{"id":88551,"date":"2018-05-17T11:08:50","date_gmt":"2018-05-17T04:08:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-more-properties-launched-for-en-bloc-sale\/"},"modified":"2018-05-17T12:02:49","modified_gmt":"2018-05-17T05:02:49","slug":"8-more-properties-launched-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-more-properties-launched-for-en-bloc-sale\/","title":{"rendered":"8 more properties launched for en bloc sale"},"content":{"rendered":"


\nCairnhill Astoria (the red building) in prime District 9 has joined a growing list of properties launched for en bloc sale. (Photo: Colliers International)
\nSingapore\u2019s red-hot collective sales market continues to sizzle with more homeowners jumping on the en bloc bandwagon.
\nCairnhill Astoria in Cairnhill Rise and Trendale Tower in Cairnhill Road were launched for sale at reserve prices of $196 million and $163.52 million, which work out to land rates of $1,964 psf per plot ratio (psf ppr) and $2,250 psf ppr respectively.
\nMore: Developers\u2019 En Bloc Appetite Diminishing: RHB
\nThe 36-unit Cairnhill Astoria sits on a 38,615 sq ft site and has a gross plot ratio of 2.8. Marketing agent Colliers International revealed that a development charge of about $16.34 million is payable for the site. If the sale goes through, each owner could potentially receive between $2.275 million and $14.261 million, depending on the size of their units.
\nCairnhill Astoria can be redeveloped into a project with around 200 apartments with an average size of 540 sq ft, subject to the relevant authorities\u2019 approval.
\nThe 18-unit Trendale Tower, on the other hand, sits on a 21,708 sq ft site with a gross plot ratio of 2.8. Subject to obtaining relevant approvals, it may be redeveloped into 36-storey tower with an allowable gross floor area of 72,690 sq ft, said marketing agent Savills Singapore.
\nThe tender exercises for Trendale Tower and Cairnhill Astoria will close on 25 and 27 June respectively.
\nMeanwhile, JLL also launched five residential sites with a total value of $1.2 billion.
\nThey are Flynn Park in the Pasir Panjang, Cavenagh Gardens off Orchard Road, La Ville at Tanjong Rhu Road, Rosalia Park near Serangoon Central as well as the joint sale of three single-storey detached houses at Lorong H Telok Kurau.
\nJLL regional director Tan Hong Boon expects the sites to attract keen interest from local and foreign developers and investors, given their varying locations, distinctive characteristics and respective investment quantum.
\n\u201cWhile many developers and investors have successfully acquired sites over the past year, there is still strong demand for residential lands given that the prices of private residential properties have reached the lowest point and they look set for further upswing over the medium term,\u201d Tan said.
\n\u201cDevelopers, encouraged by their recent strong sale performances at new price levels, will continue their land acquisition efforts.\u201d
\nBrowse the latest news articles on en bloc properties in Singapore.
\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…8 more properties launched for en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cairnhill Astoria (the red building) in prime District 9 has joined a growing list of...<\/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-88551","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-n2f","jetpack-related-posts":[{"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":88551,"position":0},"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":74414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-heights-eyes-80mil-in-collective-sale-tender\/","url_meta":{"origin":88551,"position":1},"title":"Cairnhill Heights eyes $80mil in collective sale tender","date":"December 13, 2017","format":false,"excerpt":"\r Cairnhill Heights, a 19-unit residential development at Cairnhill Rise, is set to be launched for en bloc sale tender on 19 December, reported Business Times. This comes after over 90 percent of the owners have agreed to the sale. The owners are looking at a sale price of more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-acquires-more-land-in-cairnhill-eyes-bigger-redevelopment-site\/","url_meta":{"origin":88551,"position":2},"title":"Developer acquires more land in Cairnhill, eyes bigger redevelopment site","date":"June 8, 2018","format":false,"excerpt":"\r Singapore-listed Low Keng Huat previously signed a collective sales agreement to buy Cairnhill Mansions along Cairnhill Road in District 9 for $362 million. (Photo: CBRE) Glopeak Development, a unit of Singapore-listed property developer Low Keng Huat, has agreed to purchase several pieces of freehold residential land adjacent to the\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":88551,"position":3},"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":[]},{"id":68318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-to-go-on-sale-for-362m\/","url_meta":{"origin":88551,"position":4},"title":"Cairnhill Mansions to go on sale for $362m","date":"October 6, 2017","format":false,"excerpt":"\r The 18-storey Cairnhill Mansions comprises 61 apartments. (Photo: CBRE) The freehold Cairnhill Mansions project in District 9 will be launched for collective sale in a few weeks\u2019 time, marketing agent CBRE revealed on Thursday (5 October). The 61-unit project has a guide price of $362 million, which works out\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":88551,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/88551"}],"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=88551"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/88551\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=88551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=88551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=88551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}