Boutique property developer Oxley Holdings has acquired McDonald's Place for S$150 million. In a statement released on Tuesday, Oxley said its subsidiary Oxley Sanctuary had purchased all seven strata commercial units in the freehold development located at King Albert Park from Valewood Investments Pte Ltd. The freehold two-storey commercial building is sited on a land area of 5,535 square metres that is...
Collective Sales
Cavenagh Gardens, a freehold apartment block in District 9, has been put up for en bloc sale with an indicative price of between S$460 million and S$480 million. This works out to between S$1,708 psf ppr and S$1,782 psf ppr excluding balcony allowance, or around S$1,553 psf ppr to S$1,620 psf ppr including balcony allowance. The PropNex Investment Sales Department, which is marketing the property, said...
Bartley Grove Apartment, together with three adjoining terrace houses at Bartley Road have been sold for S$74.1 million to a subsidiary of Singapore-listed Top Global. Located in District 19, the combined freehold site has a land area of 65,305 sq ft with a gross plot ratio of 1.4 and an allowable height of up to five storeys. Marketing agents Credo Real Estate said the sale price translates to a unit...
Fragrance Group, together with Aspial Corporation have jointly acquired Tai Keng Court for S$161.11 million. In a statement released Thursday, Fragrance Group said it incorporated a special purpose company with Aspial Corporation known as Kensington Village Pte Ltd to acquire Tai Keng Court through a collective sale tender. Fragrance Group said the vendors of Tai Keng Court have accepted the tender bid...
Westvale Condominium at Pasir Panjang Road has been put up for collective sale with an indicative price tag of S$85.5 million. The 62,710-square-foot freehold site has a potential gross floor area of 96,574 square feet, inclusive of 10 per cent balcony space, and an allowable building height of up to five storeys. The indicative price works out to be about S$892 per square foot per plot ratio. There is...
Shenton House, located in the heart of the central business district in Singapore, has been put up for collective sale. In a statement, its sole marketing agent DTZ said the site which is situated at Shenton Way could fetch S$530 million. This translates to S$1,720 psf per plot ratio based on the allowable approved gross floor area of nearly 427,500 square feet. The leasehold property sits on a land...
The freehold mixed-use development Seletar Garden has been successfully sold in a collective sale exercise for S$96.2 million to a consortium led by Oxley Holdings. It is the first successful en bloc sale out of the eight sites launched this year. The sale price is much higher than the asking price of between S$80 million and S$85 million. Each apartment owner is set to receive between S$2 million and...
Spring Grove, a 325-unit condominium located on Grange Road, is tipped for collective sale if negotiations between homeowners and the US Embassy are successful. Located on the site of the former residence of the US ambassador, the 24,481 sq m site was acquired by City Developments Limited (CDL) from the US government over 20 years ago and developed into a condo project. According to The Straits Times,...
A 25-unit residential development, Bartley Grove Apartments, along with three adjoining terrace houses located along Bartley Road have been put up for en bloc sale. Marketing agent Credo Real Estate said the 65,305-square-foot site could fetch between S$73 million and S$75 million, with no development charge payable. The prices reflect land rates of about S$798 to S$820 per square foot (psf) per plot...
Ultra Mansion at Derbyshire Road will be put up for collective en-bloc sale on February 16. Spanning over 45,500 square feet, the freehold site is located in one of the prime districts in Singapore at the Novena area. Its marketing agent Cushman & Wakefield told MediaCorp that the site is expected to fetch over S$170 million, with very minimal development charges payable. It adds that based on a...