Another apartment is angling for an en bloc sale. Owners of Glenville off Upper Serangoon Road are asking between S$38 and S$40 million for the property. That works out to about S$715 to S$745 per square foot per plot ratio for owners of the 32-unit, freehold residential development located at Lim Tua Tow Road The site spans 43,335 square feet with a gross plot ratio of 1.4. It can be built up to five...
Collective Sales
Maison Royale, a freehold site in the Newton area, is the latest development put up for en bloc sale. This is despite the recent cooling measures announced by the government earlier this week and the release of more government land for private residential housing. The development located at No.1 Surrey Road is going for at least S$48 million. This translates to about S$1,220 per square foot per plot...
Melrose Court in Balestier has been sold for S$44 million in a collective sale. The 32-unit residential development at No.10, Lorong Limau was sold to local boutique developer Melrose Land. The property's broker, Colliers International, says that Melrose Court is not linked to Melrose Land and notes that the sale is subject to the approval of the Strata Titles Board. The freehold residential site has an...
Property developer Roxy-Pacific said yesterday that its unit, Mequity, bought Toh Tuck Apartments in an en bloc deal for $33.9 million. The freehold site, located at Toh Tuck Road, is the first collective sale in District 21 - which comprises Upper Bukit Timah and Clementi - this year. The site has an area of 40,449 square feet, a plot ratio of 1.4 and can be built up to five storeys. A development...
Vibe on the ground doesn't match analyst optimism THE reports "Pasir Panjang apartment block up for en bloc sale" (Aug 24) and "Demand fires up en bloc market" (Aug 18) appear to portray the en bloc sale market in Singapore as strong and buoyant. But is this really the case? Both reports are based on opinions of real estate agents, who arguably have a vested interest in keeping property prices...
A 16-unit walk-up apartment block in Pasir Panjang has been put up for collective sale for between $26 million and $30 million in the latest addition to the en bloc revival. The freehold site, at 252 to 258 Pasir Panjang Road, is near the future Haw Par Villa MRT Station and covers 28,263 square feet. Under the Urban Redevelopment Authority's 2008 Master Plan, it is zoned for residential development with...
Freshly launched unit at The Scala in Serangoon also up for auction OWNERS of Newton View have climbed aboard the collective-sale bandwagon, putting their estate up for tender with an indicative price of $153-155 million. The freehold residential development at 26 Newton Road (between Newton and Novena MRT stations) sits on a 37,577 square foot site with a plot ratio of 2.8 and a permissible gross floor...
SELEGIE Centre, located in prime District 7, has been put up for sale by tender with an indicative price tag of $110 to $125 million. Residents and shopowners of the 25-year-old mixed development located at the Selegie Road and Mackenzie Road junction yesterday officially announced that they had attained approvals from 83 per cent of the shareholders for the en bloc sale. A previous attempt to sell the...
Three prime sites launched for sale Signs of unabated demand for private homes have fired up the collective sale market, with three sites put up for en bloc sale yesterday. One of the sites is Robin Court in Bukit Timah, which is being sold with an adjoining bungalow. The other two sites are a plot holding 13 shophouses along Owen Road and a 63-unit condominium in Katong called Amber Glades. The...
Property consultancy Credo Real Estate has launched the tender for a joint sale of the 15-unit Robin Court and an adjoining bungalow at Robin Drive, off Bukit Timah Road. The joint sellers are expecting offers in the region of S$66 million to S$74 million. That works out to around $1,046-$1,172 per square foot on potential gross floor area. Under the 2008 Master Plan, the site is zoned for residential...