The Regalia, a freehold condo at 2 River Valley Close, has been put up for public tender. The property has 112 apartments and four penthouses, sits on a site of 63,371 sq ft and commands "prominent corner dual road frontages" of about 150m along River Valley Close and River Valley Road, according to CBRE, the sole marketing agent for the collective sale. The owners have indicated a guide price of...
Owners of St Thomas Ville located at 38 St Thomas Walk, are eyeing bids in excess of S$58 million in a collective sale bid. Over 80 per cent of the owners have consented to the sale, said sole marketing agent JLL in a media release on Monday. The freehold 12-storey site just off River Valley Road comprises 23 apartments built on a regular shaped plot. The 11,407-square foot (sq ft) site is zoned...
The enbloc sale of Brookvale Park located at Sunset Way received a major jolt as the Strata Titles Board issued a ‘Stop Order’ on Wednesday after seven owners objected to the sale. STB had tried to mediate between the two parties on 12th June and 24th July but it failed to yield any positive results. Considering the impasse, the matter is most likely headed for the High Court. The 160-unit...
The Windy Heights condominium in Kembangan (Jalan Daud) is having another stab at a collective sale, with owners ready to cut the reserve price to attract buyers in a cooling market. The move comes hot on the heels of a failed bid for the freehold District 14 development that ended in April and tough new property cooling measures that kicked in on July 6 which include a 10-percentage point hike in the...
Fragrant Gardens off Upper Paya Lebar Road is up for a collective sale with a S$65 million reserve price. This translates to a land rate of approximately S$1,204 per square foor per plot ratio (psf ppr), said marketing agent Knight Frank. With no development charge payable, and with the inclusion of a 10 per cent bonus balcony gross floor area, the land rate works out to approximately S$1,094 psf ppr,...
Tee Land has decided not to exercise its option to purchase Teck Guan Ville in what was originally a S$60 million collective sale due to the latest round of cooling measures. Tee Land will forfeit its 1 per cent deposit. The company cited the "impact on market sentiment and purchasers' interest" following the government's announcement on July 5. Tee Land "has decided to adopt a more prudent and...
In light of property cooling measures, Katong Plaza and Fortune Park are the latest collective sale hopefuls to extend their tender closing dates to Sept 11 and Sept 14 respectively. Huttons Asia, the property consultant for both freehold projects, announced the extensions on Thursday. Huttons Asia said that the decision was made in consultation with each collective sale committee. Said Huttons Asia...
With no collective sale deals being awarded since the latest cooling measures took effect on July 6, some developments that have already launched their tenders are extending their deadlines. Horizon Towers that launched on July 5 at a reserve price of S$1.1 billion, will now close on Sept 12 instead of Aug 7 previously announced. Marketing agent JLL said in a statement on Tuesday: "The decision was...
Horizon Towers has extended the closing date for its collective sale tender by more than a month. This following cooling measures that took effect the day after the site had launched for sale on July 5 with a S$1.1 billion reserve price. "The decision was made following feedback from developers that they remain interested in the prime site, but would now require more time to observe and re-assess the...
Freehold residential redevelopment site Sutton Place has been put up for sale by tender with a reserve price of S$268 million, Knight Frank Singapore announced on Monday. A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm (approximately 93,185 sq ft). The site is regular in shape and is elevated away from traffic, overlooking surrounding developments....
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