Kovan Lodge, a freehold residential site at Kovan Road is up for sale by tender, according to marketing agent Mount Everest Properties. Sited on a 27,090 sq ft plot, Kovan Lodge could be redeveloped into a larger residential development, subject to approval by the relevant authorities. If approval is granted to acquire an adjoining 505 sq ft state land parcel, the development could have a built up of...
Enbloc
Shan Gate Apartments along Shan Road is up for collective sale, according to marketing agent Remax. It said that sellers expect bids to range between S$51.5 million and S$53.5 million, reflecting land rates of S$1,010 to S$1,049 psf ppr based on a gross plot ratio of 2.8 and excluding balcony allowance. If balcony space is included, the price works out at S$918 to S$953 psf ppr. Each unit owner could...
Statistics from the Urban Redevelopment Authority (URA) show that the total transaction value of residential en-bloc properties for the first half of this year has plunged by 80 per cent compared to the same period last year. And there were fewer en-bloc property transactions. Real estate analysts believe that this is due to the global economic slowdown, and the government cooling measures introduced...
Sophia Mansions, a 19-unit development located at Mount Sophia, has been sold for S$43.3 million. Its marketing agent Credo Real Estate said the property was acquired in a collective sale deal by RP Assets Pte Ltd, a subsidiary of Roxy-Pacific Holdings. Under the 2008 Master Plan, the freehold site is zoned for residential use and Credo said it could be developed into a boutique development of up to six...
Chancery Garden, a prime freehold mixed landed development at District 11 near Orchard Road has been put up for collective sale by tender. With a site area of 29,468 sq ft, it could house six strata semi-detached plus 10 strata terraces, 18 strata terraces or any other configuration subject to approval. The property’s owners expect a minimum price of S$45 million and it is likely to attract interest...
Kismis Lodge, which is located off Toh Tuck Road, has been put up for collective sale by Credo Real Estate. The property currently comprises 64 units of walk-up apartments with a land area of 70,283 square feet. In a statement issued on Monday, Credo said the owners are expecting offers of around S$90 million to S$95 million. This translates to about S$1,281 per square foot (psf) to S$1,352 psf. If the...
Asia Gardens, a freehold 84-unit condo development located within the upcoming Spottiswoode residential cluster has been launched for collective sale. According to marketing agent Savills Singapore, the development sits on a 72,059 sq ft land parcel and has a gross floor area (GFA) of 201,465 sq ft. With a plot ratio of 2.8, the site is zoned for residential use under the 2008 Master Plan. The property...
Landmark Tower, a prime residential development located at Chin Swee Road on the fringe of the central business district (CBD) has been launched for public tender. Zoned for residential usage under the 2008 Master Plan, the site measures approximately 60,821 sq ft and has a plot ratio of about 4.014. It will provide the developer an opportunity to design a project with an inner city living concept. The...
Kemaman View, a freehold residential development located off Balestier Road, was sold en bloc for S$45.5 million on Monday. The sale translated to S$935 per square foot per plot ratio for the 17,388-square-foot site. The buyer is privately-owned developer Aylesbury Private Limited, who outbid two other entities to clinch the deal. The development's marketing agent HSR Investment Sales said the owners of...
En-bloc property sales have lost its shine so far this year. A total of nine en-bloc properties have been successfully transacted this year to date. This compares to 29 transactions in the same period last year. Although developers have turned cautious as cooling measures and requirements to build and sell out all the new units in five years start to bite, experts said interest in mixed-use en-bloc...