{"id":95241,"date":"2018-08-02T10:06:40","date_gmt":"2018-08-02T03:06:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/windy-heights-condo-up-for-en-bloc-sale-again\/"},"modified":"2018-08-02T11:03:03","modified_gmt":"2018-08-02T04:03:03","slug":"windy-heights-condo-up-for-en-bloc-sale-again","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/windy-heights-condo-up-for-en-bloc-sale-again\/","title":{"rendered":"Windy Heights condo up for en bloc sale again"},"content":{"rendered":"


\nThe condo owners are going through a re-signing process to revise the reserve price to a lower amount. (Photo: Knight Frank)
\nDespite a failed bid earlier in the year and the introduction by the government of new property cooling measures, owners at Windy Heights in Kembangan remain undeterred as they put the condo project up for collective sale again.
\nMarketing agent Knight Frank Singapore revealed that while the reserve price of $806.2 million from the condo\u2019s earlier attempt is unchanged, the \u201cowners are going through a re-signing process to revise the reserve price\u201d to $750 million, reported the Straits Times.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nDown 6.97 percent from the earlier price, the revised price would translate to $1,089 psf per plot ratio (psf ppr), including the 10 percent bonus balcony gross floor area, subject to authorities\u2019 approval.
\nThe original land rate stood at $1,171 psf ppr, or $1,288 psf ppr if the balcony area is not taken into account.
\nNestled on an approximately 250,702 sq ft site in Jalan Daud, Windy Heights comprises 192 apartments, eight penthouses and two commercial units.
\nWith no development charge payable, the site could be redeveloped into 581 new housing units.
\nKnight Frank\u2019s executive director and head of investment and capital markets Ian Loh expects new launches within the Kembangan and Bedok area to be sought after since there isn\u2019t much impending supply there.
\nThe new tender for Windy Heights closes on 7 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…Windy Heights condo up for en bloc sale again<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The condo owners are going through a re-signing process to revise the reserve price to...<\/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-95241","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-oM9","jetpack-related-posts":[{"id":98054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-makes-third-try-at-collective-sale-with-1-48b-reserve-price\/","url_meta":{"origin":95241,"position":0},"title":"Laguna Park makes third try at collective sale with $1.48b reserve price","date":"September 18, 2018","format":false,"excerpt":"\r The 99-year leasehold condo at Marine Parade Road is near the upcoming Siglap MRT station. (Photo: Knight Frank) After two en bloc sale attempts in 2007 and 2010, owners of former HUDC estate Laguna Park are making another bid at a collective sale, reported Channel NewsAsia. Carrying a reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95087,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-fragrant-gardens-up-for-collective-sale\/","url_meta":{"origin":95241,"position":1},"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":69748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mayfair-gardens-up-for-en-bloc-sale-at-265m\/","url_meta":{"origin":95241,"position":2},"title":"Mayfair Gardens up for en bloc sale at $265m","date":"October 23, 2017","format":false,"excerpt":"\r The asking price works out to a land rate of around $1,058 psf per plot ratio. (Photo: Knight Frank) Mayfair Gardens off Dunearn Road has been launched for collective sale, with the owners expecting offers above the reserve price of $265 million, according to marketing agent Knight Frank. Built\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/windy-heights-up-for-en-bloc-sale-for-806-2m\/","url_meta":{"origin":95241,"position":3},"title":"Windy Heights up for en bloc sale for $806.2m","date":"February 28, 2018","format":false,"excerpt":"\r Windy Heights is one of the largest freehold residential redevelopment sites in District 14. (Photo: Knight Frank) The current en bloc fever shows no signs of abating with Windy Heights being the latest project to join the craze. Located off Jalan Daud, the freehold residential estate comprises four residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102319,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-30-en-bloc-sites-fail-to-secure-buyers\/","url_meta":{"origin":95241,"position":4},"title":"Over 30 en bloc sites fail to secure buyers","date":"December 17, 2018","format":false,"excerpt":"\r The owners of Windy Heights in Kembangan are undergoing a re-signing process to cut the reserve price to $750 million. Singapore\u2019s en bloc residential market has slowed down, with over 30 sites failing to secure buyers after the government introduced fresh property curbs in July, reported Channel NewsAsia. \u201cAfter\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":95241,"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\/95241"}],"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=95241"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95241\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}