DESPITE the recession, the saga over the Gillman Heights en bloc sale continues, as some minority owners from the 608-unit development off Alexandra Road take their fight to the highest court to block the sale. The 10 minority owners have filed for a hearing with the Court of Appeal in a bid to overturn the decision made by the High Court in June that allowed the $548 million collective sale to...
Collective Sales
WILL I ever get to live in peace? My condominium's third sales committee disbanded a few months ago. We thought we had seen the last of them due to the tough economic times. But I received a new circular in my mailbox last week, saying yet another sales committee wants to go en bloc. Just as I was heaving a sigh of relief and thinking that I could now renovate my apartment, too. When will it end? Surely...
THE market may have cooled, but en bloc fever is even higher than before at Laguna Park, as approval from owners at the 30-year-old condominium crossed the 80-per-cent threshold on Friday, allowing the en bloc sales process to proceed to the marketing stage. Now the residents are optimistic the prime location of the 528-unit property will help them get their asking price of $1.2 billion, despite the...
While the en bloc market may have slowed, the residents of Laguna Park are optimistic their prime location will help them get their asking price of S$1.2 billion. The en bloc sale of the 30-year-old condominium crossed the 80 per cent threshold on Friday allowing the process to proceed to the marketing stage. This is despite the property market softening from the economic slowdown. With schools like...
LAGUNA Park condominium along Marine Parade Road could be up for collective sale, with about 77 per cent of tenants so far agreeing to it, Channel NewsAsia reported. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger point which will move the en bloc process forward. Channel NewsAsia understands that the asking price is about $1.2 billion. Each owner...
Process marked byacrimony and vandalism may finally have a happy ending for owners THE owners of homes at Laguna Park condominium at Marine Parade are inching closer to a collective sale, after securing approval from owners representing 76 per cent of the share values at the property. The owners have been working on a collective sale since last year, and the process has been marked by acrimony and...
Laguna Park condominium along Marine Parade Road could be up for collective sale. It's not yet a done deal but about 77 per cent of tenants there have agreed to it. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger which will move the en bloc process forward. Laguna Park has already engaged an agent to market the 99-year leasehold property, which...
The 99-year leasehold Parkway Centre has been put up for collective sale. The commercial property, which is located in the Marine Parade town centre, can be redeveloped into an office-cum-retail development, with a gross floor area of up to 157,625 square feet. The building is located opposite Parkway Parade and near Roxy Square. It is surrounded by residential projects like Parc Seabreeze, Silversea and...
Owners of Robin Court and No. 1 Robin Drive are putting their properties up for collective sale for a second time. But this time, their asking price is 40% below their initial expectations. The indicative price of the combined plots is now S$$58 million to S$60 million. No development charge is payable for redeveloping the site. The prime District 10 parcel at Robin Drive, off Bukit Timah Road, is a few...
More factors to consider than just higher bid price I REFER to “Time to relook en bloc rules?” (Weekend Today, July 19-20). On the contrary to what the letter-writer said, there are already enough en bloc rules. Without being privy to certain information, it is incorrect to infer that the Horizon Towers deal was done in bad faith and the proprietary owners did not get the highest price and were...