Harbour View Gardens Review Former En Bloc SOLD

//Harbour View Gardens Review Former En Bloc SOLD
Harbour View Gardens Review Former En Bloc SOLD

Harbour View Gardens Review Former En Bloc SOLD

Harbour View Gardens is a magnificent new estate situated in Pasir Panjang. The Garden’s condo comprises a wide variety of amenities that are perfect for occupants in addition to the ultra-modern level of development.

All the residential blocks are carefully designed; the bedrooms are quite comfortable and take accommodate a large-sized bed.

The ground floor apartments are in high demand as they come equipped with a double volume ceiling. A carefully designed home is yours for the taking.

Need to mention that Harbour View Gardens is a former en bloc site which was sold in 2016 for S$33.25 million.

It’s was one of the 3 collective sale that made headlines before the beginning of the rage of en bloc fever in 2017.

The property was developed by Roxy-Pacific Holdings Limited. They have a reputation that spans over 50 years going as far back as 1967. Some their works include; the MKZ, Natura @ Hillview, Treescape, Liv on Sophia, Nova 88, 48 and a whole lot more.

They also have some ongoing works in Singapore which include, Whitehaven, Liv on Wilkie and Eon Shenton.

Harbour View Gardens Near Sentosa
Harbour View Gardens is near to Top attractions site Like Sentosa. Only 4 stops from Haw Par Villa MRT

Harbour View Gardens Location and Amenities

Harbour View Gardens is situated west side of Singapore, along Pasir Panjang Road, a short walking distance to the Haw Par Villa MRT.

Located in a personal owned enclave, it affords buyers the feeling a residing on a landed property. The new launch condo is very close to the Harbourfront Centre and Vivocity (about 5 minutes by car)

On your way to this property are popular restaurant and other magnificent amenities.

You are bound to find several tenants residing in the area; the Harbour Front Centre and Science Park and the Mapletree Business Park generates a lot of business activity which brings people to the area and ensures that there is steady rental growth.

The Southern Greater Waterfront city is also another area that is sure to bring growth to the area.

The Harbour View Gardens is also located close to Singapore’s second central business district and the Marina Bay Financial Centre.

With such enormous potential for growth, prices in this area could continue to rise steadily as it approaches completion in 2030.

Harbour View Gardens Facilities
One of the Best Facilities, Sky Pool

Why Harbour View Gardens is a good Buy?

  • Developed by well-known real estate developer Roxy Pacific

  • Nestled in private landed enclave

  • Near to top attraction and many great amenities

  • Lush Landscaping

  • Well designed and concept layout for all units

  • Low density 57 exclusive unit boutique development

  • Walking distance to 2 MRT Stations

  • Stunning Architectural Design

  • Next to Future Southern Waterfront City

  • Good tenant pool from Mapletree Business City, Science park, NUS, NUH, One North and Buona Vista

En Bloc News
Harbour View Garden sold en bloc for S$33.25m to Roxy-Pacific Holdings Limited (2016)

Roxy-Pacific Holdings Limited won the bid to buy Harbour View Gardens situated in Pasir Panjang from its original owners for a final price of about $33.25 million.

The freehold property measures 2,856 sq m and has a plot ratio of 1.4.

In 2012, the High Court in Singapore blocked the sale of Harbour View Gardens to Roxy-Pacific Holdings Limited for $33 million a ruling which was also upheld by the appeal court.

The grounds for rejection was due to the fact the pubic bid was initiated before the required 80% of the owners had come to an agreement.

For the collective sale in 2016, 13 out of the 14 owners had given their approval for the sale. This number represent approximately 92% of the total share value and about 89% of the total area.

According to agents Joey Sia and William Gan of William Gan Reality, there would be no additional development charge on the property as the project had already made maximum use of the total floor area.

Roxy-Pacific, the new owner is looking to develop about 57 units with each unit covering about 70sq m and consisting of about 5 storeys.

If they succeed in getting the authorization to purchase a public car park situated close to the property, the whole project could consist of about 71 units.

Base on the sale price, the land rate will be around $788 psf ppr and each owner is expected to get between $1.48 million to $3.29 million depending on the size of the apartment.

The project was originally developed in 1986 and the most occupants are the first inhabitants of the apartment.

The en bloc site is situated about 500m from Haw Par Villa MRT station and is close to both Alexandra Retail Centre and Panjang Food Centre.

Another new project Icon @ Pasir Panjang is springing nearby.

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2018-10-23T11:44:59+00:00October 23rd, 2018|2018|