Park West, a prime residential site at Jalan Lempeng, is up for en bloc at an indicative price of S$803 million. Marketing agent ERA Realty Network said the estimated differential premium and topping-up of the lease is S$230 million. The site has a 99-year lease and a total site area of over 633,600 square feet. This represents a gross floor area of about 1.33 million square feet and the site is zoned...
Enbloc
Daisy Apartments, a residential redevelopment site near Serangoon Gardens, was successfully sold via en bloc for S$14.618 million to SingBuilders. This translates to a land rate of about S$738 per square foot per plot ratio, including an estimated development charge for the 10 per cent bonus gross floor area for balconies. With the successful sale, each owner stands to receive gross sales proceeds of up...
Dynasty Garden, a freehold redevelopment site in District 10, along with its adjoining plot, have been launched for sale through a public tender. Located along Sixth Avenue, Dynasty Garden currently comprises 33 walk-up apartments with unit sizes of between 97 sq m and 242 sq m. Knight Frank, the property’s sole marketing agent, said it has a price tag of S$105 million (around S$1,432 psf), based on a...
Hoi Hup Realty has won the tender to buy Whitley Heights for S$159 million in a collective sale. The selling price for the 45-unit condominium development is lower than the initial reserve price of between S$185 million and S$210 million in January, and the revised reserve price of S$165 million in June. Credo Real Estate, which is marketing the 130,165-sq-ft property, said it "could be the third-largest...
Real estate advisory firm Knight Frank has launched Riviera Point, a freehold site located along River Valley Road, for sale by tender. It said the guide price for the property is S$70 million. The site is located near the Orchard shopping belt, and has a land area of 14,580 square feet. Knight Frank said the site may be redeveloped into a new project that could yield a gross floor area (GFA) of 49,303...
The sale of Tanglin Shopping Centre will drag on for at least another month. Millennium and Copthorne Hotels (M&C Hotels) said in a statement released yesterday that the collective sale agreement for the potential sale of Tanglin Shopping Centre - with a price tag of about S$1.25 billion - has been extended by one month until Sept 26. The collective sale of Tanglin Shopping Centre was revealed in...
Midlink Plaza, a nine-storey commercial building at the junction of Queen Street and Middle Road, has been launched for tender with an indicative price of between S$120 million and S$130 million. With the building’s existing strata area of 92,861 sq ft, the price tag translates to around S$1,292 psf to S$1,399 psf. However, after factoring in S$16.8 million to S$18.3 million for the top-up of the lease...
Grand Tower located near Novena MRT station sold en bloc for S$88.5 million. This reflects a land rate of S$1,376 per square foot per plot ratio based on a plot ratio of 2.958. Marketing agent for the site Savills said the buyer is 27MR Pte Ltd, a wholly owned subsidiary of boutique developer New Century Real Estate. New Century Real Estate is also the developer for 8Rodyk condominium. Grand Tower is a...
Ming Arcade, a prime freehold commercial development located off Orchard Road, is up for collective sale by tender. The redevelopment site on 21 Cuscaden Road is zoned 'commercial' with a gross plot ratio of around 4.2 and an allowable building height of 20 storeys. With an approved gross floor area of 55,046 square feet, no development charge is payable for the site. According to sole marketing agent...
A commercial redevelopment site which Peace Centre and Peace Mansion sit on is up for en bloc sale. Marketing manager Savills Singapore said the site at 1 Sophia Road is over 7,100 square metres and has a guide price of S$675 million. This works out to S$1,306 per square foot per plot ratio, and includes an estimated upgrading premium of S$145 million to top up the existing lease to a 99-year...