{"id":99044,"date":"2018-10-03T12:46:32","date_gmt":"2018-10-03T05:46:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-again\/"},"modified":"2018-10-03T13:03:28","modified_gmt":"2018-10-03T06:03:28","slug":"faber-garden-up-for-en-bloc-sale-again","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-again\/","title":{"rendered":"Faber Garden up for en bloc sale again"},"content":{"rendered":"


\nFaber Garden in Upper Thomson has a reserve price of $1.18 billion. (Photo: CBRE)
\nThe owners of Faber Garden have relaunched the 236-unit development for en bloc sale, after its first attempt closed without a sale in May.
\nThey have kept the reserve price unchanged at $1.18 billion.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nIncluding the estimated development charges (DC) payable, the price works out to $1,414 psf per plot ratio (psf ppr), or $1,342 psf ppr if the 10 percent balcony space is included.
\nMarketing agent CBRE noted that the development charge payable to intensify the gross floor area (GFA) is $52.8 million. Including further development charge payable for the 10 percent bonus balcony GFA, the total DC payable is about $106.7 million.
\nFaber Garden is located on a 544,738 sq ft site zoned residential under the 2014 master plan with a plot ratio of 1.6 and a height limit of up to 12 storeys.
\nCBRE revealed that a traffic impact assessment has already been conducted for the development and the authorities will support 900 units for the proposed new development.
\n\u201cThe Faber Garden site is the largest freehold site in Upper Thomson. It provides developers ample planning flexibility to develop a landmark development in an exclusive, predominantly landed residential estate. With Bright Hill MRT station and the Central Natural Reserve at its doorstep, the site offers the ease of transport connectivity and tranquility of nature,\u201d said CBRE capital markets executive director Galven Tan.
\n\u201cWhile developers have become more selective with land acquisitions after the latest round of cooling measures, centrally located sites with exceptional attributes such as the Faber Garden site are rare, and continue to attract developers\u2019 attention. The recent strong performance of Jadescape where 300 units were sold on the launch weekend, is further testament of the demand and popularity of the Thomson area,\u201d he added.
\nThe tender for Faber Garden 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…Faber Garden up for en bloc sale again<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Faber Garden in Upper Thomson has a reserve price of $1.18 billion. (Photo: CBRE) The...<\/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-99044","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-pLu","jetpack-related-posts":[{"id":85640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/faber-garden-up-for-en-bloc-sale-with-1-18b-reserve-price\/","url_meta":{"origin":99044,"position":0},"title":"Faber Garden up for en bloc sale with $1.18b reserve price","date":"April 17, 2018","format":false,"excerpt":"\r Faber Garden could become the largest en bloc deal this year if the sale goes through. (Photo: CBRE) Faber Garden, a 236-unit freehold development at Angklong Lane off Upper Thomson Road, has been launched for en bloc sale with a reserve price of $1.18 billion, marketing agent CBRE said\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":99044,"position":1},"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":71967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-condos-up-for-en-bloc-sale\/","url_meta":{"origin":99044,"position":2},"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":90742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gilstead-court-elizabeth-towers-launched-for-collective-sale\/","url_meta":{"origin":99044,"position":3},"title":"Gilstead Court, Elizabeth Towers launched for collective sale","date":"June 7, 2018","format":false,"excerpt":"\r Elizabeth Towers off Orchard Road in District 9 has a reserve price of $610 million or $2,416 psf ppr. (Photo: Knight Frank Singapore) The en bloc fever continues to heat up with two more freehold sites \u2013 Gilstead Court and Elizabeth Towers \u2013 launched for sale. The owners of\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":99044,"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":95635,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condo-the-regalia-up-for-collective-sale-at-403m\/","url_meta":{"origin":99044,"position":5},"title":"Freehold condo The Regalia up for collective sale at $403m","date":"August 8, 2018","format":false,"excerpt":"\r Aerial view of The Regalia condominium at River Valley Close. (Photo: CBRE) The Regalia, a freehold condo in District 9, has been put up for en bloc sale with a guide price of $403 million. The price works out to a land rate of $1,892 psf per plot ratio\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\/99044"}],"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=99044"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}