31 Dec 18 En Bloc 2018: 24 NEW launches from old en bloc sites
En Bloc 2018: 24 NEW launches from old en bloc sites
It has been almost a roller coaster year for en bloc property in 2018. The year had started with much promise with en bloc in 2018 slated to surpass the 26 successful en bloc sales the year before. However, because of the cooling measures in July, en bloc in 2018 has been at a standstill ever since.
Now, the new projects have slowly been launching over the last few months and have been watched with great interest at how they have performed. Here is our enbloc 2018 list of new launches:
1. One Tree Hill Collection – former One Tree Hill Gardens
One Tree Hill Collection is a project by Lum Chang Holdings, after purchasing the site previously known as One Tree Hill Gardens for $65 million. It is a rare landed housing project that consists of 14 landed houses (semi-d and detached) in the prime Jalan Arnap landed housing enclave. Being one of the few landed areas in the Orchard area, this luxury project will be sure to be on the shortlist of any well to do Singaporean family.
2. Riverfront Residences – former Rio Casa
Riverfront Residences is a 99-year leasehold project on Hougang Avenue 7 that is developed by Oxley-Lian Beng Venture Pte Ltd, with this being their largest current project at 1472 units. It is sitting on the land site previously known as the HUDC Rio Casa, which had gone en bloc for $575 million. The development has a unique mix of residences, with 9 blocks of apartments, 21 strata landed homes and 6 shops. Not to mention, it also offers 200m of riverfront views which is a major attraction for people.
3. Parc Esta – former Eunosville
Parc Esta is another new launch from a former HUDC, Eunosville. It was purchased by MCL Land for $756 million and will now be redeveloped into 1,399 units. One major attraction of the development is the location, as it is right opposite Eunos MRT station, which would be just a 2 minute walk. It is also close by to Paya Lebar Central, which is on track to be a commercial hub in the East.
4. Verandah Residences – former Lotus at Pasir Panjang
Verandah Residences is another project by Oxley Holdings Limited and is one of the rarer ones on this list due to its freehold status. It was formerly known as Lotus at Pasir Panjang and it had gone en bloc for $121 million. It is located only 5 minutes away from Haw Par Villa MRT station and it incorporates a unique design in its black and white bungalow concept which runs back to the colonial history of Pasir Panjang.
5. One Meyer – former The Albracca
One Meyer is a luxury freehold condominium being developed on the former site, the Albracca. It had gone en bloc for $69 million and will now be redeveloped into 66 units by the developer, Sustained Land. It also enjoys a great location, being on the doorstep of the upcoming Katong Park MRT station, which is on the Thomson-East Coast line.
6. The Affinity – former Serangoon Ville
The Affinity is a 99-year leasehold condominium that is located on the former Serangoon Ville, which is another HUDC site that had gone through a collective sale. It was purchased by a joint venture between Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings for $499 million. The Affinity is a big development which would consist of 1012 units, 40 strata landed homes and 5 commercial units.
7. Treasure @ Tampines – former Tampines Court
Treasure @ Tampines is a 99-year leasehold condominium that is being developed by Sim Lian Group Limited. It was formerly known as Tampines Court and has gone en bloc for $970 million which is the second highest en bloc deal of this cycle, just behind Pacific Mansion. The site is sitting on a huge piece of land at 702,164 sqft and will be redeveloped into more than 2,000 units. It is also situated close by to Simei MRT and Tampines West MRT station.
8. The Gazania – former Sun Rosier
The Gazania is a freehold development that used to be the former Sun Rosier condo at How Sun Drive. It had gone en bloc for $271 million and will be redeveloped into about 204 units. The development enjoys a convenient location, being right next to Bartley MRT station.
9. Meyerhouse – former Nanak Mansions
Meyerhouse is a freehold condominium that is being developed by Secure Venture Development, which is a unit of UOL and Kheng Leong Co. The site used to be the former Nanak Mansions and will be redeveloped into about 190 units. It is located in the prime Meyer district and is close to the upcoming Tanjong Katong MRT station on the Thomson-East Coast line.
10. Petit Jervois – former Jervois Gardens
Petit Jervois is a luxury boutique development and a brand called Petit Collectibles under renowned luxury developer SC Global Developments. It is located in the prime Jervois area, which is near to Tiong Bahru and will have about 55 units.
11. Amber Park – former Amber Park
Amber Park is a freehold condominium that will retained its name from the previous development. It was built in 1986 by City Developments Ltd (CDL) and was actually sold back to them and their joint-venture partner Hong Realty at $906.7 million. It was keenly contested because it is rare to have a large freehold land area in Marine Parade. It will be redeveloped into a luxury condominium with 592 units and its main attraction will be its scenic sea views.
12. The Florence Residences – former Florence Regency
The Florence Residences is a huge new upcoming 99-years leasehold development that is redeveloped from the former Florence Regency. The winning bid of $629 million came from a Chinese developer, Logan Property Developers. It will now be developed into Florence Residences at 1410 units. The development is located at Hougang and the nearest MRT is Hougang MRT station.
13. Dunearn 386 – former Dunearn Court
Dunearn 386 is a new freehold condominium built on the former Dunearn Court site. It was purchased by Roxy-Pacific Holdings for $36.3 million. It is a small development, as the new condo will only have about 35 units. It is conveniently located close to both Botanic Garden MRT and Tan Kah Kee MRT station.
14. 35 Gilstead – former Casa Contendere
35 Gilstead is a new freehold condominium formerly known as Casa Contendere. It has previously gone en bloc for $72 million and will now be redeveloped into about 70 exclusive units.
15. Mayfair Gardens – former Mayfair Gardens
Mayfair Gardens is a new 99-year leasehold condominium that has kept the same name as the previous development. It is located in Bukit Timah and it is just a short 5 minute walk from King Albert Park MRT station. It was purchased by Citrine Property for $311 million and will be redeveloped into 386 new units.
16. The Lilium – former How Sun Park
The Lilium is a new freehold condominium that is located at How Sun Road. How Sun Park had gone en bloc for $81 million by the SingHaiyi Group Ltd and will be redeveloped into an estimated 100 units. It is also located just a short walk away from Bartley MRT station.
17. Bukit Timah Collection – former Royalville
Bukit Timah Collection is a new launch freehold condominium along Bukit Timah Road by Allgreen Properties Ltd. The former Royalville had gone en bloc for $478 million and will now be redeveloped into Bukit Timah Collection with 300 units. The development is just 5 minutes away from Sixth Avenue MRT station.
18. Fyve Derbyshire – former Derby Court
Fyve Derbyshire is a new condominium that is located in Novena at Derbyshire Road. It is a freehold development being developed by Roxy-Pacific Holdings and was previously Derby Court that had gone en bloc for $74 million. It will consist of 71 units and is about 500m away from Novena MRT station.
19. The Addition @ Meyappa Chettiar – former Apartment 8
The Addition @ Meyappa Chettiar is a small freehold condominium at Meyappa Chettiar Road by Oxley Holdings. It was purchased for $21.5 million and will be redeveloped into a total of 26 units.
20. Kent Ridge Hill Residences – former Vista Park
Kent Ridge Hill Residences is a new condominium development from Oxley Holdings. It was formerly known as Vista Park and had gone en bloc for $418 million. It will now be redeveloped into 498 apartment units and 50 strata landed houses. It is also located 8 minutes away from Pasir Panjang MRT station.
21. Van Holland – former Toho Mansion
Van Holland is a new small freehold condominium development that replaces the former Toho Mansion at the Holland Village area. At launch, it will have a mix of 1 – 4 bedroom apartments and it is located just a 2 minute walk away from Holland Village MRT station.
22. Tulip Garden Residences – former Tulip Garden
Tulip Garden Residences is a new freehold condominium development by Yanlord Land Group and MCL land. It is located at Farrer Road and the new development will offer 670 residential units.
23. Harbour View Gardens – former Harbour View Gardens
Harbour View Gardens is a new freehold launch by Roxy Pacific Pte Ltd that is along Pasir Panjang Road. It will have a total of 57 units and will retain the same name as the former development.
24. The Hyde – former 11 Balmoral Road
The Hyde is a new small freehold development by Aurum Land at 11 Balmoral Road, which is the name of the previous development. It is walking distance to Newton MRT station and close by to Orchard Road as well.