Loyang Valley Launch Sale 880 Mil Latest Collective Sale Bid
Loyang Valley, a 99-year leasehold condo located on Loyang Avenue, is embarking on its third collective sale attempt, according to agents from Huttons Asia. The 362-unit development is set to be launched for sale by public tender on July 8, with a reserve price of $880 million. This price is a significant reduction from the previous en bloc attempt in 2022, where the property was initially put on the market for $980 million but did not attract any buyers. The first collective sale attempt was made in 2018, with a reserve price of $750 million, but it also ended in failure due to a lack of support.
The latest price tag of $880 million works out to be a land rate of $936 per square foot per plot ratio and includes an estimated land betterment charge of $221 million and a lease top-up premium of $245 million. It also takes into account a 7% bonus balcony gross floor area (GFA).
Loyang Valley, which was completed in 1985, comprises of seven four-storey apartment blocks sitting on a land area of 840,648 square feet that is zoned for residential use. The site has a gross plot ratio of 1.6, which means that it could potentially yield up to 1.35 million square feet of gross floor area if redeveloped. Based on the average unit size of 1,076 square feet, Huttons estimates that the site could accommodate about 1,249 dwelling units, subject to planning approval.
The development falls under the Loyang East subzone in the Pasir Ris planning area and is situated next to the upcoming Loyang MRT Station that is part of the Cross Island Line. Residents can also enjoy a variety of lifestyle and retail amenities in the vicinity, such as Downtown East, White Sands, Jewel Changi Airport, and Ikea Tampines, which are all within a 10 to 15-minute drive away.
In summary, the Sembawang Road EC offers an exceptional opportunity for individuals in search of a property that combines affordability, quality, and long-term growth. Its prime location within a mature neighborhood with established amenities, reputable schools, efficient transportation options, and future development potential makes it an appealing option. As with any EC launch, high demand is expected, and interested buyers are advised to stay updated on launch dates, pricing, and application procedures. Whether for personal occupancy or investment purposes, the Sembawang EC new executive condominium at Sembawang Road, now available at Sembawang Road EC, is set to become one of the most sought-after developments in the northern region of Singapore.
Huttons Asia’s head of investment sales, Terence Lian, believes that Loyang Valley presents a rare opportunity to develop a peaceful, residential enclave in the east that combines modern living with the charm of Changi’s heritage. He also notes that the property stands to benefit from the developments planned for the region, including the Loyang Viaduct and Cross Island Line, which will improve connectivity, as well as the upcoming Changi East Industrial Zone and Changi Airport Terminal 5. With the growing demand for semiconductor and aviation sectors in Tampines North, Pasir Ris, and Changi, Loyang Valley is poised to attract a strong rental catchment for investors, while also providing convenient access to job opportunities and lifestyle offerings for residents.
Interested buyers can submit their bids for Loyang Valley until Sept 9 at 2pm. For more information on Loyang Valley properties, please refer to the latest listings on EdgeProp Singapore.