point works out to a land rate of about $1,173 psf ppr. (Photo: Knight Frank) Soilbuild Group has emerged victorious in the tender for the en bloc sale of Kemaman Point off\u00a0 Balestier Road in District 12, with a $143.88 million bid. Marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86132,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dunearn-gardens-sold-to-el-development-for-468m\/","url_meta":{"origin":87349,"position":1},"title":"Dunearn Gardens sold to EL Development for $468m","date":"April 23, 2018","format":false,"excerpt":"\r The purchase price is lower than the reserve price of $488.8 million. (Photo: Knight Frank) Dunearn Gardens, a freehold condominium located off Newton Road, has been sold collectively to a wholly-owned subsidiary of EL Development for $468 million following its third en bloc attempt, marketing agent Knight Frank said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-condos-launched-for-en-bloc-sale\/","url_meta":{"origin":87349,"position":2},"title":"Two freehold condos launched for en bloc sale","date":"July 17, 2018","format":false,"excerpt":"\r Two freehold condominiums in Singapore\u2019s central area have been launched for collective sale despite the new property cooling measures, reported the Business Times. The 24-unit Summer Green in Balestier Road is up for grabs at a reserve price of $48 million, which works to around $1,178 psf per plot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-kingsley-mansion-up-for-en-bloc-sale-at-45-5mil\/","url_meta":{"origin":87349,"position":3},"title":"Freehold condo Kingsley Mansion up for en bloc sale at $45.5mil","date":"August 14, 2018","format":false,"excerpt":"\r (Photo credit: Century21) Homeowners at Kingsley Mansion has decided to put the 18-unit residential development off Balestier Road up for en bloc sale for $45.5 million. The reserve price works out to a land rate of $1,132 per square feet per plot ratio (psf ppr) based on the site\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89266,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/balestier-regency-in-district-12-up-for-en-bloc-sale\/","url_meta":{"origin":87349,"position":4},"title":"Balestier Regency in District 12 up for en bloc sale","date":"May 24, 2018","format":false,"excerpt":"\r Balestier Regency is located close to the Toa Payoh and Novena MRT stations. (Photo: Teakhwa Real Estate) The Balestier Regency freehold condominium was put up for collective sale on Wednesday (23 May) at an indicative price of at least $218 million, reported the Business Times. According to marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/summer-green-in-balestier-up-for-en-bloc-sale\/","url_meta":{"origin":87349,"position":5},"title":"Summer Green in Balestier up for en bloc sale","date":"January 11, 2018","format":false,"excerpt":"\r The 24-unit apartment has a guide price of over $48.5 million. (Photo: Knight Frank) Another residential development, this time off Balestier Road, has been put up for collective sale, said marketing agent Knight Frank on Thursday (11 January). The freehold Summer Green apartment block comprises 24 units and has\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\/87349"}],"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=87349"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=87349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=87349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=87349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}