Some S$1.7 billion in collective sales have been transacted so far this year. According to property consultant Credo Real Estate, the figure is almost the same as the collective sales transacted last year. One of the latest transactions is a 40-unit walk-up apartment development on River Valley Road, which fetched S$70.5 million. Credo said successful deals over the past 18 months have been relatively...
Enbloc
A 40-unit walk-up apartment at 402-414 River Valley Road has been successfully sold en bloc for S$70.5 million to Alliance Land. This translates to a land rate of about S$1,139 per square foot per plot ratio, with a gross plot ratio of 2.8 for the 22,000-square foot site. If the 10 per cent gross floor area for balconies is included, it will work out to S$1,035 per square foot per plot ratio, at a gross...
Balmoral Condominium on Balmoral Road has been sold for S$141 million in a collective sale. The sale price represents a unit land rate of S$1,546 per square foot per plot ratio, the highest in four years. Suzie Mok, director of investment sales at Savills Singapore, which brokered the deal, said: "The property has excellent potential, given its exclusivity and choice location in the prime District 10...
Tulip Garden has re-launched its collective sale, after its last unsuccessful tender exercise that closed in January this year. Credo Real Estate, which is handling the sale, said the owners of the 164-unit development are asking a minimum S$600 million, down from the previous price of S$650 million. Credo said the majority of the owners present at an extraordinary general meeting last month voted in...
A unit of Singapore-listed Top Global Limited has acquired the 45-unit Braddell Park apartment at Jalan Lateh for S$85 million (around S$665 psf ppr). Located off Braddell Road and Upper Serangoon Road, the apartment complex sits on a 91,360 sq ft freehold land site and is zoned for residential use under the 2008 Master Plan. It has a plot ratio of 1.4 and an allowable height of up to five storeys. Credo...
Brookvale Park, a four-storey condominium nestled in the Sunset Way estate, has been put up for sale by public tender. Marketing agent CB Richard Ellis (CBRE) said the 999-year residential site has a land area of 373,000 square feet and a permissible building height of up to 12 storeys. It is located close to amenities and is a short drive to education institutions like Ngee Ann Polytechnic and the...
Whitley Heights, a District 11 condominium development located off Whitley Road has been re-launched for tender with a lower reserve price. This follows the unsuccessful tender exercise called for in January this year. Credo Real Estate managing director, Mr Karamjit Singh, who is handling the sale, said the offers received for the site were below the owners' initial Reserve Price. This prompted the...
A 4-storey walk up residential development at Holland Hill is up for collective sale. Olina Lodge is a freehold property, comprising of 67 apartment units. The over 84,000 square feet site is a short walking distance from Holland Village and enjoys good accessibility from major roads and the Pan-Island Expressway. Property consultants DTZ said the site can be redeveloped into a 12-storey residential...
Kellock Lodge on River Valley Road is up for a collective sale, with an asking price of more than S$84 million or S$1,383 per square foot per plot ratio, said its sole marketing agent CKS Property Consultants. The redevelopment site has a land area of 21,784 square feet and it will yield a maximum gross floor area of 60,995 square feet. This is based on a plot ratio of 2.8 for the redevelopment of the...
Prime residential freehold property Dragon Mansion at 14 Spottiswoode Park has been put up for collective sale tender by its sole marketing agent Jones Lang LaSalle. Another Dragon Mansion site, located at 18 Spottiswoode Park, was sold to Roxy Pacific subsidiary Roxy Land in December 2009 for S$100.8 million. It has since been redeveloped into the new Spottiswoode 18. The land site for sale has a...