Laguna Park: 4th En Bloc Sale at $1.48 Billion

2 min read

Laguna Park is up for en bloc sale for the fourth time, with a reserve price of $1.48 billion. Bidding will close at three p.m. on 8th May 2019.

Previous attempts for collective sale were in 2007 and 2010, as well as in September last year with the same reserve price.

The $1.48 billion translates to a land rate of $1,231 per square foot per plot ratio (psf ppr), subject to the authorities’ approval. This is slightly lower from the $1,253 psf ppr announced last year.

Due to lowered development charges by the Urban Redevelopment Authority (URA), land rates also fell.

Laguna Park: 4th En Bloc Sale at $1.48 Billion
Laguna Park is up for en bloc sale for $1.48 billion.

The reserve price also takes into account a lease top-up of about $420.7 million, as well as an additional differential premium of about $407.4 million for intensification of the site to a plot ratio of 2.8

The 99-year leasehold residential estate comprises seven blocks. It has 516 residential and 12 commercial units, off Marine Parade Road.

Laguna Park will also be near the upcoming Siglap MRT station along the Thomson-East Coast Line.

Marketing agent Knight Frank Pte Ltd note that the “both panoramic sea views and the convenience of an MRT station entrance” characterise the area.

Do you think this area has good potential? Voice your thoughts in our comments section or on our Facebook community page.

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Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.

One easy way is to send us a request for a credible and trusted property consultant to reach out to you.

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