{"id":89997,"date":"2018-05-31T14:06:55","date_gmt":"2018-05-31T07:06:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-news-roundup-may-2018\/"},"modified":"2018-05-31T15:02:55","modified_gmt":"2018-05-31T08:02:55","slug":"propertyguru-news-roundup-may-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-news-roundup-may-2018\/","title":{"rendered":"PropertyGuru News Roundup (May 2018)"},"content":{"rendered":"


\nOur top Singapore property stories.
\nChancery Court In District 11 Sold En Bloc For $401.8m
\nChancery Court, a privatised HUDC estate right across the road from the Anglo Chinese School campus, has been sold en bloc for $401.78 million, or six percent higher than its reserve price of $390 million, revealed marketing agent OrangeTee Advisory on 17 May.
\nThe purchase price works out to a land rate of about $1,610 psf per plot ratio, after taking into account a differential premium and lease upgrading premium of around $182.4 million to redevelop the site to a gross plot ratio of 1.4, based on the maximum permissible gross floor area of 362,788 sq ft, and to top up the lease to a fresh 99 years.
\nWith a site area of approximately 259,134 sq ft, Chancery Court comprises a 16-storey tower block and seven blocks of four-storey walk-up maisonettes. Read more<\/p>\n

85% Of Twin Vew Units Sold Over Weekend Launch
\nCSC Land\u2019s Twin Vew condominium in West Coast Vale sold 85 percent or 442 of the total 520 units during the weekend launch in early May.
\nAll unit types had a good take-up rate, including four penthouses sold. The average price of units sold was $1,399 psf.
\nThousands of buyers turned up for the balloting exercise at the showflat, which saw a queue form as early as 8am on Saturday. This comes after a successful two-week preview period. Read more<\/p>\n

URA To Adjust Guidelines If Developers Build Too Many Shoebox Units
\nThe Urban Redevelopment Authority (URA) said earlier this month that it will intervene, if needed, to prevent property developers from building too many tiny apartments or shoebox units amidst the ongoing collective sales fever.
\n\u201cWe agree that shoebox units should not form a disproportionately large portion of Singapore\u2019s housing stock,\u201d wrote Goh Chin Chin, development control group director at URA, in response to recent forum letters in the Straits Times.
\n\u201cWe are monitoring the trend closely and will adjust the guidelines if needed.\u201d Read more<\/p>\n

Up To 29 New Launches Offering 14,200 Units For Rest Of Year: Report
\nUp to 29 private residential projects could be launched between the second and fourth quarters of this year, supplying about 14,200 new units and raising concerns of an overheating housing market, according to a recent report from List Sotheby\u2019s International Realty, Singapore.
\nThe report analysed recent en bloc sales and Government Land Sales (GLS) sites, based on the assumption of a period of nine to 12 months for projects to be built on GLS sites to obtain all planning approvals before launching, and a longer period of 15 to 18 months for collective sale sites.
\nAs such, the property consultancy identified 29 sites acquired by developers from mid-2016 to August 2017 that could be launched later this year. Read more
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…PropertyGuru News Roundup (May 2018)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Our top Singapore property stories. Chancery Court In District 11 Sold En Bloc For $401.8m...<\/p>\n","protected":false},"author":1,"featured_media":89998,"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-89997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/Singapore-property.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-npz","jetpack-related-posts":[{"id":88626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chancery-court-in-district-11-sold-en-bloc-for-401-8m\/","url_meta":{"origin":89997,"position":0},"title":"Chancery Court in District 11 sold en bloc for $401.8m","date":"May 18, 2018","format":false,"excerpt":"\r The purchase price works out to a land rate of about $1,610 psf per plot ratio. (Photo: OrangeTee Advisory) Chancery Court, a privatised HUDC estate right across the road from the Anglo Chinese School campus, has been sold en bloc for $401.78 million, or six percent higher than its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chancery-court-put-up-for-collective-sale-at-390m\/","url_meta":{"origin":89997,"position":1},"title":"Chancery Court put up for collective sale at $390m","date":"April 2, 2018","format":false,"excerpt":"\r The asking price works out to a land rate of $1,572 psf per plot ratio. (Photo: OrangeTee Advisory) Chancery Court, a privatised HUDC estate along Dunearn Road, has been launched for collective sale at an asking price of $390 million, or a land rate of $1,572 psf per plot\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":89997,"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":89989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-in-district-11-up-for-sale-for-at-least-68m\/","url_meta":{"origin":89997,"position":3},"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":77624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kismis-view-sold-en-bloc-for-102-75m\/","url_meta":{"origin":89997,"position":4},"title":"Kismis View sold en bloc for $102.75m","date":"January 22, 2018","format":false,"excerpt":"\r The residents of the 43-unit residential development will receive gross sales proceeds ranging from $1.6 million to $3.3 million. (Photo: JLL) Kismis View, a 99-year leasehold condominium built in 1984 and sited on a 90,863 sq ft land parcel in Upper Bukit Timah, has been purchased via collective sale\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":89997,"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. (Photo: Teakhwa Real Estate) In a bid to beat the clock before the new rules on unit sizes outside the central area kick in as well as the chill of property cooling\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\/89997"}],"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=89997"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/89997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/89998"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=89997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=89997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=89997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}