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What would be the en bloc price for Textile Centre?

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The en bloc price for Textile Centre can be estimated based on several factors, including the site's potential for redevelopment, its location, and the current market value of the units.
Given that Textile Centre is a mixed-use project with 132 residential units and is located in a central area near several MRT stations, the en bloc potential is considered strong. Here are some key points to consider:
- The site's central location and proximity to MRT stations like Lavender and Nicoll Highway enhance its value.
- Recent transactions of units within Textile Centre have been in the range of $1,000,000 to $1,240,000 for sizes around 883 to 1,163 square feet, with prices per square foot ranging from $1,032 to $1,156.
- The possibility of a mixed development, including residential, commercial, and potentially other uses like hotels or serviced apartments, increases the site's value.
While there is no exact figure provided in the sources, the en bloc price would likely be significantly higher than the sum of individual unit prices due to the site's redevelopment potential. A rough estimate could be in the hundreds of millions, considering the site's size and the potential for a large-scale mixed development.
For instance, if we consider the average price per square foot of recent transactions and the total site area, along with the potential for a full commercial and residential redevelopment, the en bloc price could be approximated to be in the range of several hundred million dollars, though a precise figure would require a detailed valuation by a real estate expert.
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