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ABOUT THE EN BLOC SALES
The Kemaman Point En Bloc successfully launched into collective sale. This property is with 89-unit residential property which is well addressed at Jalan Kemaman. The site area measures a staggering 43,824 square feet. The owners of the units here decided and agreed to put it up into an en bloc sale which have been successfully sold to Soilbuild Group Holdings in an astounding amount of $143.88 million. This price sets an amazing record on sale for freehold properties in the area.
Its permissible gross plot ratio is set to 2.8 which enables it for a spacious redevelopment. The sale price sets to give the unit owners a magnificent price ranging from $1.4 to $2.32 depending on the kind of unit they own. That translates to about $1,180 per square feet per plot ratio (psf ppr), price that is really a winner for every unit owner.
The marketing agent for this en bloc is Knight Frank which has an outstanding record for saving a successful en bloc sale for a superb combined amount of more than $3 billion since May 2017. 8 successful en bloc sales were included in the list such as properties like Normanton Park at $830.1 million, Goodluck Garden at $630 million, Dunearn Gardens at $468 million and Mayfair Gardens at $311 million.
KEMAMAN POINT LOCATION
Kemaman Point has been one of the most accessible properties in District 12. This property has been in an essentially few minutes drive from the different amenities that can help boost the quality of lifestyle of the future inhabitants.
Close to schools that have an excellent reputation when it comes to educational services, the inhabitants will have a great array of choices for their family. Schools including Hong Wen School, EtonHouse International School Thomson, CHIJ Secondary School, St. Joseph’s Institution Junior, Stamford Primary School, Bendemeer Primary School and Catholic Junior College are just among the long list.
Exciting recreational hubs and different renowned shops are available in the nearby shopping malls that can be enjoyed by the presiding community. The malls have a wide array of reputable brands including your favorite dining shops. The list include Balestier Plaza and Shaw Plaza to mention a couple.
Bordered with convenient roads such as Pan Island Expressway (PIE), the inhabitants will have the comfort of travel they’ve always wanted. Commuting is far way easy as MRT and bus stations are just a few moments away from the address.
MODE OF TRANSPORT
- Toa Payoh MRT
- Novena MRT
- Boon Keng MRT
- Farrer Park MRT
- Pan Island Exoressway (PIE)
- Curtin Singapore
- Shaw Plaza
- Bendemeer Secondary School
- Tan Tock Seng Hospital
- Novena Rise Park
- St. Joseph’s Institution Junior
- Pek Kio Market & Food Centre
- Toa Payoh Town Park
POTENTIAL OF THE SITE
The site of the Kemaman Point is expected to be redeveloped into a high-rise residential property with a majestic home. The developer ensures that the property will have a convenient and spacious floor layout that the future residents will be able to enjoy.
Set to have a gross plot ratio of 2.8, a well-designed and elegant home residence is about to be constructed in the former site of Kemaman Point. The site area measures 43,825 square feet with an allowable maximum Gross Floor area of up to 122,711 square feet. This measurement translates to about $1,173 psf ppr.
The redeveloped property will also have a 10% balcony inclusion to ensure better space for the future residents. An estimated 162 units of residential space are about to be housed in this amazing development. It will also offer a majestic and unobstructed view of the scenic Jalan Kemaman.
With an excellent site address, there is a great potential that this property will be able to have a huge and successful sale on its units.
KEMAMAN POINT NEW CONDO REGISTRATION OF INTEREST
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