Enbloc

Summer Green off Balestier Road is the latest condo to launch for collective sale with a reserve price of S$48 million. That translates to a land rate of approximately S$1,178 per square foot per plot ratio (psf ppr), inclusive of a development charge of approximately S$320,000, for the freehold site with 24 units. With that, owners at the 13-storey condo could net themselves about S$2 million per...

The latest round of property cooling measures may have caught the market by surprise with its speed and severity, with an analyst describing it as "a sledgehammer to kill a fly". However, the warning signs were there: High land prices, a jump in the number of new housing loans, and a wage growth lagging behind economic expansion were some of the red flags which prompted the authorities to take...

Three families who are unrelated have sold adjacent bungalows collectively at a price of S$37.89 million. The bungalows are located in District 15 Lorong H Telok Kurau. The freehold bungalows are single-storey and together have 24,050 sq ft land area. Taking into account the development charges payable the developer would have to bear land rate of S$1,132 psf ppr. If the 10% balcony bonus is taken...

While at least one collective sale bid will be launched as planned this week, others have hit the pause button or are drawing up new plans amid uncertain prospects following the surprise of fresh property cooling measures. An extension in tender closing dates is one way that some marketing agents hope will keep their en bloc sale bids alive. They also told Channel NewsAsia that homeowners’ price...

Knight Frank Singapore, the exclusive marketing agent representing the interests of the owners of Chancery Esquire, has announced the launch of the sale of Chancery Esquire, an exclusive freehold residential redevelopment site along Chancery Lane, by tender. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from 84 sq m to 158 sq m, and has a site area of...

Eleven years after its failed attempt at a collective sale, condominium development Horizon Towers is on the market again at a reserve price of S$1.1 billion. The reserve price translates to S$1,964 per sq ft per plot ratio, and is more than double the S$500 million deal in 2007 with a consortium led by Hotel Properties that eventually fell through. The 99-year leasehold condominium at Leonie Hill...

The en bloc sale of Goodluck Garden on Toh Tuck Road, agreed on in March for $610 million, has hit a road block. This comes after seven minority owners objected on the grounds that information was withheld which would have allowed them to sell the property for a higher price. Owners of the 210-unit freehold residential development will go to court after the Strata Titles Board (STB) issued a stop...

Dalvey Court - a freehold condominium development located in the prestigious District 10 area near the Singapore Botanic Gardens up for collective sale, with a reserve price of $160 million. It is also near the stretch of high-profile schools including St Joseph's Institution, Singapore Chinese Girls' School, Anglo-Chinese School (Barker Road) and Nanyang Primary School. The nine-storey building...

The rejuvenation of Selegie Road will move further along if the owners of two buildings there succeed in their collective sale bids. Selegie Centre, a 10-storey freehold commercial building, has obtained approval from around 90 per cent of owners by share value and strata area to launch a tender with a reserve price of S$120 million. The land rate works out to S$1,942 per square foot per plot ratio...

Marketing agency Knight Frank is pleased to announce that Kemaman Point, a 89-unit residential development located off Balestier Road, has been sold collectively to Soilbuild Group Holdings Ltd for S$143.88 million. The sale price to redevelop the site to a gross plot ratio (GPR) of 2.8 based on the maximum permissible Gross Floor Area (GFA) of approximately 122,711 sq ft, translates to a land price of...