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The Windy Heights condominium in Kembangan (Jalan Daud) is having another stab at a collective sale, with owners ready to cut the reserve price to attract buyers in a cooling market. The move comes hot on the heels of a failed bid for the freehold District 14 development that ended in April and tough new property cooling measures that kicked in on July 6 which include a 10-percentage point hike in the...

Fragrant Gardens off Upper Paya Lebar Road is up for a collective sale with a S$65 million reserve price. This translates to a land rate of approximately S$1,204 per square foor per plot ratio (psf ppr), said marketing agent Knight Frank. With no development charge payable, and with the inclusion of a 10 per cent bonus balcony gross floor area, the land rate works out to approximately S$1,094 psf ppr,...

Private home prices rose 3.4 per cent in the second quarter of this year, according to the latest figures from the Urban Redevelopment Authority (URA) on Friday (Jul 27). This continues a rising trend in the last three consecutive quarters, with prices rising 3.9 per cent in the first quarter of this year, 0.8 per cent in the preceding quarter and 0.7 per cent in the third quarter of last year. For...

Tee Land has decided not to exercise its option to purchase Teck Guan Ville in what was originally a S$60 million collective sale due to the latest round of cooling measures. Tee Land will forfeit its 1 per cent deposit. The company cited the "impact on market sentiment and purchasers' interest" following the government's announcement on July 5. Tee Land "has decided to adopt a more prudent and...

In light of property cooling measures, Katong Plaza and Fortune Park are the latest collective sale hopefuls to extend their tender closing dates to Sept 11 and Sept 14 respectively. Huttons Asia, the property consultant for both freehold projects, announced the extensions on Thursday. Huttons Asia said that the decision was made in consultation with each collective sale committee. Said Huttons Asia...

With no collective sale deals being awarded since the latest cooling measures took effect on July 6, some developments that have already launched their tenders are extending their deadlines. Horizon Towers that launched on July 5 at a reserve price of S$1.1 billion, will now close on Sept 12 instead of Aug 7 previously announced. Marketing agent JLL said in a statement on Tuesday: "The decision was...

Horizon Towers has extended the closing date for its collective sale tender by more than a month. This following cooling measures that took effect the day after the site had launched for sale on July 5 with a S$1.1 billion reserve price. "The decision was made following feedback from developers that they remain interested in the prime site, but would now require more time to observe and re-assess the...

Freehold residential redevelopment site Sutton Place has been put up for sale by tender with a reserve price of S$268 million, Knight Frank Singapore announced on Monday. A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm (approximately 93,185 sq ft). The site is regular in shape and is elevated away from traffic, overlooking surrounding developments....

Pinetree Condominium at Balmoral Park enclave has been put on the collective sale market with a reserve price of S$148 million. The development sits on 41,276 square feet (sq ft) of land and consists of predominantly three-bedroom units measuring between 1,162 sq ft and 1,851 sq ft. The site is zoned 'residential' with a plot ratio of 1.6 as per the 2014 masterplan, which translates to a gross floor...

Kentish Green in Oxford Road has jumped on the bandwagon of developments here trying for a collective sale. The 122-unit condominium is located near Farrer Park MRT station. The owners have set a reserve price of $230 million for the 59,143 sq ft site. Based on the reserve price, each owner will net between $1.736 million and $2.086 million from a successful sale. The site can be redeveloped to...