Kismis Lodge, a freehold residential development located at Lorong Kismis in Upper Bukit Timah, was successfully sold to Newfort Alliance (Cairnhill) Pte Ltd for S$84.8 million. The sale price translates to S$1,198 per square foot, or a gross sale price of about S$1.3 million each unit. Brokered by property consultants Jones Lang LaSalle, this is the third en bloc sale deal completed this year. "The...
Collective Sales
A commercial building at Middle Road has been put up for collective sale by tender. The building known as Bright Chambers has an indicative price tag of between S$45 million and S$50 million. The 9-storey building has 8 units with a total strata area of 34,972 square feet. Exclusive agent for the deal Jones Lang LaSalle says the site has a land area of 5,263 square feet. The building is located next to...
Ultra Mansion, a freehold residential development near Novena MRT station in prime District 11 has been sold through a collective sale for S$149.130 million, in a deal brokered by Cushman & Wakefield (C&W). “The sale of Ultra Mansion following the recent round of cooling measures illustrates the attractiveness of Singapore’s residential real estate market for investment. Residential units in...
The outlook for the en bloc market has become bleak in the aftermath of the latest round of cooling measures, according to experts. “I think these measures caught everyone by surprise. For en bloc developers, the first couple of months will show more subdued dealing of land parcels. If developers are not confident to sell, they will not bid aggressively,” said Ian Loh, Head of Investment at Knight...
A freehold property on Whitley Road is up for a collective sale. According to its marketing agent DTZ, the development Villa Des Flores is located in the Chancery-Bukit Tunggal neighbourhood. The 9,696.3 square metre site can be redeveloped into a two-storey mixed landed housing project. The developer has the option to build detached, semi-detached and terrace housing, or a combination of all. As a...
The eye-popping S$590 million collective sale of Thomson View Condominium faces opposition from 13 of its owners who claim the block is undervalued, The Straits Times reported. As a result, the Strata Titles Board has issued a stop order that takes effect on 14 January as three rounds of mediation for the condo have been unsuccessful. The main issue is reportedly the sale price. Those objecting feel they...
Guang Ming Industrial Building, located at No 65 Upper Paya Lebar Road, has been put up for collective sale. The freehold industrial 'white site' has a land area of 19,789 square feet. Its marketing agent Cushman & Wakefield says the site is expected to fetch more than S$58 million. Among the likely interested parties for the site include small to mid-sized developers and those companies looking for...
Kismis Lodge, a freehold site located off Toh Tuck Road, is up for collective sale. This is the second time the site is being put up for sale. According to its marketing agent Jones Lang LaSalle, the 70,283 square feet site is zoned for a "3-storey mixed landed" development. The site can be redeveloped to yield up to 43 strata terraces or a combination of conventional and strata landed homes, subject to...
Two redevelopment sites at Balestier Road and Pasir Panjang Road have been launched for sale by tender, according to exclusive marketing agent Knight Frank. The first site at 520 Balestier Road is a 1,971.3 sq m (around 21,219 sq ft) freehold plot zoned commercial and residential under the 2008 Master Plan. With a gross plot ratio of 3.0, it can offer a gross floor area (GFA) of 5,913.9 sq m (63,657 sq...
Tanglin Shopping Centre is trying for an en bloc sale for the second time. It failed to find a buyer on its first attempt last year at a reserve price of S$1.25 billion. In fact, there has never been a successful en bloc sale in the Orchard Road shopping belt. Teresa Wong purchased a freehold shop spanning 330 square feet at Far East Plaza 25 years ago. For the beauty therapist, the need to control...