{"id":98054,"date":"2018-09-18T11:19:26","date_gmt":"2018-09-18T04:19:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-makes-third-try-at-collective-sale-with-1-48b-reserve-price\/"},"modified":"2018-09-18T12:03:41","modified_gmt":"2018-09-18T05:03:41","slug":"laguna-park-makes-third-try-at-collective-sale-with-1-48b-reserve-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-makes-third-try-at-collective-sale-with-1-48b-reserve-price\/","title":{"rendered":"Laguna Park makes third try at collective sale with $1.48b reserve price"},"content":{"rendered":"


\nThe 99-year leasehold condo at Marine Parade Road is near the upcoming Siglap MRT station. (Photo: Knight Frank)
\nAfter 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.
\nCarrying a reserve price of $1.48 billion, the 99-year leasehold development at Marine Parade Road comprises seven blocks of 506 standard apartments, 10 penthouses and 12 commercial units.
\nMore: Pandan Valley seeks record $2.6b en bloc asking price \u00a0
\nMarketing agent Knight Frank noted that the land price translates to $1,253 psf per plot ratio (psf ppr) after factoring in a $416.1 million lease top-up premium and a $453.5 million additional differential premium.
\nIt added that the 62,000 sq m site may be redeveloped to yield 2,487 new units averaging 70 sq m each.
\n\u201cLaguna Park is possibly the first and only en bloc site to be launched for collective sale offering both panoramic sea views and the convenience of an MRT station entrance at its doorstep,\u201d said Ian Loh, executive director and head of investment and capital markets at Knight Frank Singapore.
\nThe nearby Siglap MRT station is set to be completed by 2023.
\nThe tender for Laguna Park will close on 1 November.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\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…Laguna Park makes third try at collective sale with .48b reserve price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 99-year leasehold condo at Marine Parade Road is near the upcoming Siglap MRT station....<\/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-98054","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-pvw","jetpack-related-posts":[{"id":105897,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/laguna-park-goes-en-bloc-again-at-1-48-billion\/","url_meta":{"origin":98054,"position":0},"title":"Laguna Park goes en bloc again at $1.48 billion","date":"April 9, 2019","format":false,"excerpt":"\r Despite three failed attempts, Laguna Park near East Coast Park is once again attempting an en bloc sale. (Photo: Knight Frank) After three failed attempts, Laguna Park has once again been launched for en bloc sale, carrying a reserve price of $1.48 billion. Including a differential premium of about\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":98054,"position":1},"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":68320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/normanton-park-sold-for-830-1m-or-969-psf-ppr\/","url_meta":{"origin":98054,"position":2},"title":"Normanton Park sold for $830.1m, or $969 psf ppr","date":"October 6, 2017","format":false,"excerpt":"\r This is the highest land rate achieved for a 99-year leasehold collective sale site this year. (Photo: Knight Frank) The Normanton Park condominium located off Ayer Rajah Expressway has been sold collectively to Kingsford Huray Development for $830.1 million, marketing agent Knight Frank said on Thursday (5 October). It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-mansion-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":98054,"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":123140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thomson-view-up-for-en-bloc-sale-for-950mil\/","url_meta":{"origin":98054,"position":4},"title":"Thomson View up for en bloc sale for $950mil","date":"November 10, 2021","format":false,"excerpt":"\r Thomson View Condominium is a 50,197 sq m site with a reserve price of $950 million. Source: Google Maps The owners of Thomson View Condominium have once again put up the 99-year leasehold development for collective sale, with a reserve price of $950 million, reported The Business Times (BT),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/thomson-view.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/horizon-towers-up-for-en-bloc-sale-for-1-1b\/","url_meta":{"origin":98054,"position":5},"title":"Horizon Towers up for en bloc sale for $1.1b","date":"July 6, 2018","format":false,"excerpt":"\r The reserve price works out to a land rate of $1,964 psf per plot ratio. (Photo: JLL) Horizon Towers, a 211-unit residential development at Leonie Hill in District 9, has been launched for collective sale with a reserve price of $1.1 billion. Including the lease top-up premium of about\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\/98054"}],"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=98054"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/98054\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=98054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=98054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=98054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}