{"id":89983,"date":"2018-05-31T10:21:14","date_gmt":"2018-05-31T03:21:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-sites-near-novena-mrt-sold-for-106-million\/"},"modified":"2018-05-31T11:03:04","modified_gmt":"2018-05-31T04:03:04","slug":"two-sites-near-novena-mrt-sold-for-106-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-sites-near-novena-mrt-sold-for-106-million\/","title":{"rendered":"Two sites near Novena MRT sold for $106 million"},"content":{"rendered":"


\nThe sites have a total area of about 22,198 sq ft and could be redeveloped into a 20-storey apartment. (Photo: Sakal Real Estate Partners)
\nRH Novena, an indirect associated company of property developer Roxy Pacific Holdings, has purchased two adjacent freehold residential sites at 27 Moulmein Rise for $106 million.
\nNestled at the corner of Sinaran Drive and Moulmein Rise, the sites have a combined area of about 22,198 sq ft. Sakal Real Estate Partners, which handled the sale, noted that they can be redeveloped into a 20-storey residential apartment with a maximum gross floor area of 72,003 sq ft.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nThe prime District 11 sites are located near Novena MRT station, adjacent to the upcoming Health City Novena \u2013 a 17ha integrated masterplan comprising health services, education, research, leisure, commercial and public spaces that is slated for completion by 2030.
\n\u201cThis is a prized location. The sites\u2019 proximity to Novena MRT station, plethora of retail & F&B offerings located nearby and the progressive completion of the Health City Novena will continue to underpin both investor and occupier demand for high quality residences in this area for a long time to come,\u201d said Sakal managing director Steven Ming.
\nRoxy Pacific does not expect the acquisition, which will be funded by bank borrowings and internal funds, to materially affect the group\u2019s consolidated earnings and net tangible assets per share for the current financial year ending 31 December.
\nLearn more about the Novena\/Newton area and\u00a0search 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…Two sites near Novena MRT sold for 6 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The sites have a total area of about 22,198 sq ft and could be redeveloped...<\/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-89983","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-npl","jetpack-related-posts":[{"id":82192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-fever-hits-asia-gardens-novena-site-up-for-sale\/","url_meta":{"origin":89983,"position":0},"title":"En bloc fever hits Asia Gardens, Novena site up for sale","date":"March 8, 2018","format":false,"excerpt":"\r \u00a0 Asia Gardens, a freehold residential site in the exclusive Spottiswoode enclave, has been put up for collective sale for $338 million on Wednesday (7 March), according to sole marketing agent Edmund Tie & Company. Given the plot\u2019s area of 72,059 sq ft, the asking price translates to a\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":89983,"position":1},"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":89989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-in-district-11-up-for-sale-for-at-least-68m\/","url_meta":{"origin":89983,"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":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":89983,"position":3},"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":83139,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-peak-court-on-sale-for-106m\/","url_meta":{"origin":89983,"position":4},"title":"Freehold Peak Court on sale for $106m","date":"March 19, 2018","format":false,"excerpt":"\r View from Peak Court at Thomson Road. (Photo: Edmund Tie & Co) Peak Court in Thomson Road is the latest residential project to go en bloc at an asking price of $106 million, after 100 percent of the owners consented to the sale. Completed in the 1980s, the freehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111502,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/neu-at-novena-to-open-for-preview-with-units-priced-from-1-35m\/","url_meta":{"origin":89983,"position":5},"title":"NEU at Novena to open for preview with units priced from $1.35m","date":"October 11, 2019","format":false,"excerpt":"\r The prime district 11 development features 87 residential units, ranging from two- to four-bedder apartments. There will also be dual key three-bedroom units for multi-generational families and investors. NEU at Novena, a 17-storey freehold residential development by Roxy-Pacific Holdings, Macly Group and Lim Wen Heng Holdings, will open for\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\/89983"}],"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=89983"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/89983\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=89983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=89983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=89983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}