C&H Properties has been appointed as the exclusive Marketing Agent for Pine Grove Condo’s collective sale at the reserve price of $1.86 billion after careful selection from numerous top agencies invited to pitch for this project. The appointment takes effect from 20 December 2018.

 

Pine Grove sits on 99 year leasehold land with a plot size of approximately 893,219 square feet comprising of 660 residential with shop and clubhouse facilities. The site has a gross plot ratio of 2.1 and can be redeveloped into a residential development of up to 24-storey which translates to more than 1500 apartment units. It is a prominent residential landmark in district 21 with close proximity to Holland Village, reputable educational institutions, Shopping malls and Clementi MRT. Connectivity wise, Pine Grove has easy access to the expressway with Orchard Road and the Central Business District just a few minutes’ drive away.

 

The collective sale reserve price translates to a land rate of S$1,307 per sq ft per plot ratio (psf ppr), after factoring differential and lease upgrade premiums payable on a maximum permissible gross floor area of about 1,875,760 sq ft. The 893,219 square foot 99 year leasehold site has a gross plot ratio of 2.1 and can be redeveloped into an iconic residential landmark of up to 24-storey with 2,050 maximum allowable dwelling units with the average size of 85 sqm, subjected to planning approval.

 

Pine Grove has launched its collective sale by Tender for the 660 unit condominium located in the Holland Road cluster on 26 February, Tuesday and will close at 3pm on 23 April, Tuesday, 2019. It is currently in the 10 week private treaty period which allows en bloc sites to negotiate with interested developers.

 

With the expansion of the En bloc segment, the team is on an active lookout for associates interested to participate in this segment of the market.

 

Please contact Mr Freddy Choo at 93671345 for more information on the project or Mr Nelson Lim at 97738588 if you are interested to join our team.

 

Other active en bloc sales:

  1. Country Esquire
  2. Eastpoint Green