Pine Grove and Laguna Park (picture) are currently the two most expensive en bloc properties up for sale, costing about S$1.7 billion and S$1.33 billion respectively. But analysts said Laguna Park's sea view frontage along Marine Parade Road and its rectangle-shaped land plot put it in a more advantageous position over Pine Grove in terms of attracting potential developers to bid for the sites. They...
Enbloc
Laguna Park, a residential redevelopment site in District 15, is up for en bloc sale at an expected price of S$1.33 billion. This is the second time the 33-year-old development has been put up for sale, with a previous attempt in October 2009. Sole marketing agent Knight Frank said the prime leasehold site is located along Marine Parade Road and has a land area of nearly 63,000 square metres. The land...
Laguna Park residents will be pocketing about S$2.2 million each from the successful sale of the property, which will be put up for tender on May 24. With a plot ratio of 2.8, Laguna Park's price works out to S$975 per square foot per plot ratio. The 528 unit, 677,493 square feet property is attempting a second collective sale attempt with Knight Frank as its sole marketing agent. Knight Frank said the...
Elizabeth Tower, located in the heart of Orchard Road's shopping belt, is up for en bloc sale at an asking price of S$630 million. Marketing agent Credo Real Estate said the freehold development would be a perfect fit for a luxury homes branded developer. The development has a land area of above 54,000 square feet, with 80 units ranging from just under 2,000 square feet to above 3,100 square feet. As...
Aspial Corporation has submitted an offer through its subsidiary World Class Land to purchase Chong Kim Apartment at 8 Bassein Road for S$41.1 million. The apartment was offered for sale by tender on May 12. Aspial says the offer has been accepted. The freehold Chong Kim Apartment has a land area of 1,426.9 square metres and is zoned for residential use. It has a plot ratio of 2.8 and can be developed...
The 16-unit Haig Mansions, which was put up for collective sale, has been sold to Vicland Realty Co Pte Ltd for S$21.5 million, says Credo Real Estate, which brokered the deal. The sale price translates to a land rate of approximately S$720 per square foot per plot ratio (psf ppr) at a gross plot ratio (GPR) of 1.54, including the 10 per cent gross floor area (GFA) for balconies. Each owner is set to...
The en bloc sale market has been feverishly picking up activity this year. Apart from more en bloc properties being offered for sale, analysts say that the average prices for the sites have also increased by more than 50 per cent compared to a year ago. However, the offer prices have yet to surpass the levels seen by the market at the peak of the property boom in 2007. Since the start of this year, some...
One of Singapore's first generation apartment developments from the post-colonial era has been put up for collective sale. The 40-unit development on 402 River Valley Road in district 10 was built in the early 1960s and has a land area of over 22,000 square feet. It is effectively a freehold site as it has a unique tenure of close to a million years. More than 80 per cent of the owners have signed a...
Nearly three weeks after the close of what was marketed as Singapore's largest en bloc tender, Pine Grove's marketing agent Jones Lang LaSalle has kept quiet about the outcome. But MediaCorp understands the development off Ulu Pandan, which has an independent valuation of S$1.25 billion, has received at least one private offer. Ms Christina Sim, director of Investment at Cushman & Wakefield, said: "A...
La Meyer at 66 Meyer Road has been for offered for en-bloc sale by tender, property consultants Cushman & Wakefield, handling the sale, said in a statement. The freehold site in the exclusive Meyer Road vicinity has a land area of 50,560 square feet and is expected to fetch a price above S$98 million. The statement said developers can build up to a gross floor area of about 78,000 square feet, based...