Tags: enbloc / vista park

Enbloc News: Vista Park - Take 3!

- November 9, 2011 No Comments

A prime leasehold site next to Kent Ridge Park is up for sale by tender with a reserve price of $323 million.

The site, Vista Park at 50-66 South Buona Vista Road, has a potential gross floor area (GFA) of approximately 446,947 square feet.

Based on the reserve price, the land price works out to be about $824psf ppr, inclusive of a lease top-up of approximately $45.3 million.

The break even cost is expected to be $1,250 psf.

Vista Park is approximately 319,248sqft in size and currently comprises 209 residential apartments and townhouses.

Knight Frank, the sole marketing agent, will close the tender on 7 December.

Source: Channel News Asia

Some may recall that Vista Park was last put on the market in May 2011 for $338 million. So it looks like the owners have decided to reduce their reserve price by abit. Here's hoping that it will be third time lucky for them...

Click below to see our previous post on Vista Park en bloc:
http://sgproptalk.blogspot.com/2011/05/more-enbloc-news-vista-park.html

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More Enbloc News: Vista Park

- May 12, 2011 11 Comments

Vista Park, a 99-year leasehold residential development off Pasir Panjang Road, has been put up for collective sale with a guide price of $338 million. Vista Park has a site area of about 319,248sqft and a gross plot ratio of 1.4. This translates to a land price of $862 psf ppr based on the potential gross floor area of almost 447,000sqft.

Tucked away in a tranquil neighborhood next to Kent Ridge Park, the site is close to the Ayer Rajah Expressway (AYE) and within walking distance from Pasir Panjang MRT Station, which is expected to be ready by the fourth quarter of this year.

The tender is being managed by Knight Frank and will close at 3pm on June 30th.

The wife and I understand that Vista Park was put up for collective sale at least once before, i.e. in 2007, with a guide price of around $680psf ppr. What a difference 4 years make!

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