The en bloc property market is stirring again with the launch of two collective sale tenders yesterday — one at the former Housing and Urban Development Company (HUDC) development Eunosville and a smaller one in the affluent postcode of Jervois Road. Eunosville, a 330-unit housing project opposite Eunos MRT Station, has been re-launched at an unchanged reserve price of S$688 million after its maiden...
Enbloc
Versailles, a 55-unit residential development, has been re-launched for en-bloc sale after an earlier attempt to find a buyer failed because bids did not reach the reserve price. Jones Lang LaSalle, which is the sole marketing agent, said that the collective sale committee managed to seek a fresh mandate to reduce the reserve price and that it is now in a position to accept any offer above S$96...
The collective sales or en bloc sales market for private residential properties saw a slowdown of 13 per cent in the second quarter (Q2) compared to the first three months of the year. The collective sales market in Q2 remained lukewarm as only four small sites were sold for a total of S$215.4 million. This is compared to the three deals worth S$247.8 million done in the first quarter. Analysts said...
A freehold residential site at 1 Jalan Remaja, off Hillview Avenue, has been put for sale by tender. The site, which is located on elevated ground, has a land area of over 43,500 square feet. According to its marketing agent DTZ Debenham Tie Leung, the site can be developed into a 10-storey condominium with a maximum gross floor area (GFA) of about 83,600 square feet. It added that the new...
Chancery Garden, a prime freehold mixed landed site in District 11, has been sold via private treaty for S$41 million. According to OrangeTee's Investment and Advisory Department, the S$41 million sale price translates to about S$1,391 per square foot over the land area. The three-storey block comprises 10 apartments and townhouses and has a site area of approximately 29,468 square feet. The size...
Eunosville, a former Housing and Urban Development Company (HUDC) estate, has been put up for collective sale. If successful, it will be the largest en bloc deal in six years. The announcement yesterday by sole marketing agent Jones Lang LaSalle came two years after the 330-unit residential estate was privatised and six years after the last successful en bloc sale of an HUDC site. Eunosville, directly...
The Henley Industrial Building was put up for collective sale on Tuesday. The four-storey industrial building at Upper Paya Lebar Road has an area of approximately 27,161 square feet with 17 existing units. Marketing agent CBRE said the building has a reserve price of S$37 million. This works out to S$545 per square foot (psf) per plot ratio and a breakeven cost of about S$792 psf. No...
A freehold residential site at Tampines Road has been put up for collective sale by public tender. The 14-storey development, Yi Mei Garden, is located near Kovan MRT and Heartland Mall. ERA Realty Network, the marketing agent for the property, said the indicative price range for the plot is between S$132 million and S$135 million. ERA said the development charge payable would work out to be...
Bright Chambers, a nine-storey commercial building at the junction of Middle Road and Victoria Street, has been sold en bloc for S$45 million to Arjuno Holdings, a special purpose vehicle run by Pamfleet Asset Management, marketing agent Jones Lang LaSalle said yesterday. Bright Chambers, zoned for commercial use, sits on a land area of 5,263 sq ft and has an existing plot ratio of 7.943, exceeding the...
A 55-unit residential development at Guillemard Road has been put up for collective sale by tender. Versailles has an indicative price tag of between S$105 million and S$110 million, which translates to some S$1,088 per square foot (psf) to S$1,133 psf. The site has a land area of around 53,073 square feet (sq ft). Exclusive agent for the deal Jones Lang LaSalle said the development has a...