Owners of units in Laguna Park, whose tender closed unsuccessfully on Friday, are now considering selling at a lower price. The new price is said to be between S$950 million and S$1 billion. The development's marketing agent Credo said residents are likely to receive letters advising on the situation in the next two or three days. Earlier, many property analysts said Laguna Park's initial S$1.2 billion...
2009
Some banks are rolling out new services and attractive mortgage packages to increase their market share in the private housing loan sector. Banks such as Standard Chartered has set up a service counter to offer loan evaluations at show flats. Said Dennis Khoo, general manager of Wealth Management Consumer Banking at Standard Chartered Bank: "I think it's even better prudence because before (a buyer) puts...
OWNERS of East Coast condominium Laguna Park have failed in their bid to sell the property en bloc for $1.2 billion through a tender process. Industry analysts say the result was not surprising, considering the high asking price. However, in a curious twist of events, one company had submitted a bid for $1.728 billion - only to withdraw the offer on Thursday night. The estate's marketing agent, Credo...
The company that had submitted the higher of two bids withdraws, citing funding difficulties LAGUNA Park, which went up for collective sale last month at $1.2 billion, has failed to attract a buyer so far. The 528-unit leasehold project at Marine Parade remains unsold after the company that submitted the higher of two bids faced funding problems. At the close of the tender on Tuesday, two submissions...
Location: Paterson Road (District 9) Tenure: Freehold Year of Completion: 2010 Total Units: 35 Unit Types: 2 Bedroom ~ 818 - 1,033 sqft Penthouses ~ 2,013 - 3,164 sqft Facilities: Stepping Stones, Pebble Water Court, Sun Deck, Jacuzzi, Landscaped Court, Gymnasium, Lap Pool, Function Deck, BBQ Pits, Sauna. Email [email protected] with the following for more information or an appointment: Paterson Linc...
The tender for the Laguna Park en bloc sale has closed unsuccessfully. Credo Real Estate said there were two bids for the 528-unit development at Marina Parade at the close of the tender on Tuesday. A local company whose shareholders are based in Indonesia had offered a price of S$1.7 billion, well above the owners' Reserve Price of S$1.2 billion. But Credo said by Thursday evening, the firm decided to...
Mainboard-listed developer Guocoland on Friday reported a net profit of S$12.3 million for the first quarter. This is a turnaround from the S$2.8 million net loss a year ago, which was partly due to foreign exchange losses. Revenue for the three months ended September fell 37 per cent to S$95.7 million, largely due to lower contribution from property development projects. During the quarter, Guocoland...
Two Built-To-Order (BTO) housing projects were launched on Friday, offering 1,200 flats in Sengkang and Jurong West. On the first day of sale, the Housing and Development Board (HDB) received 501 applications for the units. Located near two LRT stations, it is no wonder flat buyers are drawn to the 495 flats available at Fernvale Palms in Sengkang. An interested buyer said: "By the time the flat is...
The Housing and Development Board (HDB) launched two new Build-To-Order (BTO) projects on Friday. Fernvale Palms in Sengkang and Boon Lay Meadow in Jurong West offer a total of 1,200 standard flats. They comprise 240 units of 2-room, 396 units of 3-room, 512 units of 4-room and 52 units of 5-room flats. These 1,200 new BTO flats form part of the 5,000 new flat supply which National Development Minister...
Located in prestigious District 9, Rhapsody on Mount Elizabeth, a luxurious boutique development with an exclusive 32 freehold units, heralds a new era of metropolitan living. Mere minutes from the vibrant eclectic mix of shopping malls and designer boutiques along the Orchard promenade, Rhapsody on Mount Elizabeth is your answer to cosmopolitan lifestyle in a sanctuary with the city. Design along...