Cavenagh Gardens Enbloc

Cavenagh Gardens tries again for en bloc sale; keeps S$480m reserve price

Cavenagh Gardens is the latest development in Singapore hoping for another chance at an en bloc sale in 2019, and owners are not budging from their first attempt's reserve price of S$480 million. That translates to a land rate of S$1,695 per square foot per plot ratio (psf ppr) inclusive of an estimated state land premium of S$18.4 million to purchase some 11,800 sq ft of state land, or S$1,541 psf ppr...

Cavenagh Gardens up for en bloc sale

Cavenagh Gardens, a freehold apartment block in District 9, has been put up for en bloc sale with an indicative price of between S$460 million and S$480 million. This works out to between S$1,708 psf ppr and S$1,782 psf ppr excluding balcony allowance, or around S$1,553 psf ppr to S$1,620 psf ppr including balcony allowance. The PropNex Investment Sales Department, which is marketing the property, said...

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