Laguna Park at Marine Parade Road is up for collective sale with a reserve price of S$1.25 billion. Together with Henry Park Apartments, which is also up for collective sale at between S$170 million and S$180 million, the total value of properties that have come up for sale in October has hit close to S$5 billion. With over 10 sites now available for sale, developers appear to be spoilt for...
Collective Sales
Singapore is suddenly awash with properties up for enbloc sale. With almost 10 estates going to market this month, analysts said this will probably be the last wave for the year. A last splurge for developers for 2011, and possibly the last before the market cools - that's what some owners of en bloc properties are hoping for. Estates such as Crystal Tower in Bukit Timah and Faber Garden in upper...
Singapore’s en bloc market is heating up, with over S$1.5 billion worth of private properties launched for sale as of yesterday. After the Dragon Mansion en bloc sale exercise on Monday (S$142m target for Dragon Mansion collective sale), three more sites followed in its path, with the Faber Garden site along Upper Thomson Road being the most expensive at $830 million. “En bloc land sites require a...
Two freehold residential sites have been relaunched for en bloc sale. One of them is St Patrick's Garden on St Patrick's Road. The property currently holds just under 100 units and sits on a 137,559 freehold land parcel. It is zoned for "residential" use with an allowable gross plot ratio of 1.4. The site can be re-developed into a five-storey residential development, which could make up over 175 units...
Midlink Plaza in Middle Road has been sold for S$126.8 million to 122 Middle Investment, marketing agent Credo Real Estate said yesterday. Shareholders of 122 Middle Investment include Millennium Land, an associate company of Singapore-listed Lian Beng Group, which plans to redevelop the site into a hotel, Credo added. 122 Middle Investment has made an outline planning permission application to the Urban...
Pacific Mansion, a 128,353.16 sq ft residential site at River Valley Close, has been put up for en bloc sale with an indicative price of S$990 million (around S$2,008 psf ppr). The freehold site comprises 288 residential units and two commercial units. It has a gross floor area (GFA) of 45,821.88 sq m with a gross plot ratio of 3.8 and can be redeveloped into a 30- to 36-storey condominium. If the...
Singapore-based company Popular Holdings, through Popular Land Investment, has secured an en bloc sales deal to acquire Permai Court, a freehold residential site at Kampong Bahru, for approximately S$20.25 million. This works out to about S$982 psf ppr, taking into consideration an estimated S$2.5 million development charge (DC) and premiums for the adjoining site. Permai Court, which is the first...
Jones Lang LaSalle (JLL) has launched the collective sale of Parkway View, a prime residential development site along Marine Parade Road, at an indicative price of S$81 million. This works out to around S$1,360 psf ppr, with no development charge (DC) payable. Enjoying prominent frontage along Marine Parade Road, Parkway View comprises 26 residential units in a 15-storey tower, with sizes ranging from...
A three-storey walk up residential development at Ceylon Road is being put up for collective sale. The indicative price for the site is in the range of S$25.75 million to S$27.39 million or about S$800 to S$850 per square foot per plot ratio. Ceylon Flats is a freehold property located off East Coast Road, comprising a total of 21 apartment units. The 23,168 sq ft site is marketed by property...
A small freehold development at Robin Road, off Bukit Timah Road, has been put up for sale with an expected selling price of S$58 million. The property at numbers 2 to 8 Robin Road comprises 16 residential units and has a land area of approximately 23,084 square feet. Under the 2008 Master Plan, the site is zoned for residential development at Gross Plot Ratio (GPR) of 1.4 with an allowable building...