{"id":96463,"date":"2018-08-22T07:30:54","date_gmt":"2018-08-22T00:30:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-property-cheng-hoe-house-at-kovan-road-up-for-collective-sale\/"},"modified":"2018-08-22T08:03:06","modified_gmt":"2018-08-22T01:03:06","slug":"freehold-property-cheng-hoe-house-at-kovan-road-up-for-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-property-cheng-hoe-house-at-kovan-road-up-for-collective-sale\/","title":{"rendered":"Freehold property Cheng Hoe House at Kovan Road up for collective sale"},"content":{"rendered":"


\nPhoto credits: Teakhwa Real Estate
\nA group of eight townhouses along Kovan Road has been put up for collective sale for $28 million or $1,082.9 per square foot per plot ratio (psf ppr), inclusive of a $6.1 million development charge, reported the Business Times.
\nKnown as Cheng Hoe House, the freehold property sits on a 22,484.9 sq ft site, with a plot ratio of 1.4 as well as a height limit of up to five storeys. Marketing agent Teakhwa Real Estate noted that the site could yield 29 new apartment units averaging 1,076 sq ft each.
\nThe property at 10 Kovan Road is mostly surrounded by landed and low-rise housing. It is located near Kovan MRT station, Kovan City and Heartland Mall, while nearby schools include Paya Lebar Methodist Primary School and Rosyth School.
\nMeanwhile, it\u2019s land rate may be lowered further to $1,052.5 psf ppr, if the 10 percent bonus balcony area is taken into account.
\n\u201cThe potential freehold residential development will appeal very much to owner-occupiers and first-time buyers with parents staying close by the estate,\u201d said Teakhwa Real Estate managing director Sieow Teak Hwa.
\nThe tender for Cheng Hoe House closes on 19 September.
\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 property Cheng Hoe House at Kovan Road up for collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Photo credits: Teakhwa Real Estate A group of eight townhouses along Kovan Road has been...<\/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-96463","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-p5R","jetpack-related-posts":[{"id":75259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-more-sites-up-for-collective-sale\/","url_meta":{"origin":96463,"position":0},"title":"Two more sites up for collective sale","date":"December 26, 2017","format":false,"excerpt":"\r Kovan Lodge is a freehold condominium development located at 51A, Kovan Road (S)548135 in District 19. The collective sales market continues to heat up with the launch of two more sites \u2013 the freehold development of Kovan Lodge and 43-unit Ampas Apartments, reported The Straits Times. Nestled on a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kovan-apartments-up-for-collective-sale-for-33mil\/","url_meta":{"origin":96463,"position":1},"title":"Kovan Apartments up for collective sale for $33mil","date":"January 2, 2018","format":false,"excerpt":"\r Kovan Apartments, a four-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33 million, revealed marketing agent Savills Singapore. The asking price, however, excludes an estimated development charge of $2.57 million since the site is not fully\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-leasehold-residential-site-in-kovan-on-sale-for-18-million\/","url_meta":{"origin":96463,"position":2},"title":"999-year leasehold residential site in Kovan on sale for $18 million","date":"February 19, 2021","format":false,"excerpt":"\r 999-year leasehold residential site in Kovan on sale for $18 millionLocated within the mature Kovan estate, the 1,955.2 sq m (21,046 sq ft) site is zoned for residential use under the\u00a02019 Master Plan\u00a0with a plot ratio of 1.4 and is held by a single owner. Image: Edmund Tie A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/48-Hillside-Drive1774.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":96463,"position":3},"title":"Gilstead Mansion relaunched for collective sale at lower price","date":"October 25, 2018","format":false,"excerpt":"\r The 24-unit residential development has been relaunched for collective sale at a guide price of $65 million. (Photo: Teakhwa Real Estate) In a bid to beat the clock before the new rules on unit sizes outside the central area kick in as well as the chill of property cooling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-residential-site-at-kovan-up-for-sale\/","url_meta":{"origin":96463,"position":4},"title":"999-year residential site at Kovan up for sale","date":"June 25, 2021","format":false,"excerpt":"\r 999-year residential site at Kovan up for saleThe 2.5 storey house at\u00a034 Jansen Road\u00a0features five bedrooms and a swimming pool, and has a site area of 9,617 sq ft. Photo: Colliers A 999-year leasehold residential site at 34 Jansen Road has been put up for sale via expression of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/34JansenRd-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jansen-mansions-goes-en-bloc-again-with-lower-reserve-price\/","url_meta":{"origin":96463,"position":5},"title":"Jansen Mansions goes en bloc again, with lower reserve price","date":"February 19, 2021","format":false,"excerpt":"\r Jansen Mansions goes en bloc again, with lower reserve priceThe $19.8 million price works out to a land rate of $879 per sq ft per plot ratio (psf ppr), inclusive of the development charge as well as the 7% bonus balcony space. 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