THE market may have cooled, but en bloc fever is even higher than before at Laguna Park, as approval from owners at the 30-year-old condominium crossed the 80-per-cent threshold on Friday, allowing the en bloc sales process to proceed to the marketing stage. Now the residents are optimistic the prime location of the 528-unit property will help them get their asking price of $1.2 billion, despite the...

While the en bloc market may have slowed, the residents of Laguna Park are optimistic their prime location will help them get their asking price of S$1.2 billion. The en bloc sale of the 30-year-old condominium crossed the 80 per cent threshold on Friday allowing the process to proceed to the marketing stage. This is despite the property market softening from the economic slowdown. With schools like...

Mah: HDB upgrading a priority as deferred projects reinstated SOME of the Government's $4.7 billion worth of deferred construction projects are to be brought forward again, in a move expected to help smaller local building contractors. And priority will be given to smaller projects, National Development Minister Mah Bow Tan said. "We are also looking to see whether the different ministries are able to...

The fallout from the US sub-prime crisis has filtered down to the property market in Singapore. Property consultancy CB Richard Ellis (CBRE) says total investment sales in Singapore properties fell 70 per cent from 2007, to S$17.83 billion this year. CBRE says one year on, the crisis in the US has made investors of Singapore properties more cautious. But the sharp slowdown in transaction volumes was...

Two public housing upgrading programmes will be brought forward with other government projects in efforts to increase spending and stimulate the Singapore economy. Singapore previously deferred S$4.7 billion worth of public sector projects due to high construction costs. The Ministry of National Development said now is a good time to do so with material costs looking to fall further. Residents in older...

FOR 25 years, it has been Singapore’s main wholesale distribution centre for vegetables, fruits and dried food products. In recent years, it also made the headlines as a chikungunya fever cluster, the crime scene of the murder of Huang Na in 2004 and a quarantine area during the Sars outbreak in 2003. Now, the days of the Pasir Panjang Wholesale Centre (PPWC) may be numbered. The Housing and...

LAGUNA Park condominium along Marine Parade Road could be up for collective sale, with about 77 per cent of tenants so far agreeing to it, Channel NewsAsia reported. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger point which will move the en bloc process forward. Channel NewsAsia understands that the asking price is about $1.2 billion. Each owner...

Process marked byacrimony and vandalism may finally have a happy ending for owners THE owners of homes at Laguna Park condominium at Marine Parade are inching closer to a collective sale, after securing approval from owners representing 76 per cent of the share values at the property. The owners have been working on a collective sale since last year, and the process has been marked by acrimony and...

Laguna Park condominium along Marine Parade Road could be up for collective sale. It's not yet a done deal but about 77 per cent of tenants there have agreed to it. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger which will move the en bloc process forward. Laguna Park has already engaged an agent to market the 99-year leasehold property, which...

Mainboard-listed United Engineers has sold more than 70 per cent of its first public housing project, Park Central @ AMK, which is being developed by its subsidiary Greatearth Developments. All four-bedroom and penthouse units are sold out. The developer received more than 2,300 applications or four times the number of units available for sale when submissions closed in August. The 578-unit estate is...