Two new en-blocs to hit the Singapore market

Kembangan plaza

Propnex revealed on their Facebook page that they won the mandate to work on an en-bloc for Kembangan Plaza at 18 Jalan Masjid and Elias Green.

Kembangan Plaza is a freehold mixed development made up of residential and commercial units within walking distance of Kembangan MRT.

PropNex is proud to be awarded with our second en-bloc project, freehold mixed development, Kembangan Plaza at 18 Jalan…

Posted by PropNex Singapore on Thursday, 5 April 2018

Completed in 1993, the development is near various schools such as Victoria Junior College, St Patrick’s School, CHIJ Katong Convent and Tao Nan Primary School.

It is rare for mixed development complexes to be up for sale. However, the sentiment that is accompanying the wave of en-blocs across many parts of Singapore appears to be spilling over to the mixed development sector.

Also read: How to spot condos with en-bloc potential

As of 7 April, there was one residential unit for sale at Kembangan Plaza at S$1.315m.

In Commercialguru, there were 6 commercial units for sale at the development with prices ranging from S$2.2m to S$5m.

Elias Green is a condominium of 419 units, located just off Tampines Expressway (TPE) and is nestled amidst more than 12 acres of lush, soothing tropical landscape.

PropNex is proud to be awarded with our first en-bloc project, Elias Green Condominium at Elias Green Road. PropNex has…

Posted by PropNex Singapore on Tuesday, 3 April 2018

Built by Elias Development Pte Ltd, the 99 year leasehold condo was completed in 1994 and has 7 floors.

Located in Pasir Ris, the travel time to Orchard is 20 to 25 mins, but less than 10 mins to Changi Airport and the Tanah Merah Ferry Terminals.

Also read: All about DC rates and en bloc deals

Facilities in the condo include gym, sauna room, billards and table tennis rooms, bbq areas and children’s playground.


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