{"id":95635,"date":"2018-08-08T10:02:02","date_gmt":"2018-08-08T03:02:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-the-regalia-up-for-collective-sale-at-403m\/"},"modified":"2018-08-08T10:03:20","modified_gmt":"2018-08-08T03:03:20","slug":"freehold-condo-the-regalia-up-for-collective-sale-at-403m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-the-regalia-up-for-collective-sale-at-403m\/","title":{"rendered":"Freehold condo The Regalia up for collective sale at $403m"},"content":{"rendered":"


\nAerial view of The Regalia condominium at River Valley Close. (Photo: CBRE)
\nThe Regalia, a freehold condo in District 9, has been put up for en bloc sale with a guide price of $403 million.
\nThe price works out to a land rate of $1,892 psf per plot ratio (psf ppr) or a lower $1,814 psf ppr after taking into account the 10 percent bonus balcony area.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nLocated at 2 River Valley Close, The Regalia comprises 112 apartments and four penthouses. It sits on a 63,371 sq ft site zoned residential under the 2014 Master Plan with a plot ratio of 2.8 and height limit of up to 36 storeys.
\n\u201cBased on URA\u2019s Gross Floor Area (GFA) verification, the site\u2019s existing GFA is higher at approximately 213,052 sq ft, or equivalent to a plot ratio of approximately 3.36, and no development charge is payable up to the existing GFA,\u201d said marketing agent CBRE.
\nIt noted that the site could yield 302 residential units when redeveloped.
\nJust 300m from the upcoming Great World MRT station on the Thomson-East Coast Line, the freehold condo is a short walk from Somerset MRT station and Orchard Road.
\nIt is also near various schools including River Valley Primary School, Anglo-Chinese School (Junior), Alexandra Primary School, Zhangde Primary School and St. Margaret\u2019s Primary School.
\nMeanwhile, the redevelopment of \u201cthe former Zouk site on Jiak Kim Street into a mixed-use development, as well as major refurbishment works at Great World City\u201d is expected to enhance the value of real estate within the area, said CBRE capital markets director Sammi Lim.
\n\u201cSuch sites with strong attributes will continue to appeal to developers who take a long-term view of prime residential demand in Singapore,\u201d she said. \u201cWe expect both local and foreign developers to be keen to evaluate this site as it offers them the unique opportunity to present an iconic landmark development to add to the central Singapore skyline.\u201d
\nThe tender for The Regalia closes on 25 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 The Regalia up for collective sale at 3m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of The Regalia condominium at River Valley Close. (Photo: CBRE) The Regalia, a...<\/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-95635","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-oSv","jetpack-related-posts":[{"id":102760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-highpoint-goes-en-bloc-for-550m\/","url_meta":{"origin":95635,"position":0},"title":"Freehold condo HighPoint goes en bloc for $550m","date":"January 8, 2019","format":false,"excerpt":"\r The asking price works out to $2,595 psf ppr before factoring in balconies. (Photo: CBRE) HighPoint, a freehold residential development at the highest point of the Mount Elizabeth-Orchard district, has been launched for en bloc sale with a guide price of $550 million, revealed marketing agent CBRE. The price\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":95635,"position":1},"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":[]},{"id":95087,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-fragrant-gardens-up-for-collective-sale\/","url_meta":{"origin":95635,"position":2},"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":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":95635,"position":3},"title":"Two small condo projects up for en bloc sale","date":"July 5, 2018","format":false,"excerpt":"\r The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo: Huttons Asia) Two 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pacific-mansion-up-for-en-bloc-sale-for-938m\/","url_meta":{"origin":95635,"position":4},"title":"Pacific Mansion up for en bloc sale for $938m","date":"February 7, 2018","format":false,"excerpt":"\r The prime freehold site in District 9 is located next to the upcoming Great World MRT station. (Photo: CBRE) Pacific Mansion, a freehold residential development along River Valley Close, has been put up for collective sale at a reserve price of $938 million, or $1,728 psf per plot ratio\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/olina-lodge-verdun-house-launched-for-collective-sale\/","url_meta":{"origin":95635,"position":5},"title":"Olina Lodge, Verdun House launched for collective sale","date":"March 22, 2018","format":false,"excerpt":"\r Completed in 1990, the freehold Olina Lodge has a reserve price of $220 million. (Photo: SRI) The collective sales fever continues to heat up with the recent launch of two freehold developments \u2013 Olina Lodge and Verdun House, revealed marketing agent Singapore Realtors Inc (SRI). Located at 15 Holland\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\/95635"}],"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=95635"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95635\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}