A freehold property on Whitley Road is up for a collective sale. According to its marketing agent DTZ, the development Villa Des Flores is located in the Chancery-Bukit Tunggal neighbourhood. The 9,696.3 square metre site can be redeveloped into a two-storey mixed landed housing project. The developer has the option to build detached, semi-detached and terrace housing, or a combination of all. As a...
Enbloc
The eye-popping S$590 million collective sale of Thomson View Condominium faces opposition from 13 of its owners who claim the block is undervalued, The Straits Times reported. As a result, the Strata Titles Board has issued a stop order that takes effect on 14 January as three rounds of mediation for the condo have been unsuccessful. The main issue is reportedly the sale price. Those objecting feel they...
Guang Ming Industrial Building, located at No 65 Upper Paya Lebar Road, has been put up for collective sale. The freehold industrial 'white site' has a land area of 19,789 square feet. Its marketing agent Cushman & Wakefield says the site is expected to fetch more than S$58 million. Among the likely interested parties for the site include small to mid-sized developers and those companies looking for...
Kismis Lodge, a freehold site located off Toh Tuck Road, is up for collective sale. This is the second time the site is being put up for sale. According to its marketing agent Jones Lang LaSalle, the 70,283 square feet site is zoned for a "3-storey mixed landed" development. The site can be redeveloped to yield up to 43 strata terraces or a combination of conventional and strata landed homes, subject to...
Two redevelopment sites at Balestier Road and Pasir Panjang Road have been launched for sale by tender, according to exclusive marketing agent Knight Frank. The first site at 520 Balestier Road is a 1,971.3 sq m (around 21,219 sq ft) freehold plot zoned commercial and residential under the 2008 Master Plan. With a gross plot ratio of 3.0, it can offer a gross floor area (GFA) of 5,913.9 sq m (63,657 sq...
Tanglin Shopping Centre is trying for an en bloc sale for the second time. It failed to find a buyer on its first attempt last year at a reserve price of S$1.25 billion. In fact, there has never been a successful en bloc sale in the Orchard Road shopping belt. Teresa Wong purchased a freehold shop spanning 330 square feet at Far East Plaza 25 years ago. For the beauty therapist, the need to control...
Katong Park Towers, a 99-year leasehold condominium in Arthur Road, has been put up for collective sale with an indicative price range of S$330 million to S$340 million, sole marketing agent DTZ Debenham Tie Leung said yesterday. According to the Master Plan 2008, the 140,758 sq ft site has a plot ratio of 2.1 and can be developed into a 24-storey condominium project with a maximum gross floor area of...
Green Lodge at Toh Tuck Road has been sold for S$191.888 million, becoming the biggest en bloc sale so far this year, according to The Business Times. Located off Jalan Jurong Kechil in Upper Bukit Timah, the property has a land area of 151,075 sq ft and could be developed into a five-storey condominium under the 2008 Master Plan. With a plot ratio of 1.4, the purchase price translates to S$907 psf...
A freehold residential development, Chateau Eliza, at Mount Elizabeth has been sold en bloc for S$92.2 million. It was sold to a consortium of private investors, Newfort Realty, and was the development's third tender attempt. This is also the 20th successful collective sale deal concluded in Singapore this year. With the sale, each apartment owner stands to receive gross sales proceeds of between S$2.08...
Thomson View Condominium, a 99-year leasehold residential development located along Upper Thomson Road, has been sold en bloc for S$590 million. Its marketing agent HSR International Realtors said in a statement that this is the largest collective sale deal outside the prime districts of 9, 10 and 11. It added that the deal reflects the return of confidence among major developers for collective sales...