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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11 comments:
anyone with news from the tender exercise ?? thanks.
No news is good news....
what is the progress so far?
No progress.
I guess that the promoters are scared of what should happen in 2 years....
as one of the owners,I did't get any update :(
Hi Anonymous (16/8/11, 2:19PM):
The 10 weeks after tender closure (i.e. for private treaty negotiations) is fast coming to expiry, given that the tender dateline was June 30th.
So if you still hear nothing over the next week or two... we reckon the collective sale for Vista Park has gone down the road of Pine Grove and (possibly) Laguna Park.
I think the en bloc agent is doing a Pine Grove?!
Hi I am still awaiting for the result? what is happening to Knight Frank? any news?????
Hi Anonymous (9/9/11, 8:59PM):
We have heard nothing so far, and we don't think the good people at Knight Frank that's working on the en bloc actually read our blog.
Maybe you should consider leaving a message at THEIR website? :)
Cheers!
Made a call to agent of Knight Frank a few weeks ago,They told me that they will relaunch our vista park to tender in next 6 months to find out the best deal for us. that's mean the first time was failed.I think the chance will go to 10% to secure the tender on second time.lol
Hi Anonymous (4/10/11, 2:46PM): Many thanks for sharing and do keep us posted if you hear of anything else!
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