Collective Sales

Maxwell House up for collective sale with S$295m reserve price

Commercial building Maxwell House has been launched for collective sale via a public tender, the appointed property consultant Cushman & Wakefield announced on Monday. Owners holding not less than 80 per cent by strata area and share value have agreed to put the property on the market at a reserve price of S$295 million. Located at 20 Maxwell Road, the 13-storey property is built on a trapezoidal...

Covid-19 brings already slowing en bloc market to a halt

There has been no successful collective sale of residential sites in Singapore since the Covid-19 pandemic started, bringing the en bloc market, which has been slowing down since the July 2018 cooling measures, to a halt. Checks with property analysts showed that there have been six launches and only one deal closed in early January before the coronavirus outbreak hit Singapore’s shores. In...

Tivoli Lodge condo in Geylang up for collective sale with S$17.3m guide price

Freehold residential development Tivoli Lodge has entered private treaty on Friday - after having been launched for collective sale by tender in March this year - sole marketing agent ERA Realty Network told The Business Times. The guide price remains the same at S$17.3 million, which translates to a land rate of about S$795 per square foot per plot ratio. There will not be any additional development...

Adjoining condos at Sophia Road to be up for collective sale with S$64m indicative price

Adjoining condominiums Fairhaven and Sophia Ville at Sophia Road will be launched for collective sale by tender on Aug 3 with a combined indicative price of S$64 million. The majority owners of both developments agreed to band together so that the sites may be offered to a developer who can redevelop them into a larger residential project, sole marketing agent JLL said on Thursday. Over 80 per cent...

Geylang’s Wing Fong Mansions, Court en bloc tenders to open on June 23

Marketing agent PropNex Realty informed that the adjacent condominiums Wing Fong Mansions and Wing Fong Court will be put up for tender on Tuesday, with an indicative land pricing of S$1,280 per square foot per plot ratio (psf ppr) for the combined sites. The two freehold homes in Geylang were put up for collective sale by PropNex in January of this year, with the tenders originally scheduled to finish...

High Street Centre up for en bloc with S$800m reserve price

Mixed-use tower High Street Centre at 1 North Bridge Road will be available from Tuesday for collective sale via public tender at a reserve price of S$800 million, with approval received for commercial and hotel use. Owners holding not less than 80 per cent of strata area and share value of the commercial and residential property have agreed to put it on the market with that price tag, the appointed...

101 Beach Road up for en bloc sale with S$90m reserve price

A mixed-use development at 101 Beach Road will be up for collective sale at a reserve price of S$90 million, real estate services firm Cushman & Wakefield said in a press statement on Tuesday. The property will be officially launched for sale by tender on Wednesday. 101 Beach Road sits on a corner land plot of 698.9 square metres (7,523 square feet) at the junction of Beach Road and Liang Seah...

GSM Building at Middle Road launched for en bloc sale

GSM Building at 141 Middle Road has been launched for sale by tender, after the minimum consent level required for the site to be launched for an en bloc sale was achieved, according to marketing agent Mount Everest Properties. The upgrading premium is about S$18.6 million, on top of the asking price in the region of S$98 million, Mount Everest Properties said. The building has a land area of about...

Singapore Shopping Centre back on en bloc market with S$255m price tag

Singapore Shopping Centre is back on the collective-sale market, half a year after its previous attempt in July 2019, with an unchanged reserve price of S$255 million. This time, though, the seven-storey retail and office building in Clemenceau Avenue has been given provisional approval to re-zone for hotel use, its marketing agent said on Wednesday. The site, which occupies a 2,449.8 square metre...

Wing Fong Mansions up for collective sale with S$176m reserve price

FREEHOLD condominium Wing Fong Mansions in Geylang has been launched for collective sale with a reserve price of S$176 million, marketing agent PropNex Realty told The Business Times (BT) on Wednesday. It is up for tender along with an adjacent condo, Wing Fong Court, which was also put on the market two weeks ago at a reserve price of S$108 million. At least 80 per cent of the owners at Wing Fong...

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