Braddell View estate up for collective sale again at $2.08 bil
By Charlene Chin
/ EdgeProp Singapore |
Braddell View, the largest of the 18 HUDC estates in Singapore, is up for collective sale again at an unchanged reserve price of $2.08 billion.
The estate was first put up for collective sale on March 27, but closed on May 28 without any bids.
After factoring the 7% bonus balcony gross floor area (GFA), the estimated differential premium, and the lease top-up to a fresh 99 years, the price translates to a land rate of approximately $1,159 psf per plot ratio.
Braddell View comprises 918 units of apartments, maisonettes, and penthouses, as well as two shops. The sizes of residential units range between 1,453 sq ft and 3,369 sq ft. It sits on a 1.14 million sq ft hilltop site overlooking MacRitchie Reservoir Park.
Under the 2014 Master Plan, the Braddell View site is zoned for residential use with a gross plot ratio of 2.1 and has a proposed total GFA of about 2.4 million sq ft. Colliers estimates that up to 2,620 new residential units with an average size of about 915 sq ft could be built on the site, subject to approval for a pre-application feasibility study.
The site has easy access to the Pan Island Expressway and Central Expressway. It is served by three MRT stations: Braddell on the North-South Line; and Marymount and Caldecott on the Circle Line. Come 2020, Caldecott MRT Station will be connected to the new Thomson-East Coast Line, providing even greater accessibility to the northern and eastern parts of Singapore.
In addition, the upcoming North-South Corridor (NSC) near the site will further improve accessibility and reduce travelling time to the city when it is completed around 2026.
The tender will close on Sept 25 at 3pm.
For price trends, recent transactions, other project info, check out the Braddell View project details page
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