Dunearn Gardens sold for S$468 million.
The collective sale frenzy continues unabated as Dunearn Gardens, a 114 unit freehold residential development located off Newton Road, becomes the latest to be sold on its third attempt to EL Development Pte Ltd for $468 million.
The sale price translates to a land price of about $1,914 psf ppr, but if taking into account the 10% bonus balcony that would raise the proposed plot ratio to 3.08, the land price would be about $1,841 psf ppr subject to authorities approval. EL Development intends to redevelop the site into a 34-storey luxury condo comprising 348 units, consisting one to four bedroom apartment units.
The collective sale frenzy continues unabated as Dunearn Gardens, a 114 unit freehold residential development located off Newton Road, becomes the latest to be sold on its third attempt to EL Development Pte Ltd for $468 million.
The sale price translates to a land price of about $1,914 psf ppr, but if taking into account the 10% bonus balcony that would raise the proposed plot ratio to 3.08, the land price would be about $1,841 psf ppr subject to authorities approval. EL Development intends to redevelop the site into a 34-storey luxury condo comprising 348 units, consisting one to four bedroom apartment units.
Dunearn Gardens sold for $468 million
Olina Lodge sold for $230.9 million
The 67 unit Olina Lodge, a residential development located at 15 Holland Hill in prime District 10 has been sold en bloc for $230.9 million to Peak Opal - a unit of Kheng Leong, the privately held property development company of legendary banker, Wee Cho Yaw of UOB.
The sale price translates to a land rate of $1,712 psf ppr and is also 5% higher than the owner's reserve price of $220 million. Olina Lodge is zoned residential with a plot ration of 1.6 and a maximum height of 12 storeys. The project can be redeveloped into a new development with gross floor area of 148,348 sqft including 10% bonus GFA for balcony space. Development charge will not be payable due to the high development baseline.
The 67 unit Olina Lodge, a residential development located at 15 Holland Hill in prime District 10 has been sold en bloc for $230.9 million to Peak Opal - a unit of Kheng Leong, the privately held property development company of legendary banker, Wee Cho Yaw of UOB.
The sale price translates to a land rate of $1,712 psf ppr and is also 5% higher than the owner's reserve price of $220 million. Olina Lodge is zoned residential with a plot ration of 1.6 and a maximum height of 12 storeys. The project can be redeveloped into a new development with gross floor area of 148,348 sqft including 10% bonus GFA for balcony space. Development charge will not be payable due to the high development baseline.
Olina Lodge sold for $230.9 million
Twin Vew preview draws over 7,500 visitors
CSC Land's first development, Twin Vew in West Coast Vale attracted a strong turnout when its showflat opened for preview over the weekend with more than 7,500 visitors turning up over the 2 days.
The two 36 storey towers in the residential development will have 520 units comprising one to four bedders ranging from 484 sqft to 1,518 sqft. It will also have six penthouses, 2 shop spaces and a childcare centre. Indicative prices for the development range from $650,000 for a one bedroom unit to $1.55 million for a four bedroom unit including the early bird discount. Twin Vew is expected to be ready by the fourth quarter if 2021.
CSC Land's first development, Twin Vew in West Coast Vale attracted a strong turnout when its showflat opened for preview over the weekend with more than 7,500 visitors turning up over the 2 days.
The two 36 storey towers in the residential development will have 520 units comprising one to four bedders ranging from 484 sqft to 1,518 sqft. It will also have six penthouses, 2 shop spaces and a childcare centre. Indicative prices for the development range from $650,000 for a one bedroom unit to $1.55 million for a four bedroom unit including the early bird discount. Twin Vew is expected to be ready by the fourth quarter if 2021.
Twin Vew located at West Coast Vale near to the Jurong Lake District
Two freehold sites going enbloc
Park House in Orchard and St Michael's condominium in Serangoon have joined the collective sale frenzy with guide prices of $308 million and $112 million respectively. The $308 million reflects a land rate of approximately $2,387 psf ppr or $2,170 psf ppr after taking into consideration the 10% bonus gross floor area allowed for balconies. The 46,084 sqft freehold site has an allowable plot ratio of 2.8. Development charges are not payable as the baseline plot ratio is equivalent to about 3.66. The tender will close at 3pm on 31 May 2018.
Park House in Orchard and St Michael's condominium in Serangoon have joined the collective sale frenzy with guide prices of $308 million and $112 million respectively. The $308 million reflects a land rate of approximately $2,387 psf ppr or $2,170 psf ppr after taking into consideration the 10% bonus gross floor area allowed for balconies. The 46,084 sqft freehold site has an allowable plot ratio of 2.8. Development charges are not payable as the baseline plot ratio is equivalent to about 3.66. The tender will close at 3pm on 31 May 2018.
 Park House in Orchard |  St Michael's in Serangoon |
The freehold 60 unit St Michael's condo off Serangoon Road has been launched for a collective sale on 24 April 2018 and is expected to fetch $112 million with no development charge payable due to its high baseline GFA. Including a 10% bonus balcony, which would raise the proposed plot ratio to 3.08, the land price would be about $1,072 psf ppr. Tender closes on 23 May 2018.
RSS Feed
