{"id":94219,"date":"2018-07-19T09:39:12","date_gmt":"2018-07-19T02:39:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kentish-green-up-for-en-bloc-sale-for-230mil\/"},"modified":"2018-07-19T10:03:55","modified_gmt":"2018-07-19T03:03:55","slug":"kentish-green-up-for-en-bloc-sale-for-230mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kentish-green-up-for-en-bloc-sale-for-230mil\/","title":{"rendered":"Kentish Green up for en bloc sale for $230mil"},"content":{"rendered":"


\n(Source: GoogleMaps)
\nKentish Green, a 122-unit condominium in Oxford Road, has been put up for collective sale with a reserve price of $230 million, reported The Straits Times.
\nGiven the price, the owners stand to gain $1.736 million to $2.086 million from the successful sale of the development.
\nThe buyer of the development will have to pay a $20 million premium to top up the site\u2019s existing balance lease of 76 years to a fresh 99-year lease as well as a differential premium to intensify the plot ratio.
\nLocated near Farrer Park MRT station, the 59,143 sq ft site can yield 219 to 250 apartments with a small commercial component when redeveloped.
\nOne draw to the development could be the upcoming Russian Cultural Centre in neighbouring Rangoon Road as it could help drive demand for retail activity and accommodation within the area, said marketing agent ERA Realty.
\nA Russian Embassy representative expects work on the cultural centre to start later in the year.
\nKentish Green is also near various schools such as Farrer Park Primary School and St Joseph\u2019s Institution Junior.
\nThe owners had submitted an outline application to the Urban Redevelopment Authority (URA), which revealed that the site\u2019s gross plot ratio may be increased to 3.0 from its current 2.8.
\nThe height control may also be raised to 104m above mean sea level from the current six storeys. This implies that the new development can go as high as 28 floors, subject to a formal development application.
\nThe URA advice is valid for six months starting from May.
\nThe tender for Kentish Green will close on 21 August.
\n\u00a0
\nSenior Content Producer, Christopher Chitty, edited this story
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Kentish Green up for en bloc sale for 0mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Source: GoogleMaps) Kentish Green, a 122-unit condominium in Oxford Road, has been put up for...<\/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-94219","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-ovF","jetpack-related-posts":[{"id":104449,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kentish-green-and-st-thomas-ville-go-en-bloc-again\/","url_meta":{"origin":94219,"position":0},"title":"Kentish Green and St Thomas Ville go en bloc again","date":"February 27, 2019","format":false,"excerpt":"\r The owners of St Thomas Ville are expecting at least $58 million for the 23-unit freehold project at 38 St Thomas Walk. (Photo: JLL) Two more condominiums \u2013 Kentish Green and St Thomas Ville \u2013 are once again trying their luck at a collective sale, after failing in their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pine-tree-condominium-goes-en-bloc-with-148mil-tag\/","url_meta":{"origin":94219,"position":1},"title":"Pine Tree condominium goes en bloc with $148mil tag","date":"July 20, 2018","format":false,"excerpt":"\r (Image source: SLP) Pine Tree Condominium located at the peak of Balmoral Park has joined the en bloc fray carrying a reserve price of $148 million, revealed SLP Scotia. The 50-unit development is nestled on a 3,842.50 sq m (41,276.14 sq ft) site, which is zoned residential under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/true-grit-will-redevelopment-blunt-kentish-towns-edgy-appeal\/","url_meta":{"origin":94219,"position":2},"title":"True grit: will redevelopment blunt Kentish Town\u2019s edgy appeal?","date":"February 23, 2018","format":false,"excerpt":"\r The North London area\u2019s rough edges are slowly being smoothed out\r \r Source : ft.com\r Read more...True grit: will redevelopment blunt Kentish Town\u2019s edgy appeal?","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123547,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-makes-second-collective-sale-attempt-price-remains-at-800mil\/","url_meta":{"origin":94219,"position":3},"title":"Golden Mile Complex makes second collective sale attempt, price remains at $800mil","date":"December 1, 2021","format":false,"excerpt":"\r The 16-storey Golden Mile Complex is making its second collective sale attempt at the same price of $800 million. Golden Mile Complex, which was gazetted as a conserved building in October, has once again been put up for collective sale with a reserve price of $800 million. This marks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/golden-mile-complex.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":51777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunosville-put-up-for-en-bloc-sale\/","url_meta":{"origin":94219,"position":4},"title":"Eunosville put up for en bloc sale","date":"April 13, 2017","format":false,"excerpt":"\r The owners are expecting offers of up to $653 million, which would make the estate the biggest en bloc sale in recent years.\u00a0 Former Housing and Urban Development Company (HUDC) estate Eunosville has been put up for collective sale, with the owners expecting offers of between $643 million and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-up-for-sale-at-800m\/","url_meta":{"origin":94219,"position":5},"title":"Golden Mile Complex up for sale at $800m","date":"October 30, 2018","format":false,"excerpt":"\r The landmark property close to Nicoll Highway MRT station could be redeveloped into an integrated development. (Photo: ET&Co) Golden Mile Complex, a landmark commercial property with a step-terraced building design along Beach Road, has been put up for collective sale with a reserve price of $800 million, revealed marketing\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\/94219"}],"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=94219"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/94219\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=94219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=94219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=94219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}