{"id":95993,"date":"2018-08-14T10:51:16","date_gmt":"2018-08-14T03:51:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-kingsley-mansion-up-for-en-bloc-sale-at-45-5mil\/"},"modified":"2018-08-14T11:02:58","modified_gmt":"2018-08-14T04:02:58","slug":"freehold-condo-kingsley-mansion-up-for-en-bloc-sale-at-45-5mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-kingsley-mansion-up-for-en-bloc-sale-at-45-5mil\/","title":{"rendered":"Freehold condo Kingsley Mansion up for en bloc sale at $45.5mil"},"content":{"rendered":"


\n(Photo credit: Century21)
\nHomeowners at Kingsley Mansion has decided to put the 18-unit residential development off Balestier Road up for en bloc sale for $45.5 million.
\nThe reserve price works out to a land rate of $1,132 per square feet per plot ratio (psf ppr) based on the site\u2019s gross plot ratio of 2.8 or allowable gross floor area (GFA) of around 40,180 sq ft. Including the 10 percent bonus balcony space, the land rate would be further reduced to around $1,086 psf ppr inclusive of a $2.5 million development charge. Each homeowner could pocket between $2.36 million and $2.57 million in the event of a successful sale.
\nWith a height limit of up to 36 storeys, the site could yield about 53 new apartment units averaging 753 sq ft each. No pre-application feasibility study is required for the site, revealed marketing agent C21. It also noted that compared to other areas, supply of new housing units in Balestier is low at about 274 units, despite the new property cooling measures.
\nThe freehold condo is nestled on a 14,350 sq ft site within walking distance to the Toa Payoh MRT Station. It is also accessible via the Central Expressway, Pan Island Expressway, Thomson Road and Balestier Road. Nearby amenities include Zhongshan Mall, Shaw Plaza, Balestier Plaza, Novena Square, United Square, Thomson Medical Centre and Mt. Elizabeth Novena Hospital.
\nThe tender for Kingsley Mansion will close on 13 September.
\n\u00a0
\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Freehold condo Kingsley Mansion up for en bloc sale at .5mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Photo credit: Century21) Homeowners at Kingsley Mansion has decided to put the 18-unit residential development...<\/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-95993","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-oYh","jetpack-related-posts":[{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":95993,"position":0},"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":71967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-condos-up-for-en-bloc-sale\/","url_meta":{"origin":95993,"position":1},"title":"Four condos up for en bloc sale","date":"November 16, 2017","format":false,"excerpt":"\r Derby Court is a freehold condominium development located at 5, Derbyshire Road in District 11 near Novena MRT station. (Photo: JLL) Four residential developments, including the iconic Pearlbank Apartments in Outram, have been put up in separate tenders for en bloc sale. The others are Parkway Mansion in Katong,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":95993,"position":2},"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":83363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/olina-lodge-verdun-house-launched-for-collective-sale\/","url_meta":{"origin":95993,"position":3},"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":[]},{"id":81171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-estoril-tulip-garden-up-for-collective-sale\/","url_meta":{"origin":95993,"position":4},"title":"The Estoril, Tulip Garden up for collective sale","date":"February 27, 2018","format":false,"excerpt":"\r Aerial view of Tulip Garden. (Photo: Colliers International) Two residential developments in prime district 10 \u2013 The Estoril and Tulip Garden \u2013 recently joined the en bloc sale bandwagon. Located at 95 & 97 Holland Road, The Estoril carries a guide price of $220 million, or around $1,625 psf\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-in-district-11-up-for-sale-for-at-least-68m\/","url_meta":{"origin":95993,"position":5},"title":"Gilstead Mansion in District 11 up for sale for at least $68m","date":"May 31, 2018","format":false,"excerpt":"\r The freehold project sits on a 35,751 sq ft site and is close to the Newton, Novena and Little India MRT stations. 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