>

>

Jervois Green on the market for $48 mil

/ EdgeProp |

November 7, 2017 5:16 PM SGT

Just off Tanglin Road is Jervois Green, a block of just eight apartments that has been put up for en bloc sale by tender on Nov 6. The price tag for Jervois Green is $48 million, or $1,373 psf per plot ratio (ppr). The asking price includes the additional 10% gross floor area (GFA) for balconies and a development charge of about $9.87 million, says marketing agent Colliers International.

The apartment block sits on a freehold site of 27,356 sq ft. It’s zoned for residential use with a plot ratio of 1.4 under the 2014 Master Plan. The property can therefore be redeveloped into a new five-storey development with 43 units, assuming an average size of 850 sq ft per unit.

As Jervois Green is held by a single owner, the sale is not subject to approval from the Strata Title Board or High Court approval, and therefore offers developers a shorter turnaround time to launch the new project, says Tang Wei Leng, managing director at Colliers International.

Jervois Green is located just 850m from Jervois Gardens, which was recently acquired by SC Global Developments for $72 million ($1,373 psf ppr) in a collective sale in September. The selling price of newer projects in the area - such as Mon Jervois, Principal Garden, The Crest, and Alex Residence - which are largely leasehold, are about $2,350 psf, according to Colliers.

The tender for Jervois Green will close on Dec 5.

Tags:

Jervois Green Colliers International Jervois Garden

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 draws 10,000 as crowds surge at project sales galleries during Deepavali weekend

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

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

5

Is it a Good Deal?: A freehold four-bedder in D10 sold for $2,810 psf, seller made $2.6 million

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