Enbloc

Mandarin Gardens has failed in its en bloc attempt, about a month after raising its asking price to a record S$2.9 billion. The leasehold condominium managed to gather around 68 per cent of signatures as of Mar 24 when its collective sales agreement expired - about 12 per cent shy of the 80 per cent mandate required to launch a tender. In a message to owners on Sunday (Mar 24), the site's...

Sim Lim Square will be put up for collective sale, after securing the requisite agreement of at least 80 per cent of its owners. The mall, located on Rochor Canal Road, will go on sale at S$1.3 billion, its sales committee head Vikas Gupta told TODAY on Wednesday (March 20) evening. He disclosed that 80.82 per cent of owners by share value and 81.43 per cent of owners by strata area voted for the...

Braddell View will be launched for collective sale by public tender on March 27 at a reserve price of S$2.08 billion, after 80 per cent of its owners voted to put the property on the market. The development on Braddell Hill is the largest private residential site here, and was the largest of the 18 former Housing and Urban Development Company (HUDC) estates in Singapore, comprising 918 units of...

Casa Sophia in District 9 has relaunched for collective sale by private treaty on Monday, with a lower asking price of S$30 million. The project first launched with a reserve price of S$36 million or S$1,390 per square foot per plot ratio (psf ppr) in July 2018, shortly after the latest round of property cooling measures was announced. Most of the owners have since agreed to lower the reserve price...

Peace Centre/Peace Mansion (PCPM) at 1 Sophia Road has extended its collective sale tender closing date by three weeks on the basis that the property's owners are still awaiting approval from the relevant authorities for a lease top-up, and that developers would require more time to evaluate government land sale (GLS) sites currently available in the market. The tender closing date, previously...

The freehold Selegie Centre in prime District 7 has been sold en bloc at its reserve price of $120 million. This deal - the development's third attempt at a collective sale - is at a land rate of $1,942 per square foot per plot ratio (psf ppr). It means owners of the 84 sq m apartments there will reap about $1.7 million while shop owners can expect between $1 million and $12 million, depending on the...

Goodluck Garden's en bloc is still on after an appeal by dissenting owners was dismissed by the Court of Appeal on Thursday. This follows a lengthy dispute over the fate of the condo, which Qingjian Realty bought for S$610 million in March 2018. Some owners had registered objections leading to the Strata Titles Board (STB) issuing a stop order. It received the green light from the High Court in...

Kentish Green at 20 Oxford Road has been put up for collective sale with a S$200 million reserve price. Its owners had previously asked for at least S$230 million for the site. Similarly, owners of St Thomas Ville, located along 38 St Thomas Walk, are again eyeing at least S$58 million for the District 9 property. The 23-unit freehold property was up for sale in August 2018, but the tender was called...

After an arduous en bloc journey lasting years, Pine Grove is finally up for collective sale - with an asking price of S$1.86 billion. Given the size of the price tag and scale of the redevelopment - possibly yielding more than 2,000 units - the former HUDC project along Ulu Pandan Road will be a litmus test for developers' appetite for billion-dollar deals. Despite the more cautious mood in the en...

The owners of Peace Centre/ Peace Mansion have put the prime mixed development site at 1 Sophia Road up for tender again, with a reserve price of S$688 million, or about S$1,474 per square foot per plot ratio (psf ppr). Peace Centre/ Peace Mansion (PCPM) sits on a 76,617 square feet site, with a gross floor area of slightly over 600,000 sq ft. The property has 32 floors, with Peace Centre being a...