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About the En Bloc Sales
Asia Gardens positioned along Everton Road neighboring Spottiswoode Park, has been sold en bloc in a collective sale for about S$343 million to a Sustained Land-led consortium which comprises Ho Lee Group as well as other associates.
This residential project in District 02 sold for greater than its querying price of just about S$338 million when they launched their tender in March.
Owner at the 23 storeys project, that is consist of four penthouses and 80 condo units, are anticipated to acquire gross sale revenues of around S$3.476 million up to S$7.73 million in each unit.
The sale cost indicates a site rate of about S$1,722 psf ppr (per square foot per plot ratio). Because of the high project guideline, there is no project charge outstanding, which converts to around S$1,565 per square foot per plot ratio, considering the 10% bonus balcony field.
Asia Gardens Location
Asia Gardens has a site area of approximately 72,059 square feet and has a 2.8 GPR (gross plot ratio). It was accomplished in the early 1980’s and is situated in the Spottiswoode district along Everton Road.
The area is nearby to the Central Business District (CBD) and a few distances from Clarke Quay, Marina Bay, HarbourFront and Orchard Road, as stated by Edmund Tie & Company’s marketing agent in a media release on April 17 (Tuesday). Nearest MRT is Outram MRT Station
| Mode of Transport | - Newton MRT - Stevens MRT - Orchard MRT - Pan Island Expressway (PIE) - Bukit Timah Expressway (BKE) |
| Nearby Amenities | - Newton Food Centre - Balmoral Plaza - Tanglin Mall - Botanic Gardens - Takashimaya - CK Tang |
| Nearby Schools | - Anglo Chinese Primary - Chinese International School - Singapore Chinese Girls School - Raffles Girls' Secondary School - Oversea Family School |
Potential of the Site
With the announcement of the transformation at the greater southern waterfront, the new development at this Asia Gardens location set to benefit with the transformation as numerous amenities like waterfront activities, new condos and hotel set to unfold at Telok Blangah area.
Sustained Land Ltd. led a consortium that obtained Parkway Mansion located in Amber Road for just about S$146.99 million in a collective sale in December 2017.
Sustained Land Ltd. as well acquired The Albracca in July 2017 for more or less S$69.1 million.
Edmund Tie & Company is as well managing the collective sale of Casa Meyfort and Peak Court, with their tenders ending on May 9 and 21 severally.
Former Asia Garden Registration of Interest
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Asia Gardens
Asia Gardens positioned along Everton Road neighboring Spottiswoode Park, has been sold en bloc in a collective sale for about S$343 million to a Sustained Land-led consortium which comprises Ho Lee Group as well as other associates. This residential project in District 02 sold for greater than its querying price of just about S$338 million when they launched their tender in March.
Product SKU: Asia Gardens
Product Currency: SGD
Product Price: 343000000
Product In-Stock: InStock
