A small District 9 apartment building has broken a more than six-month silence in the residential collective sale market. The five-unit Sophia View was sold in June in Singapore to a private investor. Marketing agent SRI declined to reveal the exact price tag coughed up but said each unit will get about S$2 million. Sophia View, at 108 Sophia Road, is zoned residential and has a plot ratio of...
Collective Sales
Singapore Shopping Centre has put itself on the collective sale market with a reserve price of S$255 million. The seven-storey retail and office development, located at 190 Clemenceau Avenue opposite Dhoby Ghaut MRT, spans a land area of 2,449.8 sq m. It is zoned for commercial use under DMP19 with a plot ratio of 4.2+. The development also has a "prominent triple-road frontage onto Clemenceau...
Tech hub Sim Lim Square has extended the closing date for its collective sale tender by one month to give prospective bidders more time to explore the possibility of converting the commercial site into a hotel, the property’s marketing agent SLP International told CNA on Monday (Jun 24). The tender, which was meant to close on Monday, will now close at 3pm on Jul 22. Under the Urban Redevelopment...
Owners at the residential and retail complex Beauty World Plaza have launched another tender for a collective sale at a reserve price of S$165 million - unchanged from their previous attempt back in late November 2018. Authorities have also provided for an in-principle approval for redevelopment of the residential component to serviced apartments, following an outline application submitted, said...
Braddell View another victim of moribund en bloc market The collective-sale cycle appears to be running out of steam, with no residential projects having achieved a successful outcome so far this year; the mega Braddell View estate has become the latest to reach its tender close with zero bids. Market watchers were unsurprised by the lack of takers for Singapore's largest private residential site,...
Owners of Cascadale are, for the first time, putting the 25-year-old condominium development up for collective sale with a reserve price of S$270 million, marketing agent JLL announced on Tuesday. This translates to a land rate of about S$1,071 psf ppr, after including an estimated development charge of about S$17 million and before factoring any bonus gross floor areas, said JLL. The 134-unit...
A number of shop owners at Queensway Shopping Centre have banded together to resist the proposed collective sale of the 45-year-old development, even as residents at the adjacent housing apartment Queensway Tower seem geared up for a sale. This is the first time the mixed development site - which sits on a land area of about 100,000 sq ft - is being put up for sale, said Ms Suzie Mok, senior director of...
Sim Lim Square on Rochor Canal Road has been put up for collective sale via public tender at a reserve price of S$1.25 billion on April 29, marketing agent SLP International Property Consultants announced on Monday. The retail strata mall, one of Singapore’s largest IT shopping centres, comprises six floors and two basements, housing 492 commercial units. It sits on a 99-year leasehold site with a...
Pine Grove's S$1.86 billion mega collective sale tender ended on Tuesday with no bidders. It has gone into the 10-week private treaty period, key executive officer of the marketing agent C&H Group Nelson Lim told The Business Times. The private treaty period allows en bloc sites to negotiate with interested developers. Pine Grove's inability to find a buyer, particularly in the post-cooling measures...
Le Arc Apartment off Geyland Road is up for collective sale again, with the owners now expecting a minimum offer of S$18.5 million, marketing agent ERA Realty Network announced on Tuesday. The price translates to around S$847 per square foot per plot ratio (psf ppr), or S$792 psf ppr inclusive of the 7 per cent bonus balcony area and estimated development charges of S$150,000. If the en bloc goes...