Marine Point, a freehold 18-storey residential block along Marine Parade Road, is up for collective sale. Covering an area of more than 50,000 square feet, the site can be re-developed into a 25 storey block to accommodate about 100 apartments averaging 1,000 square feet each. ERA, which is handling the collective sale, said more than 80 per cent of the owners by share value and strata floor area have...
Enbloc
Glenville, a 32-unit apartment block in Serangoon, has been sold to Urban Lofts for S$39.51 million in a collective sale. Marketing agent Jones Lang LaSalle said the price works out to be about S$740 per square foot per plot ratio including a Development Charge of S$5.3 million, if payable. Each of the apartment owners stand to receive gross sale proceeds ranging from S$1.179 to S$1.273 million. The...
Sixty-seven strata units in Upper Serangoon Shopping Centre, a freehold mixed development, have been put up for sale by tender. Jones Lang LaSalle, the exclusive marketing agent, said the development consists of a total of 173 units comprising of shops, offices and residential units. The 67 strata retail units with a total area of about 4,392 square metres are up for sale. These units make up a 59 per...
A prime Pasir Panjang site has been sold for S$33 million in a collective sale exercise to boutique developer Link (THM) Greenleaf. The 16-unit walk-up development located at 252 to 258 Pasir Panjang Road, attracted ten bids. The block of flats built in the 1960s, was put up for sale by tender with an indicative price range of S$26 million to S$30 million. "The tender closed with several parties...
Guillemard Court, located along Geylang, Lorong 28, is up for an en-bloc sale. The freehold estate has a land area of 31,684 square feet. It has a plot ratio of 2.8 and can be built up to eight storeys. The existing development is a four-storey walk-up apartment with 32 units The indicative price of the land is S$33 million, which works out to S$360 per square foot per plat ratio. Deans Realtors, the...
Naung Court, a 20-unit development at Jalan Naung in the Hougang area, has been sold to developer Orion-Two Residential for S$28 million. The 32,689 sq ft site is zoned for 'Residential' use with a gross plot ratio of up to 1.4 and can be built up to five storeys. This works out to about S$662 per square foot per plot ratio if a development charge is payable. To date, only one unit out of the 20 units...
FAR East Organization and Orchard Parade Holdings will buy Pastoral View (through an enbloc sale) and the next door plot being sold by OCBC for $122 million. This works out to about $847 per square foot per plot ratio (psf ppr) inclusive of a marginal development charge (DC). Both freehold sites have a combined land area of 51,395 sq ft and can be redeveloped into a new condo with about 140 units...
Another apartment is angling for an en bloc sale. Owners of Glenville off Upper Serangoon Road are asking between S$38 and S$40 million for the property. That works out to about S$715 to S$745 per square foot per plot ratio for owners of the 32-unit, freehold residential development located at Lim Tua Tow Road The site spans 43,335 square feet with a gross plot ratio of 1.4. It can be built up to five...
Maison Royale, a freehold site in the Newton area, is the latest development put up for en bloc sale. This is despite the recent cooling measures announced by the government earlier this week and the release of more government land for private residential housing. The development located at No.1 Surrey Road is going for at least S$48 million. This translates to about S$1,220 per square foot per plot...
Melrose Court in Balestier has been sold for S$44 million in a collective sale. The 32-unit residential development at No.10, Lorong Limau was sold to local boutique developer Melrose Land. The property's broker, Colliers International, says that Melrose Court is not linked to Melrose Land and notes that the sale is subject to the approval of the Strata Titles Board. The freehold residential site has an...