The en bloc bid of Dragon Mansion has gone through and has been sold for S$130 million to Spottiswoode Development, a joint venture by Lian Beng Group and Centurion Properties. The selling price translates to about S$1,093 per square foot per plot ratio (psf ppr) including a 10 per cent bonus gross floor area (GFA) for balconies, said property consulting firm Jones Lang LaSalle. Each owner of the...
Enbloc
Coronation Grove in District 10 is going back on the collective sale market with a lower indicative price. The owners now say they will consider offers over S$81 million. This is lower than the earlier indicative asking price of between S$86 million and S$90 million. Marketing agents Credo Real Estate said after the last unsuccessful tender exercise in March 2011, the owners agreed to lower their price...
Chateau Eliza, a prime freehold residential development along Mount Elizabeth off Orchard Road, has been put up for collective sale. Its marketing agent Knight Frank said the17,997 square-foot property has a price guide of S$111 million to S$115 million. It added that translates to a land price of S$2,099 per square foot per plot ratio (psf ppr) to S$2,174 psf ppr based on the proposed gross floor area...
Thomson View Condominium has been put up for sale with an indicative asking price of between S$595 million and S$635 million, said its marketing agent HSR Investment Sales. That translates to about S$694 to S$732 per square foot of potential gross floor area for the residential site located along Upper Thomson Road in District 20. This includes an upgrading premium of about S$130 million to top up the...
A prime leasehold site next to Kent Ridge Park is up for sale by tender with a reserve price of S$323 million. The site, Vista Park at 50-66 South Buona Vista Road, has a potential gross floor area (GFA) of approximately 446,947 square feet. Based on the reserve price, the land price works out to be about S$824 per square foot (psf) per plot ratio (ppr), inclusive of a lease top-up of approximately...
Green Lodge, a residential development site at Toh Tuck Road, has been launched for sale with an indicative price of around S$195 million. This works out to around S$866 psf ppr, with no development charge payable for proposed development of up to 1.49, said real estate adviser DTZ, the property’s sole marketing agent. Located at Toh Tuck Road, Green Lodge has a total land area of 151,075 sq ft and can...
Laguna Park at Marine Parade Road is up for collective sale with a reserve price of S$1.25 billion. Together with Henry Park Apartments, which is also up for collective sale at between S$170 million and S$180 million, the total value of properties that have come up for sale in October has hit close to S$5 billion. With over 10 sites now available for sale, developers appear to be spoilt for...
Singapore is suddenly awash with properties up for enbloc sale. With almost 10 estates going to market this month, analysts said this will probably be the last wave for the year. A last splurge for developers for 2011, and possibly the last before the market cools - that's what some owners of en bloc properties are hoping for. Estates such as Crystal Tower in Bukit Timah and Faber Garden in upper...
Singapore’s en bloc market is heating up, with over S$1.5 billion worth of private properties launched for sale as of yesterday. After the Dragon Mansion en bloc sale exercise on Monday (S$142m target for Dragon Mansion collective sale), three more sites followed in its path, with the Faber Garden site along Upper Thomson Road being the most expensive at $830 million. “En bloc land sites require a...
Two freehold residential sites have been relaunched for en bloc sale. One of them is St Patrick's Garden on St Patrick's Road. The property currently holds just under 100 units and sits on a 137,559 freehold land parcel. It is zoned for "residential" use with an allowable gross plot ratio of 1.4. The site can be re-developed into a five-storey residential development, which could make up over 175 units...