July, August & September Singapore Condo En bloc Sales List 2022

July, August & September Singapore Condo En bloc Sales List 2022

En Bloc Properties Tender Launch, Tender Close & Tender Results – July, August & September 2022

Kensington Park Condo En Bloc Sale 2022 – 999-Yr Leasehold!

Kensington Park Condo has joined the collective sales list in the market with one of the biggest price tags set at S$1.28 billion.

According to CBRE, their sole marketing agent, the current guide price works out to a land price of around S$1,414 psf ppr, after factoring in the development charge (DC) of around S$178.1 million.

They also announced that the 80% mandate in order to launch en bloc tender was achieved around April this year.

The land rate will be lower down to S$1,371 psf ppr after accounting for the 7% bonus gross floor area permitted for balconies and a DC payment of roughly S$232.1 million.

The land is zoned for residential use under the Urban Redevelopment Authority’s Master Plan 2019, with a maximum gross plot ratio of 2.1 and a maximum construction height of 24 storeys.

In their previous collective sale attempt, Kensington Park owners aimed for S$1.05 billion in 2018. On July 6 of that year, however, a new wave of property market restrictions took effect, slowing the collective-sale momentum.

By July 25, 2018, the condo’s marketing agent had collected signatures from 70% of the condo’s owners.

The condominium comprises of 316 units, was built in 1990 and is located at 2 to 12 Kensington Park Drive, has a 999-year lease that began in 1878.

The upscale, low-density Serangoon Gardens landed neighbourhood is home to the enormous 491,000 square foot rectangular site.

The Kensington Park Drive collective sale site, according to CBRE, boasts unimpeded views of the vast estate.

Kensington Park Condo Redevelopment

Michael Tay of CBRE said that the site might be rebuilt into a new luxury condominium with more than 1,000 residential units, pending the completion of a pre-application traffic impact assessment and clearance from the Land Transport Authority.

He expected that the developers will be able to reach premium pricing even for low-floor units.

To meet the rising demand for larger houses amid hybrid working arrangements, Tay said that developers may elect to build bigger and fewer apartments on the site.

Strata-landed houses may be popular with homebuyers due to their placement inside a landed estate, which gives developers another option to incorporate such homes in the unit mix of a new development, he added.

Kensington Park Condo En Bloc 2022 Instagram

The Garden Residences, a 613-unit condominium that opened in June 2018, is located near to Kensington Park.

A 4-minute journey will take anyone to popular Chomp Chomp Food Centre. Peicai Secondary School, Zhonghua Primary, Serangoon Garden Secondary, the International French School, and CHIJ Our Lady of Good Counsel are among the neighbouring educational institutions.

Kensington Park’s public tender will close at 3 p.m. on July 7, 2022. (Go Top)

Euro Asia Apartments En Bloc Sale 2022 – S$218 million

Euro Asia Apartments En Bloc Sale 2022

The next property on the list is Euro-Asia Apartments, a freehold residential development on Serangoon Road.

The district 12 redevelopment site has a reserve price set at S$218 million.

Based on the reserve price, the Serangoon Road collective site land rate works out to about S$1,288 psf ppr, which includes 7% bonus balcony area with no development charge payable.

Owners’ last attempt at a collective sale was in 2018, at a lower reserve price of S$200 million.

Euro-Asia Apartments, which was completed in 1990, is a 10-storey block of apartments consisting of 84-units ranging in size from 840 to 2,443 square feet (sq ft).

Under the 2019 Master Plan, the 56,476 sq ft property is designated for residential development, with a maximum plot ratio of 2.8.

According to SRI Capital Market, the maximum allowable gross floor space is about 158,132 sq ft, which may possibly generate 173 additional dwelling units based on the most recent URA guidelines and subject to the consent of the relevant authorities.

Low Choon Sin, managing partner of SRI Capital Markets, predicts high developer interest because Euro-Asia Apartments is located between the older estates of Boon Keng and Bendemeer and not far from “the rising catchment” of Farrer Park.

Euro Asia Apartments site is a good choice for developers in terms of both a palatable price quantum and the number of new luxury residential units that can be built, he added.

“In District 12, there is a limited quantity of land sale options, and recent new launches in the Rest of Core Region have demonstrated the rising confidence in the buyers’ market, with good take-up rates of new sales throughout the various projects’ weekend openings,” he added.

“With the introduction of Euro-Asia Apartments, developers will be able to replenish their land bank.”

The Euro-Asia Apartments is around 380 meters from the Boon Keng MRT station, which requires only a few minutes’ walk.

City Square Shopping Mall, Bendemeer Market & Food Centre, Connexion at Farrer Park, Bendemeer Shopping Mall, and Mustafa Centre are all within a 5-minute drive.

Bendemeer Primary, St Andrew Junior School, and Hong Wen School are all within a one-kilometer radius.

The Central Expressway and Pan Island Expressway are both nearby, while the Marina Bay and Central Business District are only a 15-minute drive away.

The public tender for the Euro-Asia Apartments enbloc site will finish at 2.30 p.m. on July 25. (Go Top)

Elizabeth Towers En Bloc Relaunched – Mount Elizabeth Collective Sale

Elizabeth Towers En Bloc Relaunched - Mount Elizabeth Collective Sale

Elizabeth Towers, a freehold prime site, has been put up for collective sale again this year via public tender, with S$630 million as the reserve price unchanged.

The price reflects a land rate of approximately S$2,400 per sq ft per plot ratio and includes an 7% bonus floor area.

According to their appointed marketing agent Edmund Tie, the collective sale site was originally listed for sale in November 2021 for the same amount.

The residential development, which is located at 12 and 14 Mount Elizabeth, has a land area of 54,317 square feet (sq ft).

Under the URA Master Plan 2019, the land is allocated for residential use with a maximum allowable building height of 36 storeys.

It has a plot ratio of 4.65 and can be redeveloped up to its confirmed current gross floor size of 252,438 sq ft.

The Elizabeth Towers site is within 200 meters from Orchard Road and a 5-minute walk from both the Orchard and Somerset MRT stations.

According to Edmund Tie, the Elizabeth Towers redevelopment site has its advantages as it is located in prime District 9, which had significant buying demand in the luxury residential market in the first five months of the year.

“We are certain that the upcoming magnificent residential project will attract a large number of interested investors and owner occupiers, especially given its strategic position,” Edmund Tie Swee Shou Fern’s head of investment advisory stated.

The public tender for the Elizabeth Towers enbloc site will end at 3 p.m. on July 25. (Go Top)

Park View Mansions En Bloc Sale 2022

Park View Mansions En Bloc Sale 2022

On Monday (June 20), ERA revealed that the 160-unit Park View Mansions, which is next to the successful sale of Lakeside Apartments, is up for collective sale at a price of S$260 million.

Based on the reserve price, the land rate translates to roughly S$1,023 psf ppr.

The price includes an expected difference premium for increasing the development plot ratio to 2.1 and renewing the lease for another 99 years. The deadline for submissions is July 27.

In 2018, Park View Mansions sought an en bloc sale, first at a reserve price of S$320 million, before decreasing the asking price to S$250 million.

The project at Yuan Ching Road in District 22 was built in the 1970s and is designated for residential use with a gross plot ratio of 2.1 under the Master Plan 2019.

It lies on a land site of around 191,974 sq ft and is zoned for residential use with a gross plot ratio of 2.1.

According to ERA, it may be rebuilt up to a gross floor area of 403,145 sq ft, subject to the requisite clearances.

“We anticipate significant market demand for the new project at the Park View Mansions site, considering its position and unique land shape that commands unobstructed views of Jurong Lake Gardens, Lakeside Garden, and Jurong Lake,” said ERA group division director Jeremy Rikas Chiu.

“Assuming an average apartment size of 915 sq ft, the future development might be rebuilt as an upscale 20 to 24 storey condominium project with over 440 apartments.” (Go Top)

High Point Singapore Condo En Bloc Sale 2022

High Point Condo En Bloc Sale 2022

High Point, a freehold development in Orchard Road has launched for collective again this year at S$550 million.

The land rate for the Mount Elizabeth collective site is about S$2,508 psf ppr, it is after factor in 7% bonus gross floor area (GFA) for balconies.

High Point is a 22-storey residential tower with 57 units and two penthouses located at 30 Mount Elizabeth near Orchard Road.

The apartments are around 268 square meters (2,885 square feet) and 272 square meters (2,928 square feet), respectively, while the two penthouses are approximately 589 square meters (6,340 square feet) and 592 square meters (6,340 square feet) (6,372 sq ft).

The High Point property, according to Savills, might be converted into an ultra-luxury project with up to 98 apartments, assuming an average unit size of 200 sq m (2,153 sq ft).

The 47,606 sq ft property is designated ‘Residential’ in the 2019 Master Plan, with a maximum gross plot ratio of 2.8 and a height limit of 36 storeys.

High Point freehold site currently has a confirmed GFA of 211,976 square feet. Furthermore, the development baseline is about 213,383 square feet.

Jeremy Lake of Savills said: “We’ve been keeping an eye on High Point with a few developers over the last several weeks and we believe it’s right time now to relaunch the public tender to offer developers more time to consider the possibility.

Lake anticipates that foreigners demand for new ultra-luxury condominiums to pick up later this year, adding that the segment’s paucity of supply will drive up prices.

The agent added that the tender of High Point condo site is being relaunched within the collective sale agreement’s one-year life span, which expires in September 2022.

The public tender for High Point freehold site will end at Jul 28, 2022. (Go Top)

People’s Park Centre En Bloc Sale and News 2022

People’s Park Centre En Bloc Sale and News 2022

People’s Park Centre, which is located at 101 Upper Cross Street, is up in the collective sale market with a reserve price set at S$1.8 billion.

The mixed-use property has a land rate of S$2,620 psf ppr that includes the difference premium plus the premium to upgrade the land tenure to a new 99-year lease.

According to their appointed marketing agent, 84% of the owners have signed the collective sale agreement and this will be the second largest collective site with huge price tags managed to launch this year.

The development’s total units include 324 retail apartments, 256 office units, 120 residential units, and a parking lot.

The redevelopment site has a gross plot ratio of 8.6 and a total land size of 95,467 square feet (sq ft), which is zoned under the 2019 Master Plan URA and has a maximum gross floor area of 821,017 sq ft.

Sunny Wong and his en bloc team, which handles the whole collective sale process of People’s Park Centre, believe that this hot property within the Chinatown district will draw major interest from developers and real estate funds.

He added that such a significant development in the city with an MRT interchange just outside the door does not come onto the market very frequently.

Developers will have a unique opportunity to construct an iconic structure in the center of Singapore’s historical district thanks to the collective sale of People’s Park Centre.

People’s Park Centre Prime Site Information

The People’s Park Center can be found in Chinatown, right close to the MRT interchange for the downtown and north-east MRT lines. Additionally, major highways and expressways are used to access it.

The development is located close to a number of educational institutions, including River Valley Primary School and Singapore Management University, as well as historical sites like Chinatown and Upper Barracks, shopping centers like the OG Building and Chinatown Point, and malls like Chinatown Point.

Less than 10-minute drive away, there are further dining and shopping options in the Marina Bay Center and Orchard retail district.

The public tender for the People’s Park Centre site will close at 3 pm on August 18, 2022. (Go Top)

Orchard Bel Air En Bloc 2022 – Orchard Boulevard Collective Sale

Orchard Bel Air En Bloc 2022 - Orchard Boulevard Collective Sale

Orchard Bel Air has been put up for collective sale with a reserve price set at S$587.5 million.

The residential development is very next to the upcoming Orchard Boulevard MRT Station, which makes the site very appealing to any buyers.

The prestigious District 10 property has a land size of about 93,126 square feet and a 99-year leasehold term that began in August 1980.

It has a gross plot ratio of 2.8 and a construction height restriction of up to 36 storeys according to the Master Plan 2019.

After accounting for an upgrading premium of about S$131 million for the lease top-up, the guide price of S$587.5 million equates to a land rate of roughly S$2,600 psf ppr. There is no development fee involved.

The land rate will be lower by around S$2,526 psf ppr when the additional gross floor area for balconies of 7% is taken into account.

Orchard Bel Air, which has 25 floors and 71 residential units, was built in 1984.

High-end residential developments, hotels, office buildings, and shopping centers in Singapore’s retail belt, such as Tanglin Mall, ION Orchard, and The Forum, are located nearby.

Baldev Singh, chairman of the Orchard Bel Air (CSC) collective sale committee, said that they had sought to begin the collective sale process in the past, this is the first time they have been able to gain the 80% consensus mandate to start the tender.

The units’ owners stand to receive a minimum of S$8.1 million in gross proceeds, with apartment sizes ranging from 300 to 303 sq m (3,229 to 3,261 sq ft).

The owner of the penthouse, which has a unit of 605 square meters (6,512 square feet), might pocket at least S$16.3 million from the sale.

Orchard Bel Air Redevelopment Plan

The Orchard Bel Air redevelopment site, which currently has a confirmed gross floor area of around 276,298 square feet based on a gross plot ratio of 2.96, has the potential to be converted into a high-end opulent residential development, according to exclusive marketing agency Knight Frank.

It said that, depending on plan and configuration and subject to clearance from the necessary authorities, an estimated 128 additional residential units with an average size of 200 sq m or 2,152 sq ft might be constructed on the site.

There would be no need for a pre-application feasibility assessment study on traffic impact.

The Master Plan 2019 may allow 36-storey developments on a stretch of properties along Orchard Boulevard, according to Knight Frank, making Orchard Bel Air unique.

The majority of the other properties across the street from Orchard Bel Air are limited in height to 20 storeys.

Demand For Ultra-Luxury Condominiums Is Constantly Increasing

Park House, which is just across from Orchard Bel Air condo site, was the last successful massive en bloc record sale in the area of Orchard Boulevard.

In June 2018, Park House was sold for S$375.5 million, or S$2,910 psf ppr. The land rate is the highest in Singapore’s en bloc record book.

Approximately 69 percent, or 37 out of 54 apartments, have been sold since Park Nova’s opening a year ago, according to caveats filed, with prices fetching an estimated S$4,970 psf on average.

It claimed that the number of prominent transactions that have occurred since last year demonstrates the constantly increasing demand for luxury homes in Singapore.

For instance, the 20 apartments at Eden at 2 Draycott Park were completely sold out in March 2021 for S$293 million, or an estimated S$4,827 per square foot.

A resale apartment at The Nassim reported a record price of S$20 million or S$4,915 psf in May 2022, while a unit at Les Maisons Nassim earned a record price of roughly S$37 million or S$5,461 psf in April 2022.

With international borders opening this year, Singapore has already seen a little uptick in interest from overseas buyers, according to Chia Mein Mein at Knight Frank, head of capital markets (land & collective sale).

“We foresee a further uptick in demand” in the high-end residential market, which has not had as much price appreciation in the previous two years as compared to suburban properties.

The successful bidder can expect to create an iconic and ultra-luxurious landmark development with new apartments “soaring above the neighbouring developments with unobstructed stunning views of the cityscape.”

According to her, she anticipates significant interest from local and international developers for this lucrative site.

On September 6, 2022, at 3 p.m., the collective sale tender for the Orchard Bel Air site will close. (Go Top)

Meyer Park En Bloc Sale 2022 – Freehold D15

Meyer Park En Bloc Sale 2022 Instagram

Meyer Park which is located at 81 and 83 Meyer Road, a freehold oceanfront residential plot in popular district 15, has been put up for collective sale with a S$420 million reserve price.

After accounting for a development charge of S$78.2 million, which includes a 7% bonus floor area, this equates to a land rate of around S$1,720 psf ppr.

The District 15 Meyer Road property, which is zoned “residential” and has a plot ratio of 2.8, has a land area of roughly 96,672 square feet (sq ft) and an 88-meter frontage on the sea.

The total permitted gross floor area is about 289,628 square feet.

Meyer Park, a residential development that was built on the site, currently has 60 apartments. The construction was finished in the 1980s.

Exclusive marketing agent Edmund Tie stated in a news release on Monday (July 25) that despite four prior attempts to go en bloc, this is the first time Meyer Park has achieved the necessary 80% owner permission for a collective sale.

According to Swee Shou Fern, head of investment advising at Edmund Tie, the proposed new development may house up to 251 apartments with unhindered views of a Mountbatten bungalow neighborhood to the north and magnificent sea vistas to the south.

The redevelopment site also has the benefit of quiet city-fringe living with a wide range of facilities close by. All of these elements taken together will be given significant weight by potential homeowners.

She continued that the reasonable size for a mid-sized luxury high-rise development and its unique position in the highly sought-after Meyer Road sector would appeal to developers looking to add to their landbank.

The area around the enbloc site has a variety of amenities, including heritage shophouses that house both retail and F&B (food and beverage) enterprises, as well as malls like Parkway Parade and i12 Katong.

Schools in the area include Victoria Junior College, Dunman High School, and Tao Nan Primary School.

The public tender for 81 and 83 Meyer Road will close on September 9 at 3 p.m (Go Top)

GSM Building En Bloc Sale 2022 – Prime D7

GSM Building En Bloc Sale 2022

GSM Building, a commercial building in prime district 7, has been listed for en bloc sale at S$85 million.

Mount Everest Properties is in charge of marketing the sale of the 99-year leasehold development.

The five-storey development comprises 31 office spaces on the upper levels and two retail units on the first floor.

Zoned for commercial use, the redevelopment site sits on 12,003 sq ft of land.

The remaining lease period on the site is about 59 years. The upgrading premium, which is added on top of the guide price, is $18.04 million, according to a press statement from Mount Everest Properties.

The marketing firm stated that it will take the acquisition’s cost to nearly $103 million, or $1,639 psf ppr.

The agency also mentions that URA’s advice in favour of a request for provisional permission to convert the land into a mixed-use commercial and residential complex has been received by the site.

According to the agency, “this makes the site’s redevelopment potential more appealing for developers to reap the benefits of the current strong demand for residential units.”

The GSM Building is situated in District 7 at the intersection of Middle Road and Waterloo Street.

Connectivity is excellent due to the development near to three MRT stations, including Bencoolen, Bras Basah, and Bugis Interchange, because of its strategic position in the Rochor district.

On September 13, the collective sale tender for the GSM Building closes. (Go Top)

Killiney 118 Condo En Bloc Sale Relaunched – Prime Freehold D9

Killiney 118 Condo En Bloc Sale Relaunched – Prime Freehold D9in 2013, the property has an area of

Killiney 118 Condo, a prime site in District 9, has relaunched their collective sale with an unchanged guide price of S$76 million.

The freehold development was completed in 2013 and has a plot ratio of 3.94 with a land size of around 7,688 square feet.

The current property’s gross floor area is about 30,327 square feet.

According to a press statement from the property’s exclusive marketing agent, Edmund Tie, on Thursday, the winning bidder will have the choice to convert the prime freehold property on Orchard Road for hotel or serviced apartment usage, or as a post-natal care centre, subject to final planning clearance.

Under the 2019 URA Master Plan, the land is also allocated for “residential with commercial on the 1st floor.”

Edmund Tie further said that there is no development fee required to change to “hotel” and “serviced apartments” usage at the reserve price of S$76 million.

The Killiney 118 Condo launched their collective sale in April this year at the same guide price.

The successful bidder would have access to an “immediate hospitality asset that can be adapted for hotel or serviced apartment usage – to ride on the rise of the tourist and hospitality industries,” according to Swee Shou Fern of Edmund Tie.

The property features a restaurant on the first level, 30 apartments on the upper floors, and a parking garage in the basement.

The Somerset MRT station is about 500 meters away and is close to Orchard Road.

Within a 1-kilometer range are the MRT stations at Orchard, Dhoby Ghaut, and Fort Canning.

The tender date for the property at 118 Killiney Road will close on September 13 at 3 p.m. (Go Top)

Telok Blangah House En Bloc Sale Relaunched

Telok Blangah House En Bloc Sale Relaunched

Telok Blangah House, a freehold mixed-use site, has been relaunched for collective sale via public tender at a reduced reserve price of S$92 million.

The new price tag introduced is to make the site more attractive to the buyer. The previous launch price was S$98 million in March this year.

According to a press release issued by exclusive marketing agency SRI Capital Market on Wednesday, the land rate based on the revised guide price is S$1,744 psf ppr including the additional bonus balcony.

The bonus balcony (GFA) gross floor area is subject to a S$2.36 million development fee.

The reserve price is based on a gross plot ratio of 3.5, assuming that 60% of the gross floor area would be used for residential purposes and 40% for commercial purposes.

The 9-storey mixed-use development right opposite the popular VivoCity Mega Mall consists of 4 levels of commercial units and 5 levels of residential apartments.

Subject to clearance from appropriate authorities, developers may redevelop the 14,841 sq ft site with 34 new residential units and up to 20,788 sq ft of commercial use space.

Additionally, the site’s maximum permitted gross floor area is around 51,943 square feet.

According to the 2019 Master Plan, Telok Blangah House is designated for both residential and commercial use and has a gross plot ratio of 3.5.

Low Choon Sin, managing partner of SRI Capital Market, said that “the location is superb as it is positioned directly across Sentosa. It will also benefit from the Sentosa-Brani Masterplan – a vision to steer the transformation of the 2 islands into a top tourist destination over the next two decades.”

The public tender for the Telok Blangah House site will end on September 13 at 2:30 pm. (Go Top)

Trendale Tower En Bloc Sale 2022 – Freehold Prime D9

Trendale Tower En Bloc Sale 2022

Exclusive marketing agency Savills Singapore said on Thursday (Aug 11), that the Trendale Tower has been relaunched for collective sale via a public tender exercise.

The freehold site in prime district 9 has a reserve price set higher this time at S$178 million.

There are 18 apartments in the 20-storey building at 79 Cairnhill Road. Each apartment is 298 square meters (sq m).

After accounting for the balconies’ 7% additional gross floor space, the land price comes to S$2,386 psf ppr. For the 7% bonus gross floor space, a development fee of around S$6.4 million is due.

The redevelopment site occupies an area of 21,708 square feet and has a confirmed gross floor area of 72,690 square feet (or an equal gross plot ratio of 3.34).

According to the Urban Redevelopment Authority’s 2019 Master Plan, it is also zoned “residential,” with a maximum height restriction of 36 storeys and a gross plot ratio of 2.8.

Savills stated that the Land Transport Authority will not need a pre-application feasibility assessment for the redevelopment site of up to 103 units.

According to Galven Tan, deputy managing director of investment sales and capital markets at Savills, “we anticipate considerable interest from developers given Trendale Tower’s proximity to Newton MRT station and the property’s position at the doorstep of Orchard Road.”

“Since there are so few high-end luxury projects available, now is the perfect time to purchase a prominent location like Trendale Tower and serve the luxury market.”

The tender exercise for the Trendale Tower site will close on Sep 13 at 3 pm. (Go Top)

Sutton Place En Bloc Sale 2022 – Freehold Prime D10

Sutton Place En Bloc Sale 2022

Next on the September en bloc list is Sutton Place, a freehold residential development in prestigious District 10.

Sutton Place is a five-storey building with 44 apartments on 93,183 sq ft of land.

It has a development baseline of about 130,201 square feet, which is about 87% of the allowed gross floor area (GFA). According to Colliers, this will “mitigate any rise in development charge rates for potential developers.”

Based on the reserve price of S$285 million and a development fee payable of about S$20.89 million, the land will cost S$2,052 psf ppr.

The Urban Redevelopment Authority’s (URA) Draft Master Plan 2019 says that the redevelopment site is meant for residential use and has a gross plot ratio of 1.6.

According to Colliers, the site may be redeveloped to accommodate about 162 units with a minimum size of 915 square feet, pending permission from the required authorities.

It states that the Land Transport Authority has determined that a pre-application feasibility study is not needed for 162 units at Sutton Place, provided certain requirements are met.

In addition, potential developers might raise the GFA to roughly 159,531 square feet by including the added bonus balcony space.

After adding the extra development fee of about S$32.42 million to increase the total GFA, the land price will be decreased to S$1,990 psf ppr, according to Colliers.

In 2019, Colliers also concluded the collective sale of the nearby development, Tulip Garden, for S$906.99 million, which is presently being rebuilt as Leedon Green.

According to data from URA Realis, the most recent transaction prices for the freehold project are between S$2,500 and S$3,000 per square foot.

Tang Wei Leng, managing director and head of capital markets and investment services at Colliers, said that Sutton Place is right across the street from Leedon Green, is on higher ground, has a smaller site size, and is “considered a more prestigious position.”

“We expect the median price of new apartments in the Farrer/Holland Road area to surpass S$3,000 psf over the next one to two years, an increase of more than 10 percent from current pricing,” said Tang, adding that the availability of well-located homes in Singapore’s premium districts is limited.

Schools such as Hwa Chong Institution, Raffles Girls’ Primary, Nanyang Primary School, and National Junior College are within a two-kilometer radius of Sutton Place, which is located on the outskirts of a good-class bungalow area.

The Farrer Road MRT station can be reached on foot in ten minutes, while the Pan Island Expressway and Ayer Rajah Expressway are also conveniently accessible.

Dempsey Hill, Holland Village, and Singapore Botanic Gardens provide nearby alternatives for dining, shopping, and entertainment.

The deadline for Sutton Place bids is September 15 at 3 p.m. (Go Top)

The Beaumont En Bloc Sale Relaunched – Prime D9

The Beaumont, in prime district 9 has been offered for collective sale again this year with a slightly lower reserve price of S$468 million.

According to exclusive marketing agent Savills, the new reserve price works out to S$2,448 per square foot per plot ratio (psf ppr). A development fee of $44.4 million is due.

The boutique development at 145 and 147 Devonshire Road, which is situated on a 74,739-square-foot (sq ft) plot, has 64 units split between a 5-storey and a 10-storey tower.

It is designated for residential use, with a maximum height restriction of 36 storeys and a gross plot ratio of 2.8 permitted.

The authorities have confirmed that its development baseline is about 171,792 square feet, according to Savills.

The 36-storey height limit will guarantee that the new luxury project enjoys unimpeded views of Ngee Ann City and Orchard Residences.

Wealthy overseas purchasers would be very interested in the new project when it goes on the market in two years, according to Jeremy Lake, managing director of investment sales and capital markets at Savills.

The Beaumont is situated across from TripleOne Somerset and is a 2-minute walk from Somerset MRT, all of which are in the exclusive District 9 neighborhood.

It is close to luxury clubs like the American Club, Tanglin Club, and Singapore Botanic Gardens, and medical institutions including Camden Medical, Mount Elizabeth Hospital, and Paragon Medical.

Chatsworth International, ISS International School, and River Valley Primary School are among the educational institutions nearby.

The public tender for the Beaumont site will close on September 20 at 3 p.m. (Go Top)