Property developer Roxy-Pacific said yesterday that its unit, Mequity, bought Toh Tuck Apartments in an en bloc deal for $33.9 million. The freehold site, located at Toh Tuck Road, is the first collective sale in District 21 - which comprises Upper Bukit Timah and Clementi - this year. The site has an area of 40,449 square feet, a plot ratio of 1.4 and can be built up to five storeys. A development...
Enbloc
Vibe on the ground doesn't match analyst optimism THE reports "Pasir Panjang apartment block up for en bloc sale" (Aug 24) and "Demand fires up en bloc market" (Aug 18) appear to portray the en bloc sale market in Singapore as strong and buoyant. But is this really the case? Both reports are based on opinions of real estate agents, who arguably have a vested interest in keeping property prices...
A 16-unit walk-up apartment block in Pasir Panjang has been put up for collective sale for between $26 million and $30 million in the latest addition to the en bloc revival. The freehold site, at 252 to 258 Pasir Panjang Road, is near the future Haw Par Villa MRT Station and covers 28,263 square feet. Under the Urban Redevelopment Authority's 2008 Master Plan, it is zoned for residential development with...
Freshly launched unit at The Scala in Serangoon also up for auction OWNERS of Newton View have climbed aboard the collective-sale bandwagon, putting their estate up for tender with an indicative price of $153-155 million. The freehold residential development at 26 Newton Road (between Newton and Novena MRT stations) sits on a 37,577 square foot site with a plot ratio of 2.8 and a permissible gross floor...
SELEGIE Centre, located in prime District 7, has been put up for sale by tender with an indicative price tag of $110 to $125 million. Residents and shopowners of the 25-year-old mixed development located at the Selegie Road and Mackenzie Road junction yesterday officially announced that they had attained approvals from 83 per cent of the shareholders for the en bloc sale. A previous attempt to sell the...
Three prime sites launched for sale Signs of unabated demand for private homes have fired up the collective sale market, with three sites put up for en bloc sale yesterday. One of the sites is Robin Court in Bukit Timah, which is being sold with an adjoining bungalow. The other two sites are a plot holding 13 shophouses along Owen Road and a 63-unit condominium in Katong called Amber Glades. The...
Property consultancy Credo Real Estate has launched the tender for a joint sale of the 15-unit Robin Court and an adjoining bungalow at Robin Drive, off Bukit Timah Road. The joint sellers are expecting offers in the region of S$66 million to S$74 million. That works out to around $1,046-$1,172 per square foot on potential gross floor area. Under the 2008 Master Plan, the site is zoned for residential...
Some shophouses here are hoping to cash in on the success of recent en bloc sales. A row of 13 freehold shophouses at Owen Road have been put up for collective-joint sale. All the owners have agreed to the sale and the indicative price is in the region of S$43 million or about S$930 per square foot per plot ratio.Shoph There's also a development charge of some 1.25 million dollars. The 15,388 square...
Naung Court, a freehold residential development in Hougang, is trying for an en bloc sale. The indicative price for the land is between S$28 million and S$30 million, which works out to about S$650 to S$700 per square foot per plot ratio. A development charge of some S$2.7 million will be payable. The site, located along Upper Serangoon Road, is 32,689 square feet in size. It has a gross plot ratio of...
THE collective sale market continues to gain momentum, with two freehold residential sites at Paya Lebar and Hougang up for tender. Huttons is handling the sale of Charlesville, a five-storey 18-unit development at Upper Paya Lebar Road. Sixteen of the 18 owners have agreed to the sale and the asking price is around $31 million. The site is 34,160 sq ft and has a plot ratio of 1.4. Charlesville's...