Kemaman Point up for en bloc sale with $143.8m reserve price

Romesh Navaratnarajah8 May 2018

Kemaman Point crop

Completed in 1993, the 89-unit Kemaman Point is located close to Novena MRT station. (Photo: Knight Frank)

Kemaman Point, a freehold condominium off Balestier Road in District 12, was launched for collective sale on Monday (7 May) with a reserve price of $143.8 million, said marketing agent Knight Frank Singapore.

Completed in 1993, it comprises one block of 89 apartments and is located close to Novena MRT station, Balestier Plaza and Shaw Plaza.

More: Property Investment Sales To Hit $46 Billion in 2018

The reserve price works out to a land rate of $1,180 psf per plot ratio, inclusive of a development charge of about $958,000.

The approximately 43,825 sq ft site is zoned residential with a gross plot ratio of 2.8 under the 2014 Master Plan, and could be redeveloped up to a maximum permissible gross floor area of about 122,710 sq ft.

The site could potentially yield some 162 units based on an average size of 753 sq ft.

“The new development built on site will enjoy unblocked views towards Jalan Kemaman, over the low-rise landed homes,” said Ian Loh, Knight Frank’s executive director & head of investment and capital markets.

“There also isn’t much impending supply in the Balestier area through land sales and collective sales. Hence new launches in the area are likely to be sought after due to the limited supply as well as the lifestyle that the area provides,” he added.

The tender exercise will close on 12 June. 

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


You may also like these articles

Park House, St Michael’s Condo join en bloc bandwagon

Located near Orchard Road, Park House carries a guide price of $308 million. (Photo: CBRE)The en bloc fever shows no sign of abating with Park House and St Michael’s Condominium joining the bandwago

Continue Reading24 Apr 2018

Collective sale fever hits Lakeside Towers, Jalan Besar Plaza

The owners of Jalan Besar Plaza are expecting $380 million if the sale goes through. This is the freehold development's fourth en bloc attempt.Lakeside Towers and Jalan Besar Plaza are the latest prop

Continue Reading27 Apr 2018

Two freehold properties launched for en bloc sale

Holland Tower in District 10 was put up for sale with a reserve price of $65 million. (Photo: SRI)More homeowners are trying their luck at collective sales, with two freehold developments launched at

Continue Reading3 May 2018