Enbloc

The $362 million en bloc sale of Cairnhill Mansions will proceed due to a settlement that gives the penthouse owner who objected to the sale an extra $867,004.79. This sum is to be borne equally by owners of the other units in the development, the High Court ordered on Thursday afternoon. Mediation between Djie Tjoe Nio, the objector, and the collective sale committee began on Tuesday this week and...

The collective sale of Katong Park Towers has been given the go ahead by the High Court, following some owners' objection to the sale over factors like the method of apportionment. According to Business Times, the order of sale was made for Katong Park Towers following a High Court hearing on Tuesday. A unit of Bukit Sembawang Estates bought the estate for S$345 million in March following a...

Marketing agent CBRE will relaunch the public tender of Faber Garden, located at 2,4,6,8,10 Angklong Lane, off Upper Thomson Road, on 3 October 2018. The sprawling site, situated next to Singapore’s Central Nature Reserve, enjoys tranquil exclusivity yet is conveniently connected to the city centre via the MRT network, major roads and expressways. The upcoming Bright Hill MRT Station (TE7), slated to...

12-unit Le Arc Apartment on Lorong 26 Geylang, off Geylang Road in district 14, has launched for a collective sale attempt, announced marketing agent ERA Realty Network. The owners are expecting $20 million to $22 million for the freehold property. The price translates to about $915.59 psf per plot ratio (ppr), or $832.35 psf ppr when taking into account the 10% bonus balcony area and relevant...

Roxy-Pacific Holdings said on Wednesday that it has been granted an order for sale from the High Court for its announced acquisition of freehold residential property in District 10 known as Wilshire. The firm partnered Tong Eng Group's managing director Teo Tong Lim to acquire the residential site at Farrer Road for S$98.8 million, it announced in January. The 39,130 sq ft site was collectively sold...

Yuen Sing Mansion at Nos 6A – 10c Geyland Lorong 13, has been launched for sale by tender by marketing agent JLL. The freehold four-storey development comprises nine apartments built on a regular shaped plot. All the owners have consented to the collective sale and no Strata Titles Board approval would be required. The owners are expecting bids in excess of S$17 million, which reflects about S$779...

Two freehold condominium developments near the prime Orchard Road district will make another bid at an en bloc sale, Colliers International said on Monday (Sep 17). Grange Heights in St Thomas Walk will be launched for sale at S$820 million, while Cairnhill Astoria will be put on the market for S$196 million. This is the second attempt at a collective sale by Grange Heights owners. Depending on the...

Former HUDC estate Laguna Park has been put up for collective sale at a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore said on Monday (Sep 17). This is the third time owners of the development at Marine Parade Road are attempting an en bloc sale, after two earlier shots in 2007 and 2010. The 99-year leasehold development was built in 1978 and comprises seven blocks of 506...

The tender for Horizon Towers - the first major en bloc exercise to close after July's property cooling measures - ended on Wednesday without a single bid. While strong interest was not expected given the tough measures introduced on July 6, the absence of any bids from developers added to the disquiet in the en bloc market, especially big estates eyeing billion-dollar tabs. Horizon Towers' marketing...

Freehold development Gisborne Light in district 10 will be put up for collective sale in a public tender starting Sept 13, with an asking price of S$37 million, which translates to S$1,671 per square foot per plot ratio (psf ppr). "The land rate of Gisborne Light is attractive and fairly adjusts for the current market sentiment following the introduction of new cooling measures on July 6, 2018," said...