As of today, there are currently a handful of enbloc developments awaiting tenders to close and to know which developer are keen to buy over their development for rebuilding. We have identified top 5 enbloc developments with the most attractive locations among available enbloc sites currently in the market:
Jervois Green
JERVOIS Green is going enbloc with a S$48 million asking price for the freehold development, sitting on a 27,356 sq ft site, works out to S$1,373 per sq ft (psf) per plot ratio (ppr). The eight-apartment project could be turned into a 43-unit redevelopment, subject to approval. A development charge of S$9.865 million is payable for the site at 100A, Jervois Road, which is zoned for residential use with a plot ratio of 1.4.
Derby Court
Owners of the Derby Court condominium near the Novena neighbourhood have launched a public tender for collective sale, with a reserve price of S$62 million. The reserve price works out to S$1,168 per square foot (psf) per plot ratio (ppr). This is based on an 18,506 square foot site with a gross floor area of 53,094 sq ft, representing an equivalent plot ratio of 2.869 times, more than the 2.8-times gross plot ratio allowed under the 2014 zoning Master Plan.
The 20-unit development, comprising 18 apartments and two penthouses, sits along Derbyshire Road. It is across the road from St Joseph's Primary Institution (Junior), and also close to Anglo-Chinese School (Junior). The site can be redeveloped into a 70-apartment project, subject to approval.
The 20-unit development, comprising 18 apartments and two penthouses, sits along Derbyshire Road. It is across the road from St Joseph's Primary Institution (Junior), and also close to Anglo-Chinese School (Junior). The site can be redeveloped into a 70-apartment project, subject to approval.
Vista Park
Vista Park en bloc committee are eyeing at least $350 million for the 209-unit Vista Park in South Buona Vista Road. Located at the edge of Kent Ridge Park and facing the sea. The land rate is estimated to be $932 per sq ft per plot ratio (psf ppr), spanning 319,250 sq ft and has about 61 years left on its lease. The site has a plot ratio of 1.4 and allowable height of up to five storeys, translating to a potential GFA of about 446,951 sq ft, with the potential to yield around 530 apartments of about 800 sq ft per unit for the new residential development, subject to approval. The tender closes on 13 Dec 2017.
Riviera Point
The en bloc sale of Riviera Point located at 2 Kim Yam Road set an asking price of $75m or $1,522 psf ppr. The site area is located in the Central Area. It has a land area of 14,579 sqft and a gross floor area of 45,265 sqft. It was marked for residential use and allowed to have 36 storeys. The site is 600m away from Great World MRT Station (TE15). The tender closes on 18 Dec 2017.
Pearl Bank Apts
Pearl Bank Apts is a beautiful 37-storey development in the Outram neighbourhood, has a reserve price of S$728 million or about S$1,505 per square foot (psf) per plot ratio (ppr), after factoring in an upgrading premium of approximately S$195 million for the lease top-up. There is no development charge payable.
Pearlbank is an iconic horsehoe-shaped building located on a beautiful hill - with elevated natural forest grounds amid the lush greenery of Pearl's Hill City Park, and is next to Outram Park MRT Interchange It is also conveniently located near the Central Expressway in the central business district (CBD) area.
Pearl Bank Apts is an extremely rare development within 3 minutes walk to three different MRT lines (North East Line, East West Line and Upcoming Thomson East Coast Line) at Outram Park MRT station. Location wise, there seem to be no other development that can match Pearl Bank.
Pearlbank is an iconic horsehoe-shaped building located on a beautiful hill - with elevated natural forest grounds amid the lush greenery of Pearl's Hill City Park, and is next to Outram Park MRT Interchange It is also conveniently located near the Central Expressway in the central business district (CBD) area.
Pearl Bank Apts is an extremely rare development within 3 minutes walk to three different MRT lines (North East Line, East West Line and Upcoming Thomson East Coast Line) at Outram Park MRT station. Location wise, there seem to be no other development that can match Pearl Bank.
RSS Feed
