Daisy Apartments up for en bloc

[sleek]

Daisy Apartments up for en bloc
By Jonathan Peeris | Posted: 05 July 2011 1323 hrs






SINGAPORE: Daisy Apartments, a residential redevelopment site near Serangoon Gardens, is up for en bloc at an expected price of above S$14.5 million.

Property consultants Credo Real Estate said the freehold site is located at Daisy Road and has a land area of more than 13,000 square feet.

The land is zoned for Residential use at a plot ratio of 1.4 and an allowable height of up to five storeys.

All the owners of the 12-unit apartment development have signed a collective sale agreement to sell the property.

Credo said the potential buyer has the option of redeveloping the site to accommodate approximately 42 apartment units of average 500 square feet, depending on layout and configuration.

Including an estimated development charge of S$744,000 for the 10 per cent bonus gross floor area for balconies, the land rate reflects approximately S$727 per square foot per plot ratio.

Deputy Managing Director at Credo Real Estate Tan Hong Boon said the site is likely to attract keen interests from small boutique developers.

He added that the once sleepy neighbourhood has been gaining popularity among homebuyers especially with the opening of the nearby NEX mall at Serangoon Central.

The tender for Daisy Apartments closes at 2.30pm on August 3.

- CNA/cc

[Geylang OKT]

Everybody rushing to enbloc before the bubble finally bursts

[kane]

Suitable for mm units.

[radha08]

Suitable for mm units.

yup dont think dd can fit in there....

dd=donald duck...

[radha08]

Everybody rushing to enbloc before the bubble finally bursts

yup home is not important to singaporean can sleep at bus stop but $$$ more important so...ENbloc

[solsys]

Enbloc activity seems to be increasing..... we still have another 3-4 years to go before orgasm.

[devilplate]

Enbloc activity seems to be increasing..... we still have another 3-4 years to go before orgasm.

wow...u can tahan for so long ar?

[solsys]

wow...u can tahan for so long ar?

Bo pian, government make us wear so many layers of protection, i.e. CM.

So slow down lor.....

[Rysk]

Bo pian, government make us wear so many layers of protection, i.e. CM.

So slow down lor.....

Mine.. one hse is on 2nd layer.. another is on 3rd layer..
4th layer one is the most jialet one!!

[hyenergix]

Daisy Apartments sold en bloc for S$14.62m
Posted: 06 September 2011 1514 hrs

http://www.channelnewsasia.com/stori...151388/1/.html

SINGAPORE: Daisy Apartments, a residential redevelopment site near Serangoon Gardens, was successfully sold via en bloc for S$14.618 million to SingBuilders.

This translates to a land rate of about S$738 per square foot per plot ratio, including an estimated development charge for the 10 per cent bonus gross floor area for balconies.

With the successful sale, each owner stands to receive gross sales proceeds of up to S$1.27 million.

The freehold site is located at Daisy Road and has a land area of more than 13,000 square feet.

- CNA /ls

[hyenergix]

Breakeven around $1050 psf. Selling price should be about $1300 psf+, similar or higher than Suites@Braddell.

[kingkong1984]

Should sell... Low entry price for developers..