{"id":93189,"date":"2018-07-05T07:30:02","date_gmt":"2018-07-05T00:30:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/"},"modified":"2018-07-05T08:02:50","modified_gmt":"2018-07-05T01:02:50","slug":"two-small-condo-projects-up-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","title":{"rendered":"Two small condo projects up for en bloc sale"},"content":{"rendered":"


\nThe 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo: Huttons Asia)
\nTwo small condo developments \u2013 Jansen Mansion and Blossom Mansions \u2013 have joined the collective sale bandwagon, carrying a price tag of $22 million and $32.8 million respectively, revealed marketing agent Huttons Asia.
\nIt noted that the small sites are suitable for boutique developers.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nLocated along Jansen Road, the 12-unit Jansen Mansion sits on a 16,592.55 sq ft site zoned residential under the 2014 Master Plan with a gross plot ratio of 1.4 and a height control of up to five storeys.
\nThe 999-year leasehold site can be developed into 21 condominium units averaging about 1,076 sq ft each.
\nHuttons revealed that a development charge of about $1.14 million is payable to build up to a plot ratio of 1.4, and another $1.74 million for an additional 10 percent balcony space.
\nIncluding the development charge, Jansen Mansion\u2019s land rate works out to $996 psf per plot ratio (psf ppr), or $974 psf ppr inclusive of the 10 percent additional balcony space.
\nAll the homeowners at Jansen Mansion have consented to the collective sale, while 90 percent of the owners at Blossom Mansions have agreed to the sale.
\nLocated along Lorong 37 Geylang, Blossom Mansions has a site area of 8,867.30 sq ft. The freehold property is zoned residential\/institution under the 2014 Master Plan with a gross plot ratio of 2.8 and a height limit of up to eight storeys.
\n\u201cThe prospective developer can potentially redevelop the site up to the existing gross floor area (GFA) of 25,990.73 sq ft which could possibly yield 34 units of residential apartments averaging about 70 sq m (753 sq ft) each,\u201d said Huttons.
\nIt noted that no development charge is payable for the site due to its high development baseline. With this, the project\u2019s $32.8 million reserve price works out to about $1,262 psf ppr.
\nThe tender for Blossom Mansions and Jansen Mansion will close on 31 July and 2 August respectively.
\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…Two small condo projects up for en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo:...<\/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-93189","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-of3","jetpack-related-posts":[{"id":91720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloria-mansion-in-district-5-up-for-en-bloc-sale-at-79m\/","url_meta":{"origin":93189,"position":0},"title":"Gloria Mansion in District 5 up for en bloc sale at $79m","date":"June 19, 2018","format":false,"excerpt":"\r The hilltop apartment at Pasir Panjang Road is close to Haw Par Villa MRT station, the West Coast Highway and Ayer Rajah Expressway. (Photo: Huttons Asia) Gloria Mansion, a freehold residential development at Pasir Panjang Road, has been put up for collective sale with a reserve price of $79\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-condo-up-for-en-bloc-sale-for-s235mil\/","url_meta":{"origin":93189,"position":1},"title":"Sun Rosier condo up for en bloc sale for S$235mil","date":"August 28, 2017","format":false,"excerpt":"\r With a maximum gross floor area of 204,464 sq ft, the freehold site can yield 204 housing units with an average size of around 1,000 sq ft each. (Photo: Google Maps) The owners of the 78-unit Sun Rosier condominium in How Sun Drive have joined the collective sale bandwagon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-west-up-for-en-bloc-sale-for-s818mil\/","url_meta":{"origin":93189,"position":2},"title":"Park West up for en bloc sale for S$818mil","date":"December 5, 2017","format":false,"excerpt":"\r After two failed attempts at a collective sale in 2007 and 2011, Park West condominium near Clementi MRT station has once again been put up for en bloc sale with an asking price of S$818 million, reported Channel News Asia. This comes after over 80 percent of the owners\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/","url_meta":{"origin":93189,"position":3},"title":"Watten Estate Condominium up for en bloc sale for $536m","date":"July 30, 2019","format":false,"excerpt":"\r Located at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft.\u00a0After factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-view-mansions-to-go-en-bloc-at-a-lower-price\/","url_meta":{"origin":93189,"position":4},"title":"Park View Mansions to go en bloc at a lower price","date":"December 11, 2018","format":false,"excerpt":"\r The 160-unit residential development is located right next to the scenic Jurong Lake Gardens. (Photo: Huttons Asia) Park View Mansions is set to relaunch its en bloc sale tender on Wednesday (12 Dec) at a reserve price of $250 million, down 22 percent from the $320 million price in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-sold-en-bloc-for-271m\/","url_meta":{"origin":93189,"position":5},"title":"Sun Rosier sold en bloc for $271m","date":"September 25, 2017","format":false,"excerpt":"\r Each owner is expected to gain around $2.86 million to $4.77 million from the sale. (Photo: Google Maps) In the latest en bloc sale, SingHaiyi Group has acquired Sun Rosier condominium at 5A How Sun Drive off Bartley Road for $271 million, up 15.3 percent from its $235 million\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\/93189"}],"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=93189"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/93189\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=93189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=93189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=93189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}