Collective Sales

The rejuvenation of Selegie Road will move further along if the owners of two buildings there succeed in their collective sale bids. Selegie Centre, a 10-storey freehold commercial building, has obtained approval from around 90 per cent of owners by share value and strata area to launch a tender with a reserve price of S$120 million. The land rate works out to S$1,942 per square foot per plot ratio...

Marketing agency Knight Frank is pleased to announce that Kemaman Point, a 89-unit residential development located off Balestier Road, has been sold collectively to Soilbuild Group Holdings Ltd for S$143.88 million. The sale price to redevelop the site to a gross plot ratio (GPR) of 2.8 based on the maximum permissible Gross Floor Area (GFA) of approximately 122,711 sq ft, translates to a land price of...

Gloria Mansion at Pasir Panjang Road is up for en bloc sale at S$79 million, the latest to hop on the collective sale train here. The 12-storey, 31-unit hilltop apartment building is five minutes away from Haw Par Villa MRT Station and close to West Coast Highway and the Ayer Rajah Expressway. The reserve price of S$79 million translates to S$1,234 per square foot per plot ratio (psf ppr) based on its...

Park House has fetched a record collective sale price of S$2,910 per sq ft per plot ratio, marketing agent CBRE said on Wednesday. The freehold District 10 development at 21 Orchard Boulevard sold for S$375.5 million, translating to S$2,910 psf ppr on the maximum allowable gross floor area of 129,035 sq ft, excluding the 10 per cent bonus for balconies. This new benchmark price beats the previous...

LAKESIDE Apartments is now on the market with a reserve price of S$240 million — the latest to wade into the wave of collective sales here. More than 80 per cent of owners at the 134,176 sq ft site in the Jurong Lake District area have agreed to sell and the collective sale tender was launched on Tuesday. This means each of the owners at the 120-unit development could stand to get S$2 million each....

Knight Frank Singapore has announce today the launch of the sale of Elizabeth Towers by tender. The site is a prime, freehold high-rise residential redevelopment site off Orchard Road. Elizabeth Towers is a private residential estate comprising two residential blocks of 80 apartments and maisonette units ranging from 185 sq m to 417 sq m, and has a site area of 5,046.3 sq m (approx. 54,318 sq ft). The...

Katong Plaza will be launched for collective sale on June 7, 2018 with a S$188 million expected price, sole marketing agent Huttons Asia announced on Tuesday. The expected price translates to S$1,969 per square foot per plot ratio (psf ppr) for the mixed commercial and residential development, after factoring in the payable development charge. The freehold site has a land area of 34,044 square feet...

Riding on the wave of en bloc fever, four post-independence landmarks in Singapore, known for their gritty appearances, might disappear from the Republic's landscape. The fate of People's Park Complex and People's Park Centre in Chinatown, as well as Golden Mile Complex and Golden Mile Tower at Beach Road, hangs in the balance. These structures are mostly half-way into their 99-year leases. A...

Brookvale Park, a 160-unit development at Sunset Way, has been sold to Hoi Hup Sunway, a joint venture between Hoi Hup Realty and Sunway Developments for S$530 million. This marks the fourth collective sale sealed under private treaty this week, after their public tenders had earlier closed without a sale being concluded. The latest deal also represents the largest investment by Hoi Hup and Sunway...

The tender for the collective sale of the freehold The Wilshire along Farrer Road has been launched. Savills Singapore, the marketing agent for the District 10 property's collective sale, said that the indicative guide price is S$98.07 million, which works out to S$1,525 per square foot per plot ratio (psf ppr) based on the existing gross floor area (GFA) of 64,310 sq ft. The Wilshire, which is on a...