Goodwood Residence. An elegant estate for the most discerning of home owners, Goodwood Residence promises to usher in new benchmarks in sophisticated luxury, all in the quiet, green surrounds of Goodwood Hill. Goodwood Residence, just off the Orchard / Scotts Road area, shares a boundary of approximately 150 metres with Goodwood Hill, allowing residents to live near almost 20 hectares of greenery - a rarity in urbanised Singapore.
Green Lodge (pictured) at Toh Tuck Road has been sold for S$191.888 million, becoming the biggest en bloc sale so far this year, according to The Business Times.
Located off Jalan Jurong Kechil in Upper Bukit Timah, the property has a land area of 151,075 sq ft and could be developed into a five-storey condominium under the 2008 Master Plan. With a plot ratio of 1.4, the purchase price translates to S$907 psf ppr.
The unnamed buyer acquired the property for private investment, said Shaun Poh, Senior Director for Investment Advisory Services at DTZ, which brokered the deal.
The approved density of equivalent plot ratio 1.4896 (based on a slighter larger original land area) translates to a lower unit land price of S$833 psf ppr, which provides around 8.9 percent balcony space with no development charge (DC) payable.
But with the maximum 10 percent allowance for balcony space, a DC of S$827,000 would be payable, which means the unit land price increases to S$828 psf ppr. Taking this into account, the breakeven price for a new condo development would be around S$1,100 psf.
Currently, the property features 80 residential units between 1,679 and 2,056 sq ft.
Following the sale, owners will pocket around S$2.3 million to S$2.6 million each, 50 to 60 percent above the estimated price if the units were sold individually.
Poh stated that the Green Lodge deal is the “biggest freehold residential collective sale so far this year”, but is still subject to approval by the Strata Titles Board.
Meanwhile, the en bloc sales market is healthy with a number of transactions taking place recently with “developers expressing interest – even in the bigger sites”, he added.
Kismis Lodge sold collectively for $84.2m, selling price of S$1,198 psf
The freehold Kismis Lodge (pictured) along Lorong Kismis has been sold in a collective sale for S$84.18 million to Newfort Alliance (Cairnhill). Brokered by Jones Lang LaSalle (JLL), this is the third en bloc deal this year.
Over 80 percent of owners consented to the selling price of S$1,198 psf, and each is expected to receive gross sales proceeds of around S$1.315 million.
The 70,283 sq ft residential site comprises 64 walk-up apartments in two four-storey blocks. It is zoned for a three-storey mixed landed development under the 2008 Master Plan, with no development charge payable.
Prestigious British school to open Singapore campus. SINGAPORE - Singapore's status as an education hub will move up another notch when the local campus of prestigious British independent school Dulwich College opens in August next year.
The London-based school will start with 400 to 500 students from ages two to 14 on a 5ha Bukit Batok campus and expand the number to 2,500 over the next few years.
The Beverly Condominium. Freehold. Minutes away from Beauty World MRT Station 2015, Bukit Timah Shopping Centre, many educational institutions are within reach. Pei Hwa Primary, Bukit Timah Primary, Ngee Ann Polytechnic, SIM, German European School.
Welcome to the art of living at its most refined, most personal. Nestled at the blissful locale of Toh Tuck Road, this 5-storey freehold development comprises 118 choice abodes of elegantly spacious, 2, 3, 4-bedroom apartments and penthouses with private roof terrace and pool, bestowed with distinguished living spaces and landscaped views.
Gallop Green. Set amidst nature’s tropical grandeur, Gallop Green offers a lush haven of tranquility and luxurious comforts. Full resort amenities promise you a year-round retreat from the hustle and bustle of city life while landscaped gardens let you enjoy the great outdoors in the intimacy of your own home. With private access to the Botanical Gardens, nature is truly your playground.
Choose from Apartment units that come with three to five bedrooms (2,992 - 3,757sq ft) and 3-storey Townhouse units, available in four to five bedrooms (4,188 - 5,102sq ft) with an internal courtyard and basement studio.
Be captivated by the freedom of space and privacy as only 53 homes sprawl across Gallop Green. The same spaciousness can be found in every home, where elegant and contemporary interiors are complemented with the finest furnishings and a fully equipped kitchen. At your doorstep are resort facilities including a tennis court, gym and pool where you can relax and rejuvenate.
Located in the prestigious Woollerton Park residential area and within a 5-minute drive to the city, Gallop Green holds a promising future. Renowned learning institutions, country clubs and prime conveniences in the vicinity also make Gallop Green an ideal investment.
Nob Hill Condominium and adjoining sites. MCL Land sealed yet another district 10 parcel! This time, it comes as a bundled deal of Nob Hill and its adjoining sites, totalling 63,572 sq ft. Eventual homeowners to this redeveloped site, along Ewe Boon Road, off Bukit Timah Road, will get to enjoy the luxuries of downtown living, laden with amenities. Only 1km from Orchard Road, all it takes is a few right turns and a couple of lefts to get you there. The Pan-Island Expressway, Bukit Timah/Dunearn Road and Stevens Road also serve the site, making it easily accessible. In its vicinity, amongst mid and high-rise residential developments, fine Country Clubs, speciality shops, restaurants and hotels.
Dennis Leong | Call +65 97407938 | www.DennisLeong.com | Buy
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