Tulip Garden is 2018's second largest en bloc sale at $906.89m

The sale price is 20.4% higher than the $753m reserve price.

Tulip Garden, a freehold development in Farrer Road, has been sold to Asia Radiant for $906.89m or $1,790 psf ppr, making it the second largest collective sale to date in 2018 after Pacific Mansion, Colliers International said. The sale price is 20.4% higher than the $753m reserve price, making it the second highest price premium so far this year.

According to an announcement, Asia Radiant is an entity jointly held by MCL Land Limited and Yanlord Land Group Limited.

Tulip Garden Collective Sale Committee chairman Ng Kee Wah noted that it is the site's fourth attempt at an en bloc sale.

Under the Master Plan 2014, the Tulip Garden site is zoned Residential with a Gross Plot Ratio of 1.6 and an allowable height of up to 12 storeys. No development charge is payable for redevelopment up to a Gross Plot Ratio of 1.6.

Colliers International managing director Tang Wei Leng commented, “Despite a spate of collective sale deals done in the Holland Road area in recent months and a large slate of redevelopment sites on the market, the tender for Tulip Garden still attracted very keen interest – a testament to its excellent locational attributes. The healthy demand for and firmer prices of residential sites reflect the optimism and rising confidence among developers of a more definitive recovery in the Singapore property market.”

Spanning 29,423.2 sq m (approximately 316,708 sq ft) in land size, the site sits on the fringe of an exclusive Good Class Bungalow (GCB) area in the prime District 10. It is located near Farrer Road MRT station on the Circle Line and is easily accessible to a wide range of amenities in Holland Village, Dempsey Hill, Bukit Timah, Empress Road and Orchard Road.

Tulip Garden comprises 162 units of apartments and maisonettes and two shop units. Sizes of residential units range from 158 sqm to 317 sqm (1,701 sqft to 3,412 sqft). Depending on the size of the property, each residential unit owner could receive between $4.3m and $7.6m from the successful sale of the development.

Tulip Garden is one of the sites from H1 that are expected to yield up to 4,900 residential units for developers.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]