Riviera Point, a 33-unit residential development at the junction of Kim Yam Road and River Valley Road, has been re-launched for collective sale, with the owners seeking offers in excess of S$68 million. The S$68 million asking price translates to about S$1,379 per square foot based on the potential gross floor area, sole marketing agent Jones Lang LaSalle said in a statement on Monday. If...
Enbloc
An apartment development in the prime District 11 has been put up for collective sale, with its owners looking for offers in excess of S$40 million. The 16-unit apartment on Moulmein Road sits on freehold land of around 17,000 sq ft, across the road from Novena MRT Station, and Velocity@Novena and Square 2 shopping centres. The area is also served by the Central Expressway and Pan Island Expressway,...
The en bloc market has slowed significantly this year as developers turned cautious following the government's cooling measures and loan curbs. The value of en bloc transactions fell to S$1.3 billion so far this year, down from S$1.4 billion in 2012 and S$3.2 billion in 2011, according to property consultant Jones Lang LaSalle. Eunosville is up for en bloc sale for the second time, after its first...
The en bloc property market is stirring again with the launch of two collective sale tenders yesterday — one at the former Housing and Urban Development Company (HUDC) development Eunosville and a smaller one in the affluent postcode of Jervois Road. Eunosville, a 330-unit housing project opposite Eunos MRT Station, has been re-launched at an unchanged reserve price of S$688 million after its maiden...
Versailles, a 55-unit residential development, has been re-launched for en-bloc sale after an earlier attempt to find a buyer failed because bids did not reach the reserve price. Jones Lang LaSalle, which is the sole marketing agent, said that the collective sale committee managed to seek a fresh mandate to reduce the reserve price and that it is now in a position to accept any offer above S$96...
The collective sales or en bloc sales market for private residential properties saw a slowdown of 13 per cent in the second quarter (Q2) compared to the first three months of the year. The collective sales market in Q2 remained lukewarm as only four small sites were sold for a total of S$215.4 million. This is compared to the three deals worth S$247.8 million done in the first quarter. Analysts said...
A freehold residential site at 1 Jalan Remaja, off Hillview Avenue, has been put for sale by tender. The site, which is located on elevated ground, has a land area of over 43,500 square feet. According to its marketing agent DTZ Debenham Tie Leung, the site can be developed into a 10-storey condominium with a maximum gross floor area (GFA) of about 83,600 square feet. It added that the new...
Chancery Garden, a prime freehold mixed landed site in District 11, has been sold via private treaty for S$41 million. According to OrangeTee's Investment and Advisory Department, the S$41 million sale price translates to about S$1,391 per square foot over the land area. The three-storey block comprises 10 apartments and townhouses and has a site area of approximately 29,468 square feet. The size...
Eunosville, a former Housing and Urban Development Company (HUDC) estate, has been put up for collective sale. If successful, it will be the largest en bloc deal in six years. The announcement yesterday by sole marketing agent Jones Lang LaSalle came two years after the 330-unit residential estate was privatised and six years after the last successful en bloc sale of an HUDC site. Eunosville, directly...
The Henley Industrial Building was put up for collective sale on Tuesday. The four-storey industrial building at Upper Paya Lebar Road has an area of approximately 27,161 square feet with 17 existing units. Marketing agent CBRE said the building has a reserve price of S$37 million. This works out to S$545 per square foot (psf) per plot ratio and a breakeven cost of about S$792 psf. No...