{"id":89266,"date":"2018-05-24T11:00:28","date_gmt":"2018-05-24T04:00:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/balestier-regency-in-district-12-up-for-en-bloc-sale\/"},"modified":"2018-05-24T11:03:00","modified_gmt":"2018-05-24T04:03:00","slug":"balestier-regency-in-district-12-up-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/balestier-regency-in-district-12-up-for-en-bloc-sale\/","title":{"rendered":"Balestier Regency in District 12 up for en bloc sale"},"content":{"rendered":"


\nBalestier Regency is located close to the Toa Payoh and Novena MRT stations. (Photo: Teakhwa Real Estate)
\nThe 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.
\nAccording to marketing agent Teakhwa Real Estate, the asking price works out to a land rate of $1,264.90 psf per plot ratio (psf ppr), inclusive of a development charge of $1.35 million. If the 10 percent bonus balcony space is included, the land price translates to a lower $1,220.90 psf ppr.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nLocated along Balestier Road in District 12, the project is close to the Toa Payoh and Novena MRT stations. The 61,951.8 sq ft site has a plot ratio of 2.8 and a maximum permissible building height of 36 storeys.
\nCompleted in 1990, the existing 72-unit apartment can be redeveloped into a new residential project with some 230 units measuring 753 sq ft on average. This is based on the site\u2019s gross floor area of 173,408.9 sq ft and subject to obtaining the necessary approvals from the relevant authorities.
\n\u201cFor its central city location, freehold tenure, huge land size and undemanding land rate expectation, we can expect strong developers\u2019 interest for this attractive site,\u201d said Teakhwa Real Estate managing director Sieow Teak Hwa.
\nThe tender exercise for Balestier Regency closes on 21 June.
\nLearn more about the Balestier\/Toa Payoh area and search for properties to buy or rent.
\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…Balestier Regency in District 12 up for en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Balestier Regency is located close to the Toa Payoh and Novena MRT stations. (Photo: Teakhwa...<\/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-89266","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-ndM","jetpack-related-posts":[{"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":89266,"position":0},"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":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":89266,"position":1},"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":89989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-in-district-11-up-for-sale-for-at-least-68m\/","url_meta":{"origin":89266,"position":2},"title":"Gilstead Mansion in District 11 up for sale for at least $68m","date":"May 31, 2018","format":false,"excerpt":"\r The freehold project sits on a 35,751 sq ft site and is close to the Newton, Novena and Little India MRT stations. (Photo: Teakhwa Real Estate) Gilstead Mansion, a 24-unit freehold condominium in District 11, has been launched for collective sale via public tender, with the owners hoping to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-minbu-villa-up-for-collective-sale-again\/","url_meta":{"origin":89266,"position":3},"title":"Freehold condo Minbu Villa up for collective sale again","date":"November 21, 2018","format":false,"excerpt":"\r Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore) Minbu Villa, a 10-storey residential development comprising 33 apartments and a penthouse in Novena, is trying its luck at a collective sale again after its earlier attempt in March closed without a winning bid. While\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kemaman-point-up-for-en-bloc-sale-with-143-8m-reserve-price\/","url_meta":{"origin":89266,"position":4},"title":"Kemaman Point up for en bloc sale with $143.8m reserve price","date":"May 8, 2018","format":false,"excerpt":"\r Completed in 1993, the 89-unit Kemaman Point is located close to Novena MRT station. (Photo: Knight Frank) Kemaman 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":89266,"position":5},"title":"Gilstead Mansion relaunched for collective sale at lower price","date":"October 25, 2018","format":false,"excerpt":"\r The 24-unit residential development has been relaunched for collective sale at a guide price of $65 million. 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