Collective Sales

The Spanish Village condominium in Farrer Road has been put up for collective sale for the second time in recent months, with no change to its $882 million guide price. The 226-unit freehold property in affluent District 10 made its first attempt to sell en bloc in June but had no takers. Mr Tan Chun Ming, senior director of investment advisory at market agent Edmund Tie & Company, said the site has...

Singapore residential-property investment sales have fallen after the latest round of housing curbs put the brakes on en bloc redevelopment deals. Just two redevelopment sales worth S$353 million were completed in the third quarter, down from S$3.8 billion of transactions the previous quarter, according to data compiled by Cushman & Wakefield. That pushed total real estate investment sales down 42...

The marketing agent for Tulip Garden, Colliers International, has quashed speculation that the S$906 million collective sale of the Farrer Road project has hit a speed bump. Colliers managing director Tang Wei Leng said: "There is no basis to the market speculation. The Tulip Garden collective sale is proceeding and we are working towards the completion of sale." There was market talk on the sale...

The $362 million en bloc sale of Cairnhill Mansions will proceed due to a settlement that gives the penthouse owner who objected to the sale an extra $867,004.79. This sum is to be borne equally by owners of the other units in the development, the High Court ordered on Thursday afternoon. Mediation between Djie Tjoe Nio, the objector, and the collective sale committee began on Tuesday this week and...

The collective sale of Katong Park Towers has been given the go ahead by the High Court, following some owners' objection to the sale over factors like the method of apportionment. According to Business Times, the order of sale was made for Katong Park Towers following a High Court hearing on Tuesday. A unit of Bukit Sembawang Estates bought the estate for S$345 million in March following a...

Marketing agent CBRE will relaunch the public tender of Faber Garden, located at 2,4,6,8,10 Angklong Lane, off Upper Thomson Road, on 3 October 2018. The sprawling site, situated next to Singapore’s Central Nature Reserve, enjoys tranquil exclusivity yet is conveniently connected to the city centre via the MRT network, major roads and expressways. The upcoming Bright Hill MRT Station (TE7), slated to...

12-unit Le Arc Apartment on Lorong 26 Geylang, off Geylang Road in district 14, has launched for a collective sale attempt, announced marketing agent ERA Realty Network. The owners are expecting $20 million to $22 million for the freehold property. The price translates to about $915.59 psf per plot ratio (ppr), or $832.35 psf ppr when taking into account the 10% bonus balcony area and relevant...

Roxy-Pacific Holdings said on Wednesday that it has been granted an order for sale from the High Court for its announced acquisition of freehold residential property in District 10 known as Wilshire. The firm partnered Tong Eng Group's managing director Teo Tong Lim to acquire the residential site at Farrer Road for S$98.8 million, it announced in January. The 39,130 sq ft site was collectively sold...

Yuen Sing Mansion at Nos 6A – 10c Geyland Lorong 13, has been launched for sale by tender by marketing agent JLL. The freehold four-storey development comprises nine apartments built on a regular shaped plot. All the owners have consented to the collective sale and no Strata Titles Board approval would be required. The owners are expecting bids in excess of S$17 million, which reflects about S$779...

Two freehold condominium developments near the prime Orchard Road district will make another bid at an en bloc sale, Colliers International said on Monday (Sep 17). Grange Heights in St Thomas Walk will be launched for sale at S$820 million, while Cairnhill Astoria will be put on the market for S$196 million. This is the second attempt at a collective sale by Grange Heights owners. Depending on the...