The collective sale of a 16-unit apartment located at Robin Road has gone through for $52 million, says property consulting firm Credo Real Estate. The winning bid came from Sing Holdings, which vied for the two 4-storey block apartment that forms part of four adjoining properties. Ms Yong Choon Fah, Executive Director of Credo Real Estate, said: "More than 80 per cent of the owners at 2 to 8 Robin Road...
Collective Sales
A collective sale site at Henry Park located off Holland Road has been sold to Kentish View Pte Ltd, a unit of Far East Organization, for S$175.888 million, making it the largest en bloc deal by value this year. Its marketing agent Credo Real Estate says it has been a closely contested exercise that attracted five submissions for the prime District 10 apartment site. The 999-year leasehold site with a...
Olina Lodge, a freehold condominium located at Holland Hill, has been relaunched for collective sale with a lower indicative price of S$220 million. The tender for the 84,288 square foot site, which has a maximum plot ratio of 1.6 or a gross floor area of 134,862 sq ft, will close on Dec 13, according to property consultant DTZ. The price translates to S$1,544 per sq ft per plot ratio, including 10 per...
After its proposed en-bloc sale fell through earlier this year, Tanglin Shopping Centre is turning its attention to rejuvenating the mall and reminding shoppers it is still open for business. The 40-year-old shopping centre took out a full-page newspaper advertisement yesterday, declaring: "We are staying". Management council member Anil Bhatia, who sat on the now-dissolved en bloc committee, told Today...
The en bloc bid of Dragon Mansion has gone through and has been sold for S$130 million to Spottiswoode Development, a joint venture by Lian Beng Group and Centurion Properties. The selling price translates to about S$1,093 per square foot per plot ratio (psf ppr) including a 10 per cent bonus gross floor area (GFA) for balconies, said property consulting firm Jones Lang LaSalle. Each owner of the...
Coronation Grove in District 10 is going back on the collective sale market with a lower indicative price. The owners now say they will consider offers over S$81 million. This is lower than the earlier indicative asking price of between S$86 million and S$90 million. Marketing agents Credo Real Estate said after the last unsuccessful tender exercise in March 2011, the owners agreed to lower their price...
Chateau Eliza, a prime freehold residential development along Mount Elizabeth off Orchard Road, has been put up for collective sale. Its marketing agent Knight Frank said the17,997 square-foot property has a price guide of S$111 million to S$115 million. It added that translates to a land price of S$2,099 per square foot per plot ratio (psf ppr) to S$2,174 psf ppr based on the proposed gross floor area...
Thomson View Condominium has been put up for sale with an indicative asking price of between S$595 million and S$635 million, said its marketing agent HSR Investment Sales. That translates to about S$694 to S$732 per square foot of potential gross floor area for the residential site located along Upper Thomson Road in District 20. This includes an upgrading premium of about S$130 million to top up the...
A prime leasehold site next to Kent Ridge Park is up for sale by tender with a reserve price of S$323 million. The site, Vista Park at 50-66 South Buona Vista Road, has a potential gross floor area (GFA) of approximately 446,947 square feet. Based on the reserve price, the land price works out to be about S$824 per square foot (psf) per plot ratio (ppr), inclusive of a lease top-up of approximately...
Green Lodge, a residential development site at Toh Tuck Road, has been launched for sale with an indicative price of around S$195 million. This works out to around S$866 psf ppr, with no development charge payable for proposed development of up to 1.49, said real estate adviser DTZ, the property’s sole marketing agent. Located at Toh Tuck Road, Green Lodge has a total land area of 151,075 sq ft and can...