{"id":91214,"date":"2018-06-12T11:35:48","date_gmt":"2018-06-12T04:35:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/roxy-pacific-set-to-redevelop-kismis-view-en-bloc-site\/"},"modified":"2018-06-12T12:03:01","modified_gmt":"2018-06-12T05:03:01","slug":"roxy-pacific-set-to-redevelop-kismis-view-en-bloc-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/roxy-pacific-set-to-redevelop-kismis-view-en-bloc-site\/","title":{"rendered":"Roxy-Pacific set to redevelop Kismis View en bloc site"},"content":{"rendered":"


\nA Roxy-Pacific led joint venture intends to combine the Kismis View site with an adjacent plot to create a huge residential redevelopment measuring 100,336 sq ft. (Photo: JLL)
\nSingapore-listed property developer Roxy-Pacific Holdings is poised to redevelop the Kismis View en bloc site after obtaining the necessary approvals, revealed an SGX filing on Monday (11 June).
\nFor instance, the Strata Titles Board has granted the order for sale for the collective sale of the 90,863 sq ft residential site with an existing plot ratio of 1.4.
\nMore: Roxy-Pacific Has Big Plans For Kismis View Site
\nIn January, Roxy-Pacific announced that its wholly-owned unit RP Ventures and joint venture partner TE2 Development agreed to purchase Kismis View for $102.75 million, which works out to a land rate $941 psf per plot ratio (psf ppr).
\nThe joint venture has also obtained in-principal approval from the Singapore Land Authority to refresh the 99-year leasehold lease of Kismis View and 19 Lorong Kismis, a 9,473 sq ft adjacent site it agreed to conditionally buy for $5.688 million in February.
\nBoth land parcels will be combined to create a redevelopment site spanning 100,336 sq ft.
\n\u201cFollowing the above, all the conditions of the purchase agreements have been fulfilled and the acquisition of Kismis View and 19 Lorong Kismis are scheduled for completion,\u201d noted Roxy-Pacific.
\nHome 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…Roxy-Pacific set to redevelop Kismis View en bloc site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Roxy-Pacific led joint venture intends to combine the Kismis View site with an adjacent...<\/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-91214","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-nJc","jetpack-related-posts":[{"id":79456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/roxy-pacific-has-big-plans-for-kismis-view-site\/","url_meta":{"origin":91214,"position":0},"title":"Roxy-Pacific has big plans for Kismis View site","date":"February 9, 2018","format":false,"excerpt":"\r A Roxy-Pacific led joint venture intends to combine the Kismis View site with an adjacent plot to create a huge residential redevelopment measuring 100,336 sq ft. (Photo: JLL) Following their $102.75 million en bloc purchase of the 90,863 sq ft Kismis View site last month, Roxy-Pacific Holdings and its\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":91214,"position":1},"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":72637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kismis-view-up-for-en-bloc-sale-for-102mil\/","url_meta":{"origin":91214,"position":2},"title":"Kismis View up for en bloc sale for $102mil","date":"November 23, 2017","format":false,"excerpt":"\r Kismis View is a 99-year leasehold condominium development located at District 21. (Photo: JLL) Kismis View along Lorong Kismis within the Upper Bukit Timah area has been put up for en bloc sale, with the owners setting the minimum price at $102 million, revealed marketing agent JLL. Comprising 43\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dunearn-court-sold-to-roxy-pacific-for-36-3m\/","url_meta":{"origin":91214,"position":3},"title":"Dunearn Court sold to Roxy-Pacific for $36.3m","date":"October 23, 2017","format":false,"excerpt":"\r Each owner will receive about $2.91 million to $3.12 million from the sale. (Photo: Knight Frank) The en bloc market continues to roll with the sale of Dunearn Court to RH Central, a subsidiary of Roxy-Pacific Holdings, for $36.3 million. This is slightly lower than the guide price of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/roxy-pacific-unit-te2-acquire-the-wilshire-for-98-8mil\/","url_meta":{"origin":91214,"position":4},"title":"Roxy Pacific unit, TE2 acquire The Wilshire for $98.8mil","date":"January 29, 2018","format":false,"excerpt":"\r A joint venture of RP Ventures Pte Ltd and TE2 Development Pte Ltd has acquired The Wilshire for $98.8 million, which works out to a land rate of $1,536 psf per plot ratio (ppr), revealed Savills Singapore, which brokered the deal. RP Ventures Pte Ltd is a subsidiary of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72077,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vista-park-up-for-collective-sale-for-350mil\/","url_meta":{"origin":91214,"position":5},"title":"Vista Park up for collective sale for $350mil","date":"November 17, 2017","format":false,"excerpt":"\r Joining in the collective sale frenzy, Vista Park condominium has also launched a tender for en bloc sale, with the owners expecting offers of at least S$350 million, reported Business Times. At this price, each unit owner could gain between S$1.16 million and S$3.5 million, which is a premium\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\/91214"}],"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=91214"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91214\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=91214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=91214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=91214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}