Midlink Plaza in Middle Road has been sold for S$126.8 million to 122 Middle Investment, marketing agent Credo Real Estate said yesterday. Shareholders of 122 Middle Investment include Millennium Land, an associate company of Singapore-listed Lian Beng Group, which plans to redevelop the site into a hotel, Credo added. 122 Middle Investment has made an outline planning permission application to the Urban...
Enbloc
Pacific Mansion, a 128,353.16 sq ft residential site at River Valley Close, has been put up for en bloc sale with an indicative price of S$990 million (around S$2,008 psf ppr). The freehold site comprises 288 residential units and two commercial units. It has a gross floor area (GFA) of 45,821.88 sq m with a gross plot ratio of 3.8 and can be redeveloped into a 30- to 36-storey condominium. If the...
Singapore-based company Popular Holdings, through Popular Land Investment, has secured an en bloc sales deal to acquire Permai Court, a freehold residential site at Kampong Bahru, for approximately S$20.25 million. This works out to about S$982 psf ppr, taking into consideration an estimated S$2.5 million development charge (DC) and premiums for the adjoining site. Permai Court, which is the first...
Jones Lang LaSalle (JLL) has launched the collective sale of Parkway View, a prime residential development site along Marine Parade Road, at an indicative price of S$81 million. This works out to around S$1,360 psf ppr, with no development charge (DC) payable. Enjoying prominent frontage along Marine Parade Road, Parkway View comprises 26 residential units in a 15-storey tower, with sizes ranging from...
A three-storey walk up residential development at Ceylon Road is being put up for collective sale. The indicative price for the site is in the range of S$25.75 million to S$27.39 million or about S$800 to S$850 per square foot per plot ratio. Ceylon Flats is a freehold property located off East Coast Road, comprising a total of 21 apartment units. The 23,168 sq ft site is marketed by property...
A small freehold development at Robin Road, off Bukit Timah Road, has been put up for sale with an expected selling price of S$58 million. The property at numbers 2 to 8 Robin Road comprises 16 residential units and has a land area of approximately 23,084 square feet. Under the 2008 Master Plan, the site is zoned for residential development at Gross Plot Ratio (GPR) of 1.4 with an allowable building...
Park West, a prime residential site at Jalan Lempeng, is up for en bloc at an indicative price of S$803 million. Marketing agent ERA Realty Network said the estimated differential premium and topping-up of the lease is S$230 million. The site has a 99-year lease and a total site area of over 633,600 square feet. This represents a gross floor area of about 1.33 million square feet and the site is zoned...
Daisy Apartments, a residential redevelopment site near Serangoon Gardens, was successfully sold via en bloc for S$14.618 million to SingBuilders. This translates to a land rate of about S$738 per square foot per plot ratio, including an estimated development charge for the 10 per cent bonus gross floor area for balconies. With the successful sale, each owner stands to receive gross sales proceeds of up...
Dynasty Garden, a freehold redevelopment site in District 10, along with its adjoining plot, have been launched for sale through a public tender. Located along Sixth Avenue, Dynasty Garden currently comprises 33 walk-up apartments with unit sizes of between 97 sq m and 242 sq m. Knight Frank, the property’s sole marketing agent, said it has a price tag of S$105 million (around S$1,432 psf), based on a...
Hoi Hup Realty has won the tender to buy Whitley Heights for S$159 million in a collective sale. The selling price for the 45-unit condominium development is lower than the initial reserve price of between S$185 million and S$210 million in January, and the revised reserve price of S$165 million in June. Credo Real Estate, which is marketing the 130,165-sq-ft property, said it "could be the third-largest...