The tender for the collective sale of Laguna Park has closed with no confirmation of a buyer. Its marketing agent Knight Frank declined to elaborate if any bids were received in the tender, or if the bids matched its reserve price. But Mr Nicholas Wong, executive director of Investment at Knight Frank said that it is, "in the process of negotiating with an interested party". The marketing agent has...
Collective Sales
Crystal Tower, located at Ewe Boon Road, has been put up for collective sale by tender at an indicative price of S$155 million. It is a 28 unit, 11-storey residential development. The 60,482 square foot residential freehold site has a gross plot ratio of 1.6. Its elevated site enjoys an unobstructed view of the Bukit Timah residential district. Its marketing agent Colliers International said the...
Daisy Apartments, a residential redevelopment site near Serangoon Gardens, is up for en bloc at an expected price of above S$14.5 million. Property consultants Credo Real Estate said the freehold site is located at Daisy Road and has a land area of more than 13,000 square feet. The land is zoned for Residential use at a plot ratio of 1.4 and an allowable height of up to five storeys. All the owners of...
Grand Tower, a boutique freehold residential site located in the Novena area has been launched for sale by tender. The redevelopment site is located at the junction of Sinaran Drive and Moulmein Rise. The 33-year old tower block consists of 28 apartments that occupies an area of almost 22 thousand square foot (sq ft) in total. Its marketing agent Savills Singapore said that the site can potentially be...
Some S$1.7 billion in collective sales have been transacted so far this year. According to property consultant Credo Real Estate, the figure is almost the same as the collective sales transacted last year. One of the latest transactions is a 40-unit walk-up apartment development on River Valley Road, which fetched S$70.5 million. Credo said successful deals over the past 18 months have been relatively...
A 40-unit walk-up apartment at 402-414 River Valley Road has been successfully sold en bloc for S$70.5 million to Alliance Land. This translates to a land rate of about S$1,139 per square foot per plot ratio, with a gross plot ratio of 2.8 for the 22,000-square foot site. If the 10 per cent gross floor area for balconies is included, it will work out to S$1,035 per square foot per plot ratio, at a gross...
Balmoral Condominium on Balmoral Road has been sold for S$141 million in a collective sale. The sale price represents a unit land rate of S$1,546 per square foot per plot ratio, the highest in four years. Suzie Mok, director of investment sales at Savills Singapore, which brokered the deal, said: "The property has excellent potential, given its exclusivity and choice location in the prime District 10...
Tulip Garden has re-launched its collective sale, after its last unsuccessful tender exercise that closed in January this year. Credo Real Estate, which is handling the sale, said the owners of the 164-unit development are asking a minimum S$600 million, down from the previous price of S$650 million. Credo said the majority of the owners present at an extraordinary general meeting last month voted in...
A unit of Singapore-listed Top Global Limited has acquired the 45-unit Braddell Park apartment at Jalan Lateh for S$85 million (around S$665 psf ppr). Located off Braddell Road and Upper Serangoon Road, the apartment complex sits on a 91,360 sq ft freehold land site and is zoned for residential use under the 2008 Master Plan. It has a plot ratio of 1.4 and an allowable height of up to five storeys. Credo...
Brookvale Park, a four-storey condominium nestled in the Sunset Way estate, has been put up for sale by public tender. Marketing agent CB Richard Ellis (CBRE) said the 999-year residential site has a land area of 373,000 square feet and a permissible building height of up to 12 storeys. It is located close to amenities and is a short drive to education institutions like Ngee Ann Polytechnic and the...