The en bloc bid of Dragon Mansion has gone through and has been sold for S$130 million to Spottiswoode Development, a joint venture by Lian Beng Group and Centurion Properties. The selling price translates to about S$1,093 per square foot per plot ratio (psf ppr) including a 10 per cent bonus gross floor area (GFA) for balconies, said property consulting firm Jones Lang LaSalle. Each owner of the...
Dragon Mansion
Prime residential freehold property Dragon Mansion at 14 Spottiswoode Park has been put up for collective sale tender by its sole marketing agent Jones Lang LaSalle. Another Dragon Mansion site, located at 18 Spottiswoode Park, was sold to Roxy Pacific subsidiary Roxy Land in December 2009 for S$100.8 million. It has since been redeveloped into the new Spottiswoode 18. The land site for sale has a...
The Strata Titles Board (STB) has approved the collective sale of Dragon Mansion to RL Developments, a wholly-owned unit of Roxy-Pacific Holdings. This makes Dragon Mansion the first collective sale site to have successfully obtained STB's Sale Order under the stricter legislation governing collective sale that came into force in October 2007. At a sale price of S$100.8 million, Dragon Mansion is also...
Dragon Mansion at 18 Spottiswoode Park Road has become the first successful en bloc sale in Singapore this year. The property was sold to a unit of Roxy-Pacific Holdings for S$100.8m including the development charge. That translates to about S$863 per square foot per plot ratio. CKS Property Consultants launched a tender for the site in July, after it obtained consent from more than 80 per cent of the...
The tender for the collective sale of Dragon Mansion has been launched, the first such sale this year. The property is located at 18 Spottiswoode Park Road. In a statement, CKS Property Consultants said it has obtained consent from more than 80 per cent of the owners to proceed with the sale. The collective sale is expected to achieve in excess of S$120 million or S$1,020 per square foot per plot ratio....