Westvale Condominium at Pasir Panjang Road has been put up for collective sale with an indicative price tag of S$85.5 million. The 62,710-square-foot freehold site has a potential gross floor area of 96,574 square feet, inclusive of 10 per cent balcony space, and an allowable building height of up to five storeys. The indicative price works out to be about S$892 per square foot per plot ratio. There is...
Enbloc
Shenton House, located in the heart of the central business district in Singapore, has been put up for collective sale. In a statement, its sole marketing agent DTZ said the site which is situated at Shenton Way could fetch S$530 million. This translates to S$1,720 psf per plot ratio based on the allowable approved gross floor area of nearly 427,500 square feet. The leasehold property sits on a land...
The freehold mixed-use development Seletar Garden has been successfully sold in a collective sale exercise for S$96.2 million to a consortium led by Oxley Holdings. It is the first successful en bloc sale out of the eight sites launched this year. The sale price is much higher than the asking price of between S$80 million and S$85 million. Each apartment owner is set to receive between S$2 million and...
Spring Grove, a 325-unit condominium located on Grange Road, is tipped for collective sale if negotiations between homeowners and the US Embassy are successful. Located on the site of the former residence of the US ambassador, the 24,481 sq m site was acquired by City Developments Limited (CDL) from the US government over 20 years ago and developed into a condo project. According to The Straits Times,...
A 25-unit residential development, Bartley Grove Apartments, along with three adjoining terrace houses located along Bartley Road have been put up for en bloc sale. Marketing agent Credo Real Estate said the 65,305-square-foot site could fetch between S$73 million and S$75 million, with no development charge payable. The prices reflect land rates of about S$798 to S$820 per square foot (psf) per plot...
Ultra Mansion at Derbyshire Road will be put up for collective en-bloc sale on February 16. Spanning over 45,500 square feet, the freehold site is located in one of the prime districts in Singapore at the Novena area. Its marketing agent Cushman & Wakefield told MediaCorp that the site is expected to fetch over S$170 million, with very minimal development charges payable. It adds that based on a...
Tai Keng Court, a freehold residential and commercial redevelopment site in the Upper Paya Lebar area, has been put up for collective sale. In a statement, its sole marketing agent Jones Lang LaSalle said the indicative price for the site is around S$130 million or about S$903 per square foot per plot ratio, subject to the tender process. About S$1.325 million is payable for development charge. The plot...
Property en-bloc sales have been picking up pace over the last few weeks, and so far, there are already eight en-bloc sites offered for sale since January. Still, analysts say they are not too upbeat on the prospects of collective sales as demand for such sites remain soft. Minister for National Development Khaw Boon Wan said in his blog last month that collective sales of private properties are...
Crystal Tower, an 11-storey residential development off Bukit Timah Road, has been put up for en bloc sale again. Property consultant Colliers International is re-launching the freehold residential site located at Nos 41-45 Ewe Boon Road for sale by tender with an indicative price of S$150 million. The site measures 60,482 square feet and is zoned for residential use. Colliers said it can be turned into...
A mixed-use freehold development at Cactus Road, off Yio Chu Kang Road, has been put up for collective sale with an expected price tag of S$80 million to S$85 million. The site area is 73,098 square feet and the existing development was built in the 1980s. It has been zoned as a residential with commercial at 1st Storey and has a Gross Plot Ratio (GPR) of 1.4 with an allowable height of up to four...