Freehold residential development Grand Tower is up for collective sale for an indicative price of S$92 million. This works out to about S$1,430 per square foot per plot ratio, said its sole marketing agent Savills Singapore. Each owner is expected to get S$3.28 million from the sale. The 33-year-old single tower block is located in Novena and is the development's first collective sale. Sitting on 27...
Collective Sales
Far East Organization has purchased Amber Glades through a en bloc sale. The price is said to be $118.12 million, which works out to about $1,066 per square foot per plot ratio, inclusive of about $4 million in development charges (DC). The deal is subject to approval by the Strata Titles Board. Amber Glades has a freehold land area of 40,917 sq ft and is zoned for residential use with a 2.8 plot...
Jones Lang LaSalle has put up what it calls "the largest en bloc site" for sale by tender. Pine Grove has a site area of around 893,000 square feet and is zoned for "residential" use. Jones Lang did not provide an indicative price for the site but Channel NewsAsia reported in November last year that the site has an estimated reserve price of S$1.7 billion. The property consultancy firm said the site has...
CB Richard Ellis (CBRE) has put The Fortredale, a prime freehold residential site located at 2 Tanjong Rhu Road, up for sale through a public tender. With an area of 23,020 sq ft, the site is zoned for residential use under the 2008 Master Plan. It has a 2.1 gross plot ratio and a permissible building height of up to 24 storeys. The site was previously an en bloc sale site sold by CBRE in 1996 and...
Amber Towers, a freehold residential project at Amber Road, is up for en bloc with a price tag of $168 million to $172 million. This works out to $1,152-$1,180 per square foot per plot ratio (psf ppr), given the potential gross floor area of 145,813 sq ft that a new project on the site could yield. No development charge is payable. The 35-year-old Amber Towers consists of 54 apartments. Amber Towers is...
Property consultancy CB Richard Ellis has launched the public tender for the sale of Austral View at 6 Tanjong Rhu Road. The Austral View sits in a well-established residential estate along Tanjong Rhu and Meyer Road. The prime freehold site has an area of more than 30,000 square feet. With a guide price of S$88 million, that works out to about S$1,350 per square foot per plot ratio, inclusive of the 10...
Amber Glades in Marine Parade has been put up for collective sale. The condominium currently occupies a freehold residential site on Amber Gardens. The site comprises two blocks housing 63 units, with a land area of over 40,000 square feet. The indicative price is about S$120 million. This works out to about slightly under S$1,100 per square foot per plot ratio. This is comparable to the recent sale...
A 10-unit boutique development at Robin Road, off Bukit Timah Road, has been sold to Sing Holdings for S$47 million. Credo Real Estate said all the owners at the development, known as Robin Star, penned their agreement to the collective sale by private treaty. The land area measures some 24,360 square feet. Under the 2008 Master Plan, the site is zoned for residential development up to a Gross Plot Ratio...
Tampines Court owners are attempting an en bloc sale for the second time. MediaCorp understands that 47 percent of the owners met on Saturday for its first Extraordinary General Meeting (EOGM). A 12-member sales committee was also formed. The next step is for the second EOGM to decide on the marketing agents and lawyers to handle the sale, before deciding on the valuation of the estate which spans...
Owners at Bartley Terrace are set to receive $1.14 million to $1.8 million each after the collective sale of the 32-unit property closed on Jan 17. Meadows Investment is paying $40 million for the site near the Bartley MRT Station, said Urban Front Real Estate, which brokered the deal. It said the price translates to about $760 per square foot per plot ratio, after factoring in the development charge...