The Estoril En Bloc to FEC International for $223.9M

ABOUT THE EN BLOC SALES

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The Estoril is a 6-storey residential property that is comprised of 454 units. The property holds a freehold tenure and have a very nice and spacious land area. Finally sold upon its fourth attempt into collective sale. The lucky company who was able to bagged this en bloc at an amazing price of $223.9 million is one of the most reputable developers in the country, the FEC International.

Zoned as a residential area with a gross plot ratio of 1.6 based on URA’s 2014 Master Plan. 80% of the property’s share value was owned by the residents and have consented the sale. With a land size of 84,600 square feet, the price translate to an approximate amount of $1,654 psf ppr. Considering the balcony area of the property, the price is adjusted to $1,504 psf ppr as the balcony covers 10% of the total land size.

CBRE Singapore brokered this en bloc sale. Because of its high development baseline, there wouldn’t be any additional charge.

 

THE ESTORIL LOCATION

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The Estoril is situated along Holland Road in District 10. The property have a vast array of accessible public transport that include bus and MRT stations. These stations offer the ideal comfort for the future residents when it comes to commuting. Nearby MRT stations include the neighboring Holland Village MRT.

Accessibility through major roads and expressways is also possible. The nearest expressway are Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE). Along with Farrer Road, the future residents  of The Estoril will have a hassle-free driving to their destinations.

Within just a short distance of The Estoril  are reputable schools where residents can enroll their families and get an excellent quality of education. Schools like Global Tots Preschool, ACS International and Queensway Secondary School are among these.

There are also a good range of shopping establishments in the area. Enjoy and have a satisfying time at the Far East Flora @ Queensway and Raffles Holland V Mall. Dine and satisfy your palates and the surrounding dining establishment.

 

MODE OF TRANSPORT

• Holland Village MRT
• Commonwealth MRT
• Buona Vista MRT
• Farrer Road MRT
• Ayer Rajah Expressway (AYE)
• Farrer Road

 

NEARBY AMENITIES

• Global Tots Preschool – Holland
• Far East Flora @ Queensway
• ACS (International) Singapore
• Raffles Holland V Mall
• Dempsey Hill
• Alexandra Hospital

 

POTENTIAL OF THE SITE

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The site of The Estoril is said to be redeveloped to a potentially 12-storey residential apartment. The high interest in residential en bloc in the area proves that the future development in this address have a huge potential. Holding a freehold tenure made this en bloc site more attractive to the future buyers and investors.

An estimate of about 166 units can be reconstructed in this site. With spacious units and balcony features, the future development will surely be going to be one of the most promising residence in the area.

Another potential reason for the highly sought sale is the need of a high-end upgrade in the said area. As neighborhood evolve, residents often seek upscale improvements to enhance their quality of life, making this sale an attractive opportunity for those aiming to invest in the neighborhood’s transformation and reap the rewards of such upgrades. Upscale developments will attract more buyers, renters and investors does giving the future development an opportunity for a more competitive price and a high rental yield. Eventually, The Estoril will bring vast opportunities to its future residents in all aspects of modern living.

 

THE ESTORIL NEW CONDO REGISTRATION OF INTEREST

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