Whitley Heights, a District 11 condominium development located off Whitley Road has been re-launched for tender with a lower reserve price. This follows the unsuccessful tender exercise called for in January this year. Credo Real Estate managing director, Mr Karamjit Singh, who is handling the sale, said the offers received for the site were below the owners' initial Reserve Price. This prompted the...
Collective Sales
A 4-storey walk up residential development at Holland Hill is up for collective sale. Olina Lodge is a freehold property, comprising of 67 apartment units. The over 84,000 square feet site is a short walking distance from Holland Village and enjoys good accessibility from major roads and the Pan-Island Expressway. Property consultants DTZ said the site can be redeveloped into a 12-storey residential...
Kellock Lodge on River Valley Road is up for a collective sale, with an asking price of more than S$84 million or S$1,383 per square foot per plot ratio, said its sole marketing agent CKS Property Consultants. The redevelopment site has a land area of 21,784 square feet and it will yield a maximum gross floor area of 60,995 square feet. This is based on a plot ratio of 2.8 for the redevelopment of the...
Prime residential freehold property Dragon Mansion at 14 Spottiswoode Park has been put up for collective sale tender by its sole marketing agent Jones Lang LaSalle. Another Dragon Mansion site, located at 18 Spottiswoode Park, was sold to Roxy Pacific subsidiary Roxy Land in December 2009 for S$100.8 million. It has since been redeveloped into the new Spottiswoode 18. The land site for sale has a...
Pine Grove and Laguna Park (picture) are currently the two most expensive en bloc properties up for sale, costing about S$1.7 billion and S$1.33 billion respectively. But analysts said Laguna Park's sea view frontage along Marine Parade Road and its rectangle-shaped land plot put it in a more advantageous position over Pine Grove in terms of attracting potential developers to bid for the sites. They...
Laguna Park, a residential redevelopment site in District 15, is up for en bloc sale at an expected price of S$1.33 billion. This is the second time the 33-year-old development has been put up for sale, with a previous attempt in October 2009. Sole marketing agent Knight Frank said the prime leasehold site is located along Marine Parade Road and has a land area of nearly 63,000 square metres. The land...
Laguna Park residents will be pocketing about S$2.2 million each from the successful sale of the property, which will be put up for tender on May 24. With a plot ratio of 2.8, Laguna Park's price works out to S$975 per square foot per plot ratio. The 528 unit, 677,493 square feet property is attempting a second collective sale attempt with Knight Frank as its sole marketing agent. Knight Frank said the...
Elizabeth Tower, located in the heart of Orchard Road's shopping belt, is up for en bloc sale at an asking price of S$630 million. Marketing agent Credo Real Estate said the freehold development would be a perfect fit for a luxury homes branded developer. The development has a land area of above 54,000 square feet, with 80 units ranging from just under 2,000 square feet to above 3,100 square feet. As...
Aspial Corporation has submitted an offer through its subsidiary World Class Land to purchase Chong Kim Apartment at 8 Bassein Road for S$41.1 million. The apartment was offered for sale by tender on May 12. Aspial says the offer has been accepted. The freehold Chong Kim Apartment has a land area of 1,426.9 square metres and is zoned for residential use. It has a plot ratio of 2.8 and can be developed...
The 16-unit Haig Mansions, which was put up for collective sale, has been sold to Vicland Realty Co Pte Ltd for S$21.5 million, says Credo Real Estate, which brokered the deal. The sale price translates to a land rate of approximately S$720 per square foot per plot ratio (psf ppr) at a gross plot ratio (GPR) of 1.54, including the 10 per cent gross floor area (GFA) for balconies. Each owner is set to...