>

>

En bloc sale of Balmoral Gardens for $92 mil

/ EdgeProp |

January 17, 2018 12:07 AM SGT

The 37-year-old Balmoral Gardens, located along Balmoral Road, has been put up for collective sale by tender, with Huttons Asia as the exclusive marketing agent.

The owners of Balmoral Gardens are expecting offers above $92 million. The price translates to a land rate of $1,872 psf per plot ratio (psf ppr) and includes an estimated $18.1 million development charge for intensifying the land use to the maximum gross floor area (GFA). An application to URA has been submitted to establish the amount of development charge payable.

The existing Balmoral Gardens is a freehold condo with just 40 units sitting on a land area of 36,752 sq ft. The site has a plot ratio of 1.6 and a height limit of up to 12 storeys. It’s zoned for residential use under the 2014 Master Plan.

All the owners have given their approval for the sale, and hence, the sale need not go through Strata Titles Board approval. A successful purchaser can take possession of the site upon the end of the vacant possession period to market and build the new development, according to Huttons.

The tender will close on Feb 7.

Tags:

Singapore property briefs Balmoral Gardens Huttons Asia

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00