A new en bloc sale at Kensington Park Serangoon has been launched with an updated guide price of S$1.28 billion. This is inclusive of a land betterment charge of S$209.8 million. This translates to about S$1,444 per square foot per plot ratio.
The Kensington Park Serangoon Condo Enbloc offers unobstructed views of a low-density landed neighbourhood. This development is located on Kensington Park Drive, between numbers two, four, six, eight, and 12. It is a short stroll from the Serangoon North MRT station, which is scheduled to open in 2030. Listed prices are inclusive of Singapore Land Authority land betterment charges and are $273.1 million after bonus balcony space.
The Kensington Park Serangoon Condo Enbloc is now being offered for sale by public tender. The updated guide price is S$1.28 billion, inclusive of land betterment charges of S$209.8 million. This represents a land rate of around S$1,444 per square foot per plot ratio.
The site has a total area of 491,000 square feet and is located in the Serangoon Gardens neighbourhood. It is a rectangular plot, with a plot ratio of 2.1. It also has a building height control of 24 storeys. The building’s height is controlled to allow for unobstructed views of a low-density landed area.
A public tender for Kensington Park Serangoon condo en bloc sales is underway. The condominium is currently listed for S$1.28 billion and comprises 316 units. The guide price is inclusive of a 7 per cent bonus gross floor area for balconies. This represents an enbloc price of S$1,414 per square foot per plot ratio. It also includes a $232.1 million development charge. The condo was built in 1990 and is zoned for residential purposes. The guide price is based on the estimated number of units, as well as a number of other factors.
The enbloc site will close on November 18 at 3 p.m., and is located in the Serangoon Garden district, close to several international schools including Rosyth School and Zhonghua Primary School. Several shopping malls are also within easy reach of the development. Serangoon Garden Country Club and Serangoon Garden Circus offer ample F&B options.
A collective sale is underway at the Kensington Park Serangoon Condo Enbloc. Approximately 316 units are up for grabs. The property has a guide price of S$1.28 billion, which works out to a land rate of $1,371 per square foot per plot ratio. This includes the 7% bonus gross floor area for balconies and a $232.1 million development charge.
The 491,000-square-foot site is located in the affluent Serangoon Gardens neighbourhood and is a prime location for residential development. It is zoned for development with a gross plot ratio of 2.1. As a result, the condominium could be built up to 24 storeys. However, developers must obtain approval from the Land Transport Authority (LTA) before completing their project.
This project is also located near a number of amenities. It is within walking distance of the Tavistock MRT station and Serangoon North MRT station. It is also within a short drive of the Nex and Heartland malls.
There are many amenities and conveniences nearby Kensington Park Serangoon Condo Enbloc. The neighborhood offers great schools, convenient transport links and lush greenery views. In the future, the neighbourhood is expected to be even more developed, with improved facilities and recreational opportunities. In addition, the new Serangoon Sub-Regional Centre will bring new job opportunities to the neighbourhood.
The neighbourhood is located near Tavistock Marina Gardens Condo MRT Station, Serangoon North MRT Station, and the Cross Island Line. This is an important benefit for residents as they can find employment near their homes, which can reduce commute times. The neighborhood is also close to several shopping centres, such as Nex and Heartland.
The building was completed in 1990, and consists of 316 units. Under the 2019 Master Plan, the property is zoned for residential use. It has two entrances, a gross plot ratio of 2.1, and a building height of 24 storeys. The development charge is about $232.1 million.