Enbloc

Owners at the residential and retail complex Beauty World Plaza have launched another tender for a collective sale at a reserve price of S$165 million - unchanged from their previous attempt back in late November 2018. Authorities have also provided for an in-principle approval for redevelopment of the residential component to serviced apartments, following an outline application submitted, said...

Braddell View another victim of moribund en bloc market The collective-sale cycle appears to be running out of steam, with no residential projects having achieved a successful outcome so far this year; the mega Braddell View estate has become the latest to reach its tender close with zero bids. Market watchers were unsurprised by the lack of takers for Singapore's largest private residential site,...

Owners of Cascadale are, for the first time, putting the 25-year-old condominium development up for collective sale with a reserve price of S$270 million, marketing agent JLL announced on Tuesday. This translates to a land rate of about S$1,071 psf ppr, after including an estimated development charge of about S$17 million and before factoring any bonus gross floor areas, said JLL. The 134-unit...

A number of shop owners at Queensway Shopping Centre have banded together to resist the proposed collective sale of the 45-year-old development, even as residents at the adjacent housing apartment Queensway Tower seem geared up for a sale. This is the first time the mixed development site - which sits on a land area of about 100,000 sq ft - is being put up for sale, said Ms Suzie Mok, senior director of...

Sim Lim Square on Rochor Canal Road has been put up for collective sale via public tender at a reserve price of S$1.25 billion on April 29, marketing agent SLP International Property Consultants announced on Monday. The retail strata mall, one of Singapore’s largest IT shopping centres, comprises six floors and two basements, housing 492 commercial units. It sits on a 99-year leasehold site with a...

Pine Grove's S$1.86 billion mega collective sale tender ended on Tuesday with no bidders. It has gone into the 10-week private treaty period, key executive officer of the marketing agent C&H Group Nelson Lim told The Business Times. The private treaty period allows en bloc sites to negotiate with interested developers. Pine Grove's inability to find a buyer, particularly in the post-cooling measures...

Le Arc Apartment off Geyland Road is up for collective sale again, with the owners now expecting a minimum offer of S$18.5 million, marketing agent ERA Realty Network announced on Tuesday. The price translates to around S$847 per square foot per plot ratio (psf ppr), or S$792 psf ppr inclusive of the 7 per cent bonus balcony area and estimated development charges of S$150,000. If the en bloc goes...

Laguna Park off Marine Parade Road has been relaunched for sale by tender with a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore announced on Monday. The 99-year leasehold private residential estate in the East Coast area was previously put up for collective sale in September 2018, after two attempts by owners of the development in 2007 and 2010. The reserve price of S$1.48...

The iconic Golden Mile Complex has been put up for collective sale for a second time. The reserve price for the property is S$800 million, said marketing agent Edmund Tie & Company on Wednesday (Mar 27). This is unchanged from the previous tender which closed on Jan 30 without any buyers. Completed in 1973, the signature step-terraced building located along Beach Road and Nicoll Highway is deemed to...

Centaline Singapore has today announced the launch for collective sale by tender of D’Grove Villas, a freehold high-rise residential redevelopment site strategically located within Singapore’s prime District 10 in the upscale Ardmore precinct. Located at 8A Orange Grove road, D’Grove Villas is a rare and exclusive 24-year-old development with an estimated site area of 50,400 sq ft. The development...