Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

ON TRACK

Achieve the life you want, in the home you love
Property News07 Dec 2017

Brookvale Park in Sunset Way up for en bloc sale

Brookvale
BROOKVALE Park, located along Sunset Way in Clementi, has been launched for sale by tender for a minimum price of S$530 million.

Built in 1983, the 373,008 square feet (sq ft) site is zoned "Residential" with a gross plot ratio of 1.6. According to sole marketing agent JLL, the 999-year leasehold site could be potentially redeveloped from its current 160 units into a residential development of 550 units across 12 storeys, with an average unit size of 1,100 sq ft.

The new development would have a total gross floor area of about 656,494 sq ft, including a 10 per cent bonus balcony area.

At the minimum price and an estimated development charge of about S$26 million, it would reflect a land cost of about S$932 per square foot per plot ratio (psf ppr), with the break-even price at about S$1,480 to S$1,500 psf.

Over 80 per cent of owners consented to the sale.

The site is located within the exclusive Sunset Way enclave, and is accessible by major roads and expressways such as Bukit Timah Road, Clementi Road, the Pan Island Expressway and Ayer Rajah Expressway.

It is also near to tertiary and international education institutions such as Singapore Polytechnic, Ngee Ann Polytechnic, National University of Singapore, Singapore University of Social Sciences (formerly Singapore Institute of Management) and Canadian International School. Other amenities in the area include Holland Village, Bukit Timah Nature Reserve, Beauty World Plaza and Bukit Timah Shopping Centre

Yong Choon Fah, national director at JLL, expects "strong interest" from both local and foreign developers.

The tender for Brookvale Park closes at 2.30pm on Jan 25, 2018.

Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
MY PROPERTY
CONCIERGE
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
ON TRACK
Property News 25 May
Liang Seah Street, Little India shophouses for sale and auction

Three adjoining shophouses at 33 Liang Seah Street have been put up for sale via private treaty at $30 million, marketer Colliers International said yesterday.

The three units, which have multiple tenants, are on a single land title within the Beach Road Conservation Area and are zoned commercial and residential.

Property News 24 May
Balestier Regency up for collective sale at $218m

Balestier Regency, a 72-unit condominium complex off Balestier Road, was launched for collective sale by tender yesterday, with a minimum expected price of $218 million, Teakhwa Real Estate said.

The indicative price translates to a land rate of $1,264.90 per square feet per plot ratio (psf ppr), including a development charge of $1.35 million.

The land price will fall to about $1,220.90 psf ppr if the 10 per cent bonus balcony area is included, Teakhwa said.

Property News 23 May
HDB puts on sale 3,970 BTO flats in Sengkang, Yishun, Toa Payoh and Tampines

THE Housing Board (HDB) launched 3,970 Build-To-Order (BTO) flats across four projects in Sengkang, Yishun, Toa Payoh and Tampines on Tuesday, in the second such exercise this year.

Prices without grants range from S$76,000 for a two-room Flexi flat in non-mature estate Yishun, to more than S$422,000 for a five-room flat in mature estate Tampines.

About 17,000 BTO flats are expected this year.

Property News 21 May
Buyers snap up 70 units at Le Quest Phase Two launch on Saturday
SINGAPORE - Le Quest, a Qingjian Realty (South Pacific) Group mixed development project in Bukit Batok, sold 70 units on the first day of its Phase Two sales. Qingjian Realty has offered just 115 units for sale on Saturday (May 19), just a week after it opened up the development for Phase Two preview.

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.