Two redevelopment sites at Balestier Road and Pasir Panjang Road have been launched for sale by tender, according to exclusive marketing agent Knight Frank. The first site at 520 Balestier Road is a 1,971.3 sq m (around 21,219 sq ft) freehold plot zoned commercial and residential under the 2008 Master Plan. With a gross plot ratio of 3.0, it can offer a gross floor area (GFA) of 5,913.9 sq m (63,657 sq...
Enbloc
Tanglin Shopping Centre is trying for an en bloc sale for the second time. It failed to find a buyer on its first attempt last year at a reserve price of S$1.25 billion. In fact, there has never been a successful en bloc sale in the Orchard Road shopping belt. Teresa Wong purchased a freehold shop spanning 330 square feet at Far East Plaza 25 years ago. For the beauty therapist, the need to control...
Katong Park Towers, a 99-year leasehold condominium in Arthur Road, has been put up for collective sale with an indicative price range of S$330 million to S$340 million, sole marketing agent DTZ Debenham Tie Leung said yesterday. According to the Master Plan 2008, the 140,758 sq ft site has a plot ratio of 2.1 and can be developed into a 24-storey condominium project with a maximum gross floor area of...
Green Lodge at Toh Tuck Road has been sold for S$191.888 million, becoming the biggest en bloc sale so far this year, according to The Business Times. Located off Jalan Jurong Kechil in Upper Bukit Timah, the property has a land area of 151,075 sq ft and could be developed into a five-storey condominium under the 2008 Master Plan. With a plot ratio of 1.4, the purchase price translates to S$907 psf...
A freehold residential development, Chateau Eliza, at Mount Elizabeth has been sold en bloc for S$92.2 million. It was sold to a consortium of private investors, Newfort Realty, and was the development's third tender attempt. This is also the 20th successful collective sale deal concluded in Singapore this year. With the sale, each apartment owner stands to receive gross sales proceeds of between S$2.08...
Thomson View Condominium, a 99-year leasehold residential development located along Upper Thomson Road, has been sold en bloc for S$590 million. Its marketing agent HSR International Realtors said in a statement that this is the largest collective sale deal outside the prime districts of 9, 10 and 11. It added that the deal reflects the return of confidence among major developers for collective sales...
Kovan Lodge, a freehold residential site at Kovan Road is up for sale by tender, according to marketing agent Mount Everest Properties. Sited on a 27,090 sq ft plot, Kovan Lodge could be redeveloped into a larger residential development, subject to approval by the relevant authorities. If approval is granted to acquire an adjoining 505 sq ft state land parcel, the development could have a built up of...
Shan Gate Apartments along Shan Road is up for collective sale, according to marketing agent Remax. It said that sellers expect bids to range between S$51.5 million and S$53.5 million, reflecting land rates of S$1,010 to S$1,049 psf ppr based on a gross plot ratio of 2.8 and excluding balcony allowance. If balcony space is included, the price works out at S$918 to S$953 psf ppr. Each unit owner could...
Statistics from the Urban Redevelopment Authority (URA) show that the total transaction value of residential en-bloc properties for the first half of this year has plunged by 80 per cent compared to the same period last year. And there were fewer en-bloc property transactions. Real estate analysts believe that this is due to the global economic slowdown, and the government cooling measures introduced...
Sophia Mansions, a 19-unit development located at Mount Sophia, has been sold for S$43.3 million. Its marketing agent Credo Real Estate said the property was acquired in a collective sale deal by RP Assets Pte Ltd, a subsidiary of Roxy-Pacific Holdings. Under the 2008 Master Plan, the freehold site is zoned for residential use and Credo said it could be developed into a boutique development of up to six...