{"id":98425,"date":"2018-09-24T11:44:24","date_gmt":"2018-09-24T04:44:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-east-coast-site-launched-for-sale\/"},"modified":"2018-09-24T12:03:26","modified_gmt":"2018-09-24T05:03:26","slug":"upper-east-coast-site-launched-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-east-coast-site-launched-for-sale\/","title":{"rendered":"Upper East Coast site launched for sale"},"content":{"rendered":"


\nThe owners of the freehold property are expecting offers of about $26 million. (Photo: ET&Co)
\nA three-storey mixed landed housing development at Upper East Coast has been launched for en bloc sale via tender for $26 million, which works out to about $914 psf per plot ratio based on its land area of 28,449 sq ft, revealed marketing agent Edmund Tie & Co.
\n\u201cSizeable sites for landed housing development are rarely available. The price quantum of this property is also palatable to developers,\u201d said Swee Shou Fern, senior director at ET&Co\u2019s Investment Advisory division.
\nMoreover, all the homeowners gave their consent to the collective sale.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nGiven that the freehold site is zoned for three-storey mixed landed housing, the winning bidder has the flexibility to construct detached, semi-detached and terrace homes or a combination of such properties, either as typical residences or as a cluster housing project as long as the developer obtains planning approval.
\nThe site is also close to Bedok Food Centre and East Coast Park and is a short walk from the upcoming Sungei Bedok MRT Interchange on the Downtown Line (DTL) and Thomson-East Coast Line (TEL).
\nIt is also within proximity to established schools like Temasek Primary School, Temasek Junior College and Singapore University of Technology and Design (SUTD).
\nFurthermore, the site is a short drive from Changi Business Park and Changi Airport, with the highly-anticipated completion of Jewel Changi Airport further boosting the area\u2019s appeal.
\nThe tender exercise for the freehold site closes on 31 October.
\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…Upper East Coast site launched for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners of the freehold property are expecting offers of about $26 million. (Photo: ET&Co)...<\/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-98425","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-pBv","jetpack-related-posts":[{"id":84828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/united-mansion-up-for-en-bloc-sale-with-reserve-price-of-98m\/","url_meta":{"origin":98425,"position":0},"title":"United Mansion up for en bloc sale with reserve price of $98m","date":"April 9, 2018","format":false,"excerpt":"\r Completed in 1968, United Mansion in Siglap is located close to Parkway Parade, I12 Katong and various schools. (Photo: Cushman & Wakefield) The freehold United Mansion development at 592 to 614 East Coast Road has been launched for collective sale at a reserve price of $98 million, marketing agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101802,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beauty-world-plaza-up-for-sale-at-165m\/","url_meta":{"origin":98425,"position":1},"title":"Beauty World Plaza up for sale at $165m","date":"November 29, 2018","format":false,"excerpt":"\r Located right next to Beauty World MRT station, the asking price of the development works out to $2,189 psf ppr. (Photo: Knight Frank) Two redevelopment sites \u2013 Beauty World Plaza and 409-419 Upper East Coast Road \u2013 have been launched for sale by tender, revealed marketing agent Knight Frank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-tree-hill-gardens-sold-for-65m-in-first-en-bloc-sale-of-2017\/","url_meta":{"origin":98425,"position":2},"title":"One Tree Hill Gardens sold for $65m in first en bloc sale of 2017","date":"May 6, 2017","format":false,"excerpt":"\r The sale price is less than the over $72.8 million that owners initially expected. (Photo: Knight Frank) One Tree Hill Gardens off Orchard Boulevard has been sold for $65 million to a subsidiary of construction and property development company Lum Chang Group, said marketing agent Knight Frank on Friday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107583,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-changi-road-site-up-for-grabs-for-16m\/","url_meta":{"origin":98425,"position":3},"title":"Upper Changi Road site up for grabs for $16m","date":"May 30, 2019","format":false,"excerpt":"\r The freehold landed residential redevelopment site is zoned as \u201cresidential, three-storey mixed-landed\u201d under the 2014 Master Plan.\u00a0 A freehold landed residential redevelopment site at 537 Upper Changi Road has been launched for sale via expression of interest (EOI), carrying a guide price of $16 million or $1,051 per sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99174,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-properties-go-en-bloc-despite-property-curbs\/","url_meta":{"origin":98425,"position":4},"title":"More properties go en bloc despite property curbs","date":"October 5, 2018","format":false,"excerpt":"\r The latest properties to be put up for collective sale include a row of landed houses in Bartley. (Photo: Mount Everest Properties) The government\u2019s latest property cooling measures have not deterred homeowners from putting their properties up for collective sale, with Casa Riviera and a row of five landed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-st-thomas-ville-up-for-en-bloc-sale\/","url_meta":{"origin":98425,"position":5},"title":"Freehold condo St Thomas Ville up for en bloc sale","date":"August 7, 2018","format":false,"excerpt":"\r St Thomas Ville is located close to Orchard Road and the upcoming Great World MRT station. (Photo: JLL) St Thomas Ville, a 23-unit residential development in District 9, has been put up for sale, with the owners expecting bids in excess of $58 million, revealed marketing agent JLL. Located\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\/98425"}],"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=98425"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/98425\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=98425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=98425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=98425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}