{"id":88411,"date":"2018-05-16T09:16:24","date_gmt":"2018-05-16T02:16:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fernhill-court-up-for-sale-at-reserve-price-of-125m\/"},"modified":"2018-05-16T10:02:52","modified_gmt":"2018-05-16T03:02:52","slug":"fernhill-court-up-for-sale-at-reserve-price-of-125m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fernhill-court-up-for-sale-at-reserve-price-of-125m\/","title":{"rendered":"Fernhill Court up for sale at reserve price of $125m"},"content":{"rendered":"


\nThe reserve price works out to a land rate of $1,885 psf ppr, after factoring in a development charge of $3.7 million. (Photo: Colliers International)
\nFernhill Court, a prime freehold development located next to the Nassim Road, Dalvey Road and White House Park Good Class Bungalow (GCB) areas in prime District 10, will be put up for collective sale on Wednesday (16 May) with a reserve price of $125 million, revealed marketing agent Colliers International.
\nThis works out to a land rate of $1,885 psf per plot ratio (psf ppr), after factoring in a development charge of $3.7 million.
\nMore: Goldhill Shopping Centre In Novena On Sale For $425m
\n\u201cThis compares favourably against the land rate of $1,898 psf ppr achieved for the collective sale of Villa D\u2019Este in Dalvey Road recently,\u201d said Colliers.
\nIt noted that the approximately 48,768 sq ft site has no plot ratio indication under the 2014 Master Plan, while the building height is subject to detailed control. However, outline planning permission has been submitted for a proposed residential development with a gross plot ratio of 1.4, comprising a five-storey block and a two-storey block.
\nWith 100 percent consensus already obtained from the owners, the successful tenderer will not need to obtain the Strata Titles Board\u2019s approval for the sale, and will be able to take possession of the site following the end of the vacant possession period.
\nBuilt in 1981, Fernhill Court comprises 18 maisonettes ranging between 2,271 sq ft and 2,982 sq ft. Each owner could receive a minimum of $6.32 million to $8.3 million if the sale goes through.
\n\u201cWe expect to see substantial interest in the Fernhill Court tender opportunity due to the scarcity of prime freehold redevelopment sites in the exclusive Fernhill\/Orange Grove area and the palatable investment quantum,\u201d said Colliers International managing director Tang Wei Leng.
\n\u201cThe site will allow the successful tenderer to create a luxury boutique development comprising 90 new homes with an average size of 750 sq ft,\u201d she noted.
\nThe tender for Fernhill Court will close on 21 June.
\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…Fernhill Court up for sale at reserve price of 5m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The reserve price works out to a land rate of $1,885 psf ppr, after factoring...<\/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-88411","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-mZZ","jetpack-related-posts":[{"id":71967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-condos-up-for-en-bloc-sale\/","url_meta":{"origin":88411,"position":0},"title":"Four condos up for en bloc sale","date":"November 16, 2017","format":false,"excerpt":"\r Derby Court is a freehold condominium development located at 5, Derbyshire Road in District 11 near Novena MRT station. (Photo: JLL) Four residential developments, including the iconic Pearlbank Apartments in Outram, have been put up in separate tenders for en bloc sale. The others are Parkway Mansion in Katong,\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":88411,"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":98050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-condos-in-district-9-up-for-en-bloc-sale-again\/","url_meta":{"origin":88411,"position":2},"title":"Two freehold condos in District 9 up for en bloc sale again","date":"September 18, 2018","format":false,"excerpt":"\r Located near Orchard Road, Grange Heights is making a second attempt at a collective sale. (Photo: Colliers International) Undeterred by the government\u2019s property cooling measures, two freehold condos in District 9 near the Orchard Road shopping district are making another try at an en bloc sale. Grange Heights along\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parkway-mansion-sold-for-146-99mil-to-sustained-land-led-consortium\/","url_meta":{"origin":88411,"position":3},"title":"Parkway Mansion sold for $146.99mil to Sustained Land-led consortium","date":"December 14, 2017","format":false,"excerpt":"\r After two failed attempts at a collective sale, Parkway Mansion has finally been sold to a consortium led by Sustained Land Pte Ltd for $146.99 million. Colliers International revealed that the sale price was 6.5 percent higher than the owners\u2019 guide price of $138 million during the tender launched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-towers-sold-en-bloc-for-401-9m\/","url_meta":{"origin":88411,"position":4},"title":"City Towers sold en bloc for $401.9m","date":"February 8, 2018","format":false,"excerpt":"\r The freehold development was sold to an undisclosed buyer for much higher than the owners\u2019 reserve price. (Photo: Colliers International) Singapore\u2019s collective sales fever shows no signs of abating with City Towers being the latest development to be successfully sold en bloc, reported the Business Times. Launched on 4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-towers-attempts-another-collective-sale-at-355m\/","url_meta":{"origin":88411,"position":5},"title":"City Towers attempts another collective sale at $355m","date":"January 3, 2018","format":false,"excerpt":"\r Each homeowner could receive $2.45 million to $10.17 million if the sale goes through. (Photo: Colliers International)\u00a0 The freehold City Towers condominium at 317-325Q Bukit Timah Road will be put up for collective sale again this Thursday (4 January) at a reserve price of $355 million, marketing agent Colliers\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\/88411"}],"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=88411"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/88411\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=88411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=88411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=88411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}