Fortune Park Condo Relaunched Their En Bloc Sale in 2021

Fortune Park Condo En Bloc Sale 2021 – Freehold Land for Sale

Fortune Park, a freehold residential development in Kovan Area has launched for en bloc sale again in 2021 with an asking price at S$115 million.

According to ERA Realty Network, their sole marketing agent, this is the owners third attempt at collective sale.

The Tampines Road freehold property was previously put up for sale in March this year with a guide price of between S$115m and S$118 million.

No buyers pick up their site and the owners decided to go again.

The development is a 10-storey block comprises of 68 apartments covers an area of 44,878 sq ft and has a gross plot ratio of 2.1.

Base on the asking price with 7% of GFA scheme incentive factored in, the land rate would translate to around S$1,140 psf ppr.

Development charges aren’t payable for the site as it already has a high development baseline.

The new development would yield 103 apartment units with gross floor area of 94,245 sq ft.

During the en bloc process, the Collective Sales Committee has been able to garner over 80% consensus among owners.

The public tender of Fortune Park freehold site closes on Sept 30, at 3.30pm.

Fortune Park short distance away from Kovan MRT

Fortune Park Condo Nearby Amenities

Fortune Park Condo is located at 109 Tampines Road in district 19 of Singapore.

Southwest of the freehold site lies the Kovan MRT (North East Line) which is around 700 metres away.

Beside the convenience Mrt station nearby, Kallang-Paya Lebar and Central Expressway are short drive away.

The redevelopment site is also close with wide range of amenities such as medical clinic, mall, banking services, eating outlets, café and schools.

Schools proximity to the site are Paya Lebar Methodist Primary/Secondary School, Serangoon Secondary School, Holy Innocents Primary/Secondary School, Xinghua Primary School, DPS International School and Yuying Secondary School.

Fortune Park Condo En Bloc Details

Fortune Park En Bloc Sale 2021 Pinterest
  • Status: For Sale

  • Tenure: Freehold

  • Land Size: 44,878 sq ft

  • Plot Ratio: 2.1

  • Gross Floor Area: 94,245 sq ft

  • Total Units: 68

  • Address: 109 Tampines Road

  • District: 19

  • Marketing Agent: ERA Realty Network

  • Reserve Price: S$115 million 

  • Tender Close: Sept 30, 2021

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