Jalan Besar Plaza will be put up for sale again after a bid to sell the building last November failed, real estate group Huttons said on Monday (Jun 6). The 36-year-old building will be launched for public tender on Tuesday at a minimum price of S$380 million, or S$2,115 per square foot per plot ratio. The sale in November had priced the building at S$390 million but did not receive any bids. The...
Collective Sales
Owners at Harbour View Gardens in Pasir Panjang are hoping to make it second time lucky, after launching the project for collective sale at about $34 million yesterday. About three years ago, the proposed sale of the site to Roxy-Pacific Holdings for $33 million was blocked by the High Court, and the decision was upheld by the Court of Appeal. The basis for the rejection was that the public tender...
In an unprecedented move, the Council for Estate Agencies (CEA) has fined a property agency and barred it from undertaking any enbloc sale work for one year starting April 20, after it was found to have breached its duty as adviser and brought about a conflict of interest by offering incentive payments to several homeowners of Thomson View Condominium in exchange for their backing the development’s...
Shunfu Ville has been sold for S$638 million to developer Qingjian Realty. It is one of the largest collective sale deals since Farrer Court in 2007. The deal was struck after 80 per cent of the owners agreed to accept the offer, despite it being lower than the reserve price of at least S$688 million. With the sale, owners of the 358-unit development will receive an average of S$1.78 million for...
Shunfu Ville has been put up for en bloc sale again. Marketing agent JLL said the owners want at least S$688 million, which translates to S$791 per square foot per plot ratio. Located in the Bishan/Thomson area, Shunfu Ville is made up of three 16-storey apartment blocks and three low-rise blocks of masionettes. The 358-unit residential development occupies a land area of around 410,000 square...
Jalan Besar Plaza has been put up for collective sale for an estimated sale price of S$390,000,000, real estate group Huttons announced on Monday (Nov 23). In a press release issued on Monday, Huttons said that the estimated sale price comes up to S$2,451 per square foot for the 35-year-old commercial and residential building. The 53,043 sq ft building is zoned under Commercial and Residential with a...
The Normanton Park condominium is set to be put up for en bloc sale next Thursday (Oct 22) after more than 80 per cent of the owners agreed to a sale. Channel NewsAsia understands that the reserve price is in the region of S$840 million. Located near Kent Ridge Park, the estate is on a site of about 62,000 square metres with a balance lease term of about 61 years. Formerly designed for Singapore...
Shunfu Ville, a 358-unit residential sale in the Bishan-Thomson area, has been launched for collective sale by tender, marketing agent JLL announced on Wednesday (Sep 2). The Shunfu Road estate comprises three 16-storey apartment blocks and three low-rise blocks of 6-storey maisonettes. It was built in the late 1980s by the former Housing and Urban Development Company (HUDC) and was privatised in...
Fairhaven, a 15-unit residential development along Sophia Road, has been launched for sale by public tender. This is the first time that the freehold property has been put up for collective sale, and more than 80 per cent of the owners, by share value and strata floor area, have consented to the move. The property has a land area of approximately 16,660 square feet, and the future developer can build...
The wheels have been set in motion for the first multi-strata private development in the Republic to be gazetted as a conserved building. On Sunday (May 31), 116 owners of Pearl Bank Apartments turned up for a general meeting to discuss the matter after its management committee said authorities would only agree to the conservation status request if a 100 per cent consent among owners was...