Real estate advisory firm Knight Frank has launched Riviera Point, a freehold site located along River Valley Road, for sale by tender. It said the guide price for the property is S$70 million. The site is located near the Orchard shopping belt, and has a land area of 14,580 square feet. Knight Frank said the site may be redeveloped into a new project that could yield a gross floor area (GFA) of 49,303...
Enbloc
The sale of Tanglin Shopping Centre will drag on for at least another month. Millennium and Copthorne Hotels (M&C Hotels) said in a statement released yesterday that the collective sale agreement for the potential sale of Tanglin Shopping Centre - with a price tag of about S$1.25 billion - has been extended by one month until Sept 26. The collective sale of Tanglin Shopping Centre was revealed in...
Midlink Plaza, a nine-storey commercial building at the junction of Queen Street and Middle Road, has been launched for tender with an indicative price of between S$120 million and S$130 million. With the building’s existing strata area of 92,861 sq ft, the price tag translates to around S$1,292 psf to S$1,399 psf. However, after factoring in S$16.8 million to S$18.3 million for the top-up of the lease...
Grand Tower located near Novena MRT station sold en bloc for S$88.5 million. This reflects a land rate of S$1,376 per square foot per plot ratio based on a plot ratio of 2.958. Marketing agent for the site Savills said the buyer is 27MR Pte Ltd, a wholly owned subsidiary of boutique developer New Century Real Estate. New Century Real Estate is also the developer for 8Rodyk condominium. Grand Tower is a...
Ming Arcade, a prime freehold commercial development located off Orchard Road, is up for collective sale by tender. The redevelopment site on 21 Cuscaden Road is zoned 'commercial' with a gross plot ratio of around 4.2 and an allowable building height of 20 storeys. With an approved gross floor area of 55,046 square feet, no development charge is payable for the site. According to sole marketing agent...
A commercial redevelopment site which Peace Centre and Peace Mansion sit on is up for en bloc sale. Marketing manager Savills Singapore said the site at 1 Sophia Road is over 7,100 square metres and has a guide price of S$675 million. This works out to S$1,306 per square foot per plot ratio, and includes an estimated upgrading premium of S$145 million to top up the existing lease to a 99-year...
The tender for the collective sale of Laguna Park has closed with no confirmation of a buyer. Its marketing agent Knight Frank declined to elaborate if any bids were received in the tender, or if the bids matched its reserve price. But Mr Nicholas Wong, executive director of Investment at Knight Frank said that it is, "in the process of negotiating with an interested party". The marketing agent has...
Crystal Tower, located at Ewe Boon Road, has been put up for collective sale by tender at an indicative price of S$155 million. It is a 28 unit, 11-storey residential development. The 60,482 square foot residential freehold site has a gross plot ratio of 1.6. Its elevated site enjoys an unobstructed view of the Bukit Timah residential district. Its marketing agent Colliers International said the...
Daisy Apartments, a residential redevelopment site near Serangoon Gardens, is up for en bloc at an expected price of above S$14.5 million. Property consultants Credo Real Estate said the freehold site is located at Daisy Road and has a land area of more than 13,000 square feet. The land is zoned for Residential use at a plot ratio of 1.4 and an allowable height of up to five storeys. All the owners of...
Grand Tower, a boutique freehold residential site located in the Novena area has been launched for sale by tender. The redevelopment site is located at the junction of Sinaran Drive and Moulmein Rise. The 33-year old tower block consists of 28 apartments that occupies an area of almost 22 thousand square foot (sq ft) in total. Its marketing agent Savills Singapore said that the site can potentially be...