Loyang Valley Launch Sale 880 Mil Latest Collective Sale Bid
Loyang Valley, a 99-year leasehold condominium located along Loyang Avenue, is making its third attempt at a collective sale. Its marketing agent, Huttons Asia, announced that the 362-unit development will be launched for sale by public tender on July 8, with a reserve price of $880 million. This price reflects a $100 million reduction from its previous en bloc attempt in 2022. The development was listed for sale at $980 million, but failed to attract a buyer. Similarly, its first collective sale attempt in 2018 with a reserve price of $750 million did not garner enough support as well.
Huttons Asia states that the latest $880 million price tag is equivalent to a land rate of $936 psf per plot ratio. This price includes an estimated land betterment charge of about $221 million and a lease top-up premium of around $245 million. It also accounts for a 7% bonus balcony gross floor area (GFA).
Loyang Valley was constructed in 1985 and consists of seven four-storey apartment blocks sitting on a land area of 840,648 sq ft. The site is zoned for residential use and has a gross plot ratio of 1.6, which means it has the potential to yield up to 1.35 million sq ft in GFA if redeveloped. According to Huttons, the site can accommodate around 1,249 dwelling units subject to planning approval, assuming an average unit size of 1,076 sq ft.
Loyang Valley is situated in the Loyang East subzone within the Pasir Ris planning area. It is also in close proximity to the upcoming Loyang MRT Station on the Cross Island Line. Residents can enjoy various lifestyle and retail amenities within a 10 to 15-minute drive, including Downtown East, White Sands, Jewel Changi Airport, and Ikea Tampines.
Terence Lian, head of investment sales at Huttons Asia, notes that Loyang Valley presents a rare opportunity to create a serene residential enclave in the east that combines modern living with the heritage of Changi. Lian adds that the development stands to benefit from the future developments in the area, such as the Loyang Viaduct and Cross Island Line, which will enhance connectivity. Moreover, the upcoming Changi East Industrial Zone and Changi Airport Terminal 5 will also offer job opportunities and lifestyle options for residents. He also believes that the rising demand from the semiconductor and aviation sectors in Tampines North, Pasir Ris, and Changi will create a strong rental market for investors.
.
With its prime location in the established neighborhood of Toa Payoh in Singapore, The Orie truly stands apart. Its lavish living quarters and excellent connectivity are not the only selling points of this property. The development’s biggest advantage is its close proximity to a diverse selection of esteemed educational establishments. This makes it an ideal option for families who place a high value on academic excellence and convenient access to schools for their children. From primary schools to tertiary institutions, the area surrounding The Orie is a hub of educational opportunities. With The Orie as a residential choice, families can have the best of both worlds – a luxurious home and easy access to reputable schools for their children.
The tender for Loyang Valley will close on Sept 9 at 2pm. If you are interested, visit EdgeProp’s listings for more information on Loyang Valley properties or ask Buddy for assistance. You can also find information on profitable transactions, condo rentals, and project summary for Loyang Valley.