Collective Sales

Realty Centre, an office building located at 15 Enggor Street within the Central Business District, has been put up for collective sale with a reserve price of S$165 million, marketing agent Cushman & Wakefield said on Monday. The freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet, is zoned for commerical use under the Urban Redevelopment Authority's 2014...

HighPoint, an apartment complex located in 30 Mount Elizabeth Road has been listed for collective sale through public tender with a guide price of S$550 million, the marketing agent for the tender CBRE said on Monday. More than 80 per cent of the owners of the building - comprising 57 apartments and two penthouses - have signed the collective sale agreement. The freehold site, located on a cul-de-sac...

The freehold 72-unit Flynn Park, off Pasir Panjang Road, has a minimum price of S$363.8 million. Following the July cooling measures, owners have been collecting signatures to get an 80 per cent mandate to lower the reserve price to S$325 million; they are at 75 per cent now. After factoring in an estimated development charge of about S$24.5 million, the original reserve price translates to S$1,331...

The City Towers collective sale tender was launched last January, and sold in February to a unit linked to Hong Kong tycoon Li Ka-shing for S$401.9 million. If a pair of siblings have their way, the collective sale of City Towers, sold last February to a unit linked to Hong Kong tycoon Li Ka-shing for S$401.9 million, will not go through. The brother and sister, who own two units at the freehold...

The New Year's Eve countdown is done, but the clock continues to tick for en bloc candidates as they race against a cooling market and various deadlines governing collective sales. The pressure has even led some projects to raise their asking price to persuade owners to come on board - which fly in the face of potential buyers' increasing aversion to mega tabs. Among them is the Dairy Farm estate,...

Cavenagh Gardens is the latest development in Singapore hoping for another chance at an en bloc sale in 2019, and owners are not budging from their first attempt's reserve price of S$480 million. That translates to a land rate of S$1,695 per square foot per plot ratio (psf ppr) inclusive of an estimated state land premium of S$18.4 million to purchase some 11,800 sq ft of state land, or S$1,541 psf ppr...

More than 30 collective sales sites have failed to find successful bidders at the close of tender, following the latest round of cooling measures introduced in July. In a bid to entice developers, around 15 en bloc projects have sought to lower their asking prices, according to Huttons Asia. One of them is Park View Mansions in Jurong, which relaunched its tender for a second time on Wednesday (Dec...

Park View Mansions will relaunch on Wednesday its collective sale tender with a 22 per cent lower reserve price than before, making it the latest case of owners dialling down their expectations amid a quieter en bloc market. More than 80 per cent of the owners at the 191,974 square feet (sq ft) development right by Jurong Lake Gardens have agreed to a reserve price of S$250 million, down from S$320...

A row of apartments with commercial shops along Phoenix Road in Bukit Panjang will be put up for collective sale via public tender on Thursday for S$42 million, marking the first time that the owners are embarking on an en bloc sale. This translates to a land rate of S$617 per square foot per plot ratio (psf ppr), and S$566 psf ppr after factoring in the 7 per cent bonus balcony gross floor area. No...

Owners of the Beauty World Plaza retail and residential building are putting up the redevelopment site for tender with a reserve price of S$165 million, agent Knight Frank Singapore announced on Wednesday. The 2,305.6 square metre site in the Upper Bukit Timah neighbourhood comprises a single block with 61 retail units and 30 residential units. Under the Urban Redevelopment Authority's (URA) 2014 Master...