CARDIFF COURT

Cardiff Court, a huge D-19 site located near Lorong Chuan and Serangoon MRT station, will be launched for collective sale on Tuesday.

The property is expected to fetch around S$25 million.

This works out to owners getting between S$700,000 and S$1.45 million, depending on the size of their unit.

The 43,490.9 square feet site has 72 years of its lease left, and is zoned for Residential use.

The site has a gross plot ratio of 1.4 and an allowable height of up to 5 storeys.

Meanwhile, its potential gross floor area is 60,887.2 square feet.

This means that the new condominium development could have about 96 apartments with each unit measuring about 600 square feet.

The new condo project is expected to fetch about S$1,100 per square foot when it is launched.

The Tender will close on the 18th of November.

Source : Channel NewsAsia – 25 Oct 2010

So very few 99 year leashold properties have been sold en bloc; I believe only 7 to date:

• Grangeford Apt (Aug 2007)
• Farrer Court (Jun 2007)
• Gillman Heights (Feb 2007)
• Waterfront View (May 2006)
• A 144 unit property in Newton (Mar 2006)
• A 186 unit property in River Valley (Mar 2006)
• Amberville (Jan 2006)

This makes Cardiff Court's en bloc attempt all the more interesting. The records show that CC was supposedly sold in 2007 for $13.5 million - but I don't know what happened after that, because here it is up for sale again. The records show unit sale activity from 2009 onwards.