What You Need to Know About Oxley Garden Enbloc Condo

Whether you are buying or selling a condo in Oxley Garden Enbloc, make sure that you are well informed. This is so that you can make the best decision for your family. There are many factors that you need to keep in mind before you make any decision. These include the Gross Plot Ratio (GPR), the Gross Floor Area (GFA), the location, and the recent transactions. You also need to know the potential for redevelopment.

Location

Located in District 9, Oxley Garden enbloc is a low-density residential development consisting of 46 units in six four-storey blocks. The development is close to amenities such as the Orchard Road, Cold Storage – Plaza Singapura, Swedish Supplementary Education School and Chatsworth International School Orchard Campus. The development is also within walking distance to MRT stations.

Oxley Garden was first put up for collective sale in April. More than 80 per cent of the owners have agreed to the collective sale at a minimum price of $200 million. The site can be rebuilt into a five-storey condominium development with a maximum permissible gross floor area of 92,065 sq ft. It also has an 8% bonus GFA.

The site is surrounded by several outdoor parks such as Kent Ridge Park, Buona Vista Exchange and West Coast Park. Oxley Garden is also close to several buses along Upper Serangoon Road and Hougang Avenue 7.

Gross plot ratio (GPR)

Using the Gross plot ratio (GPR) to determine the height of a building is a good way to judge how tall a development is. There are several variables to consider. These include the site’s topography, traffic situation, and site context.

The URA’s URA Space provides GPR information. However, it does not prescribe specific plot ratios for Reserve Sites. These sites are those where definite use has not yet been determined.

The GPR may be a small percentage of the total area, but it’s a good indicator of the site’s overall shape. It may also have to do with the site’s proximity to airports.

The URA’s site and building regulations can limit the height of a development to 12 storeys or less. In some cases, a building’s height may be limited by the site’s ground conditions or by the presence of special control areas. The URA’s site regulations also determine the number of units a development can hold.

Gross floor area (GFA)

Developed in 1986, Oxley Garden is located on a freehold 58,207 sq ft property in prime District 9. The property consists of six four-storey blocks with 46 apartments. The site is a mere one kilometre from River Valley Primary School and Somerset MRT Station.

The site is zoned for residential use with a gross plot ratio (GPR) of 1.4. It is possible to redevelop the site into a five-storey condominium. The maximum allowable GFA is 93,770 sq ft. The site is also eligible for a 10% bonus GFA. The site has a minimum asking price of S$200 million.

The site is also eligible for commercial redevelopment. It is surrounded by other residential properties including Gloria Mansion, Lakeside Apartments, and Park View Mansions. The site also has potential for a hotel.

Potential for redevelopment

Located in the Core Central Region, Oxley Gardens Enbloc Condo is a rare freehold residential plot on elevated ground. It is located next to Oxley Garden. It is within a kilometer of River Valley Primary School and St. Margaret’s Primary School. The property is also within a five-minute drive from MacRitchie Reservoir.

The site is zoned for residential use. It has an as-built gross floor area of 85,246 sq ft. The land can be developed into a five-storey condominium. This can bring the total GFA to 93,770 sq ft. The land can also be reconfigured into a mixed-use development. The site is located around 600 metres away from Somerset MRT Station.

The site can accommodate up to 31 luxury homes. It also has a plot ratio of 1.4. The gross plot ratio is the ratio between the gross floor area of a development and its plot area. It allows developers to maximise the value of their en bloc sites. It also allows developers to get a bonus GFA of eight percent if they are developing the property to meet government targets.

Recent transactions

Several developments in the Oxley Gardens Enbloc Condo market have completed transactions. Amber Park and Park House were both sold for over $1 million. The former was listed at S$1 psf ppr in September 2016. The latter was at S$2,910 psf ppr in June 2018.

Orchard Bel Air, meanwhile, was listed at S$587.5 million on July 27. Its owners have now begun engaging with prospective buyers. However, the latest collective sale tender has closed without a bid.

Oxley Garden, on the other hand, is set to relaunch for collective sale. It is expected to sell for at least S$200 million. It consists of 46 units in six four-storey blocks. The as-built gross floor area (GFA) is 85,246 sq ft. It does not require land betterment fees.