{"id":94525,"date":"2018-07-24T10:09:46","date_gmt":"2018-07-24T03:09:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-sutton-place-up-for-sale-at-268m\/"},"modified":"2018-07-24T11:02:51","modified_gmt":"2018-07-24T04:02:51","slug":"freehold-condo-sutton-place-up-for-sale-at-268m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-sutton-place-up-for-sale-at-268m\/","title":{"rendered":"Freehold condo Sutton Place up for sale at $268m"},"content":{"rendered":"


\nSutton Place is located close to Farrer Road MRT station, and is also a short drive to the Central Business District and Orchard Road. (Photo: Knight Frank)
\nSutton Place, a five-storey residential development off Farrer Road, has been put up for sale with a reserve price of $268 million, revealed Knight Frank Singapore.
\nSubject to confirmation from the relevant authorities, a development charge of about $17.88 million is payable for the redevelopment of the freehold condo, translating to a land rate of about $1,917 psf per plot ratio (psf ppr).
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nThe 44-unit development is nestled on an approximately 93,185 sq ft site, which is zoned residential under the 2014 Master Plan with an allowable plot ratio of 1.6. The site is not subject to a pre-application feasibility study and can be redeveloped into a condominium project with 198 units averaging 753 sq ft, subject to the Urban Redevelopment Authority\u2019s approval.
\nSituated within 500m from Farrer Road MRT station, Sutton Place is well connected to other parts of Singapore via the Ayer Rajah Expressway, Pan-Island Expressway and Farrer Road. It is also a short drive to the Central Business District and Orchard Road.
\nThe development is also near Holland Village, Chip Bee Gardens and Dempsey Hill as well as various schools including Nanyang Primary School, Anglo-Chinese School (International), Raffles Girls\u2019 Primary School, The Chinese High School, Nanyang Girls\u2019 High School, National Junior College and Hwa Chong Institution.
\n\u201cDespite recent cooling measures, the price quantum is still palatable and the potential for less than 200 units is a low-risk acquisition to developers,\u201d said Ian Loh, executive director and head, investment and capital markets, Knight Frank Singapore.
\nThe tender for Sutton Place closes on 6 September.
\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…Freehold condo Sutton Place up for sale at 8m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sutton Place is located close to Farrer Road MRT station, and is also a short...<\/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-94525","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-oAB","jetpack-related-posts":[{"id":95087,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-fragrant-gardens-up-for-collective-sale\/","url_meta":{"origin":94525,"position":0},"title":"Freehold condo Fragrant Gardens up for collective sale","date":"July 31, 2018","format":false,"excerpt":"\r The low-rise condominium located off Paya Lebar Road has a reserve price of $65 million. (Photo: Knight Frank) Fragrant Gardens, a low-rise residential development located off Upper Paya Lebar Road has been put up for en bloc sale with a reserve price of $65 million, revealed marketing agent Knight\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-olina-lodge-sold-for-230-9m\/","url_meta":{"origin":94525,"position":1},"title":"Freehold Olina Lodge sold for $230.9m","date":"April 23, 2018","format":false,"excerpt":"\r The sale price is 5.0 percent higher than the owners\u2019 reserve price of $220 million, and works out to a land rate of $1,712 psf ppr. (Photo: SRI) The freehold Olina Lodge at 15 Holland Hill has been successfully sold for $230.9 million to Peak Opal, a unit of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spanish-village-in-district-10-up-for-sale-at-882m\/","url_meta":{"origin":94525,"position":2},"title":"Spanish Village in District 10 up for sale at $882m","date":"June 4, 2018","format":false,"excerpt":"\r The 331,457 sq ft site is located near Farrer Road MRT station, Holland Village and Dempsey Hill. (Photo: ET&Co) Spanish Village, a freehold residential project along Farrer Road in District 10, has been put up for collective sale at $882 million, revealed marketing agent Edmund Tie & Company (ET&Co).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/img.youtube.com\/vi\/eOnlX2DIfU8\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":61948,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dunearn-court-put-up-for-en-bloc-sale\/","url_meta":{"origin":94525,"position":3},"title":"Dunearn Court put up for en bloc sale","date":"July 27, 2017","format":false,"excerpt":"\r The guide price for the freehold site is $38.8 million, or about $1,443 psf per plot ratio. (Photo: Knight Frank) A 12-unit apartment complex along Dunearn Road in District 11 is the latest in a string of residential properties to attempt a collective sale. The freehold Dunearn Court sits\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":94525,"position":4},"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":94037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-freehold-condos-launched-for-en-bloc-sale\/","url_meta":{"origin":94525,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/94525"}],"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=94525"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/94525\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=94525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=94525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=94525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}