United Mansion up for en bloc sale with reserve price of $98m

Romesh Navaratnarajah9 Apr 2018

United Mansion crop

Completed in 1968, United Mansion in Siglap is located close to Parkway Parade, I12 Katong and various schools. (Photo: Cushman & Wakefield)

The freehold United Mansion development at 592 to 614 East Coast Road has been launched for collective sale at a reserve price of $98 million, marketing agent Cushman & Wakefield said on Monday (9 Apr).

This works out to a land rate of $1,485 psf per plot ratio. Close to 90 percent of the homeowners consented to the sale.

More: Katong Omega Apartments Sold Collectively For $46.3m

Located at Frankel Estate in Siglap, the approximately 55,275 sq ft site is zoned “three-storey mixed landed”, according to the Master Plan 2014. No development charge is payable.

Completed in 1968, United Mansion could be redeveloped into a four-storey apartment with a gross floor area of about 65,975 sq ft. The new development could yield 87 units with an average size of 753 sq ft, subject to relevant authorities’ approval.

Parkway Parade and I12 Katong mall are situated nearby, while established schools like CHIJ Katong Convent, Victoria Junior College and Global Indian International School are within a one-km radius.

Christina Sim, director of capital markets at Cushman & Wakefield, said: “The site will certainly appeal to small and mid-size developers looking for a boutique residential redevelopment opportunity in the highly sought-after Siglap neighbourhood. Currently, there is also an undersupply of saleable units in this locale.”

The tender exercise will close on 9 May.

For the latest property news, trends, resources and expert opinions, visit our Property News page. Home buyers looking for Singapore Properties may like to visit our ListingsProject Reviews and Guides.


Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg


You may also like these articles

Chancery Court put up for collective sale at $390m

The asking price works out to a land rate of $1,572 psf per plot ratio. (Photo: OrangeTee Advisory)Chancery Court, a privatised HUDC estate along Dunearn Road, has been launched for collective sale at

Continue Reading3 Apr 2018

The Estoril sold in fourth attempt at collective sale

The sale price of $223.9 million works out to a land rate of about $1,654 psf per plot ratio. (Photo: CBRE)The Estoril condominium at 95 & 97 Holland Road has finally been sold for $223.9 million,

Continue Reading5 Apr 2018

Perennial and Qingjian to jointly redevelop Goodluck Garden

The freehold site off Upper Bukit Timah is close to Beauty World MRT station. (Photo: Knight Frank)Perennial Real Estate Holdings has formed a 40-60 joint venture with China-based Qingjian Group to jo

Continue Reading5 Apr 2018