Collective Sales

Laguna Park off Marine Parade Road has been relaunched for sale by tender with a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore announced on Monday. The 99-year leasehold private residential estate in the East Coast area was previously put up for collective sale in September 2018, after two attempts by owners of the development in 2007 and 2010. The reserve price of S$1.48...

The iconic Golden Mile Complex has been put up for collective sale for a second time. The reserve price for the property is S$800 million, said marketing agent Edmund Tie & Company on Wednesday (Mar 27). This is unchanged from the previous tender which closed on Jan 30 without any buyers. Completed in 1973, the signature step-terraced building located along Beach Road and Nicoll Highway is deemed to...

Centaline Singapore has today announced the launch for collective sale by tender of D’Grove Villas, a freehold high-rise residential redevelopment site strategically located within Singapore’s prime District 10 in the upscale Ardmore precinct. Located at 8A Orange Grove road, D’Grove Villas is a rare and exclusive 24-year-old development with an estimated site area of 50,400 sq ft. The development...

Mandarin Gardens has failed in its en bloc attempt, about a month after raising its asking price to a record S$2.9 billion. The leasehold condominium managed to gather around 68 per cent of signatures as of Mar 24 when its collective sales agreement expired - about 12 per cent shy of the 80 per cent mandate required to launch a tender. In a message to owners on Sunday (Mar 24), the site's...

Sim Lim Square will be put up for collective sale, after securing the requisite agreement of at least 80 per cent of its owners. The mall, located on Rochor Canal Road, will go on sale at S$1.3 billion, its sales committee head Vikas Gupta told TODAY on Wednesday (March 20) evening. He disclosed that 80.82 per cent of owners by share value and 81.43 per cent of owners by strata area voted for the...

Braddell View will be launched for collective sale by public tender on March 27 at a reserve price of S$2.08 billion, after 80 per cent of its owners voted to put the property on the market. The development on Braddell Hill is the largest private residential site here, and was the largest of the 18 former Housing and Urban Development Company (HUDC) estates in Singapore, comprising 918 units of...

Casa Sophia in District 9 has relaunched for collective sale by private treaty on Monday, with a lower asking price of S$30 million. The project first launched with a reserve price of S$36 million or S$1,390 per square foot per plot ratio (psf ppr) in July 2018, shortly after the latest round of property cooling measures was announced. Most of the owners have since agreed to lower the reserve price...

Peace Centre/Peace Mansion (PCPM) at 1 Sophia Road has extended its collective sale tender closing date by three weeks on the basis that the property's owners are still awaiting approval from the relevant authorities for a lease top-up, and that developers would require more time to evaluate government land sale (GLS) sites currently available in the market. The tender closing date, previously...

The freehold Selegie Centre in prime District 7 has been sold en bloc at its reserve price of $120 million. This deal - the development's third attempt at a collective sale - is at a land rate of $1,942 per square foot per plot ratio (psf ppr). It means owners of the 84 sq m apartments there will reap about $1.7 million while shop owners can expect between $1 million and $12 million, depending on the...

Goodluck Garden's en bloc is still on after an appeal by dissenting owners was dismissed by the Court of Appeal on Thursday. This follows a lengthy dispute over the fate of the condo, which Qingjian Realty bought for S$610 million in March 2018. Some owners had registered objections leading to the Strata Titles Board (STB) issuing a stop order. It received the green light from the High Court in...