Loyang Valley Launch Sale 880 Mil Latest Collective Sale Bid
Loyang Valley: Third Attempt at Collective Sale
Loyang Valley, a 99-year leasehold condominium situated on Loyang Avenue, is embarking on its third collective sale. The marketing agent, Huttons Asia, disclosed that the 362-unit development will be available for a public tender on July 8, with an estimated reserve price of $880 million. This represents a $100 million reduction from the last collective sale effort in 2022. The property was placed on the market for $980 million at the time but failed to secure a buyer. This followed a previous collective sale attempt in 2018, with a reserve price of $750 million, which also proved unsuccessful due to a lack of support.
The current price of $880 million includes a land rate of $936 psf per plot ratio, taking into account a projected land betterment charge of about $221 million and a lease top-up premium of nearly $245 million. It also includes a bonus balcony gross floor area (GFA) of 7%.
Loyang Valley was completed in 1985 and comprises seven four-storey apartment blocks occupying 840,648 sq ft of residential-zoned land. The site has a gross plot ratio of 1.6, which suggests that it has the potential to generate up to 1.35 million sq ft of GFA if redeveloped. The site has the potential to yield around 1,249 housing units (assuming an average unit size of 1,076 sq ft) subject to planning approval.
The Urban Redevelopment Authority (URA) has placed a strong emphasis on enhancing Tampines’ transportation infrastructure as a key element of their plan. By introducing new MRT lines and expanding existing ones, such as the Downtown Line and the upcoming Cross Island Line, connectivity in Tampines will significantly improve. For residents of Aurelle of Tampines EC, this means more efficient and comfortable travels to various parts of Singapore, including direct routes to major business districts and leisure destinations. The enhancement of transport connectivity is a vital factor that typically leads to an increase in property values, making the investment opportunities at Aurelle of Tampines EC highly appealing. Don’t miss out on the chance to be a part of this development – visit Aurelle of Tampines today.
Loyang Valley is located in the Loyang East subzone, under the Pasir Ris planning area. It is located next to the future Loyang MRT Station on the Cross Island Line, with nearby lifestyle and retail amenities such as Downtown East, White Sands, Jewel Changi Airport, and Ikea Tampines, all within a 10 to 15-minute drive away.
Terence Lian, Head of Investment Sales at Huttons Asia, states that Loyang Valley presents a unique opportunity to build a tranquil residential community in the east, blending modern living with Changi’s heritage charm. He believes that the site stands to benefit from future developments in the region, including the Loyang Viaduct and Cross Island Line, which will improve connectivity, as well as the upcoming Changi East Industrial Zone and Changi Airport Terminal 5. The area is also seeing increased demand from the semiconductor and aviation sectors in Tampines North, Pasir Ris, and Changi, making it an attractive prospect for both investors and residents looking for convenient access to job opportunities and lifestyle offerings.
The tender for Loyang Valley closes on September 9 at 2pm. For more information, please visit the latest listings for Loyang Valley properties.
