A boutique prime freehold residential development site in District 10 will come on the market when the collective sale of One Tree Hill Garden is launched within the next week. BT understands that the reserve price in the collective sale agreement signed by the majority owners of the three-storey walk-up apartments is about S$70 million. This translates to S$1,792 per square foot based on the land area...
Enbloc
A bundle of three smallish freehold apartment developments in prime districts 9 and 10 may be put on the market soon, The Business Times understands. Estimated to be worth "a couple of hundred million Singapore dollars", the portfolio comprises 120 Grange Road, Cuscaden Mansions at 3 Cuscaden Walk, and 8 Hullet Road. The developments house 47 units in total. The owner is said to be a trust operated...
Katong Shopping Centre has been put up for collective sale for the third time. The reserve price is set at S$630 million. This translates to a land price of S$2,248 per square foot per plot ratio. The mall, which contains 425 units, sits on a freehold plot of nearly 87,000 square feet. Situated along Mountbatten Road, it houses among others, offices, employment agencies, printing and tailoring...
Jalan Besar Plaza will be put up for sale again after a bid to sell the building last November failed, real estate group Huttons said on Monday (Jun 6). The 36-year-old building will be launched for public tender on Tuesday at a minimum price of S$380 million, or S$2,115 per square foot per plot ratio. The sale in November had priced the building at S$390 million but did not receive any bids. The...
Owners at Harbour View Gardens in Pasir Panjang are hoping to make it second time lucky, after launching the project for collective sale at about $34 million yesterday. About three years ago, the proposed sale of the site to Roxy-Pacific Holdings for $33 million was blocked by the High Court, and the decision was upheld by the Court of Appeal. The basis for the rejection was that the public tender...
In an unprecedented move, the Council for Estate Agencies (CEA) has fined a property agency and barred it from undertaking any enbloc sale work for one year starting April 20, after it was found to have breached its duty as adviser and brought about a conflict of interest by offering incentive payments to several homeowners of Thomson View Condominium in exchange for their backing the development’s...
Shunfu Ville has been sold for S$638 million to developer Qingjian Realty. It is one of the largest collective sale deals since Farrer Court in 2007. The deal was struck after 80 per cent of the owners agreed to accept the offer, despite it being lower than the reserve price of at least S$688 million. With the sale, owners of the 358-unit development will receive an average of S$1.78 million for...
Shunfu Ville has been put up for en bloc sale again. Marketing agent JLL said the owners want at least S$688 million, which translates to S$791 per square foot per plot ratio. Located in the Bishan/Thomson area, Shunfu Ville is made up of three 16-storey apartment blocks and three low-rise blocks of masionettes. The 358-unit residential development occupies a land area of around 410,000 square...
Jalan Besar Plaza has been put up for collective sale for an estimated sale price of S$390,000,000, real estate group Huttons announced on Monday (Nov 23). In a press release issued on Monday, Huttons said that the estimated sale price comes up to S$2,451 per square foot for the 35-year-old commercial and residential building. The 53,043 sq ft building is zoned under Commercial and Residential with a...
The Normanton Park condominium is set to be put up for en bloc sale next Thursday (Oct 22) after more than 80 per cent of the owners agreed to a sale. Channel NewsAsia understands that the reserve price is in the region of S$840 million. Located near Kent Ridge Park, the estate is on a site of about 62,000 square metres with a balance lease term of about 61 years. Formerly designed for Singapore...