>

Manhattan House up for collective sale at $300 mil

By Bong Xin Ying

/ EdgeProp Singapore |

September 18, 2019 7:24 PM SGT

SINGAPORE (EDGEPROP) - Manhattan House is to be launched for collective sale by public tender on Sept 20, at a reserve price of $300 million. This reflects a land rate of about $1,681 psf per plot ratio, and is inclusive of differential premium payable. ERA Realty is the marketing agent.

More than 80% of the owners are in favour of the en bloc sale. The 99-year leasehold Manhattan House comprises 269 units, and occupies a land area of about 44,861 sq ft. Zoned “commercial” under the 2014 Master Plan, it has an indicative plot ratio of 4.7.

It is a less than 11-minute walk from the Chinatown, Fort Canning, and Clarke Quay MRT stations.

“We have already received strong interest from local and overseas developers even prior to our tender launch, given Manhattan House’s choice location and promising development potential,” says Jeremy Rikas Chiu, group division director of ERA Realty Network.

The tender will close on Nov 20, at 2pm.

Stay updated with En Bloc Singapore - Latest News, Enbloc Potential, Listings & Sales in 2021

For price trends, recent transactions, other project info, check out the Manhattan House project research page

Read also:

DC rates up 1.7% for commercial, down 0.3% for non-landed residential use

Braddell View estate up for collective sale again at $2.08 bil

Beaufort on Nassim up for collective sale at $222.68 mil

Tags:

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

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.