Enbloc

Pine Grove launches collective sale at reserve price of S$1.86b

Pine Grove will launch on Tuesday the long-awaited collective sale for the 660-unit condominium located in the Holland Road cluster at a reserve price of S$1.86 billion. The collective sale's reserve price translates to a land rate of S$1,307 per sq ft per plot ratio (psf ppr), after factoring in differential and lease upgrade premiums payable on a maximum permissible gross floor area of about...

Margate Point in second collective sale attempt

A 15-unit apartment development at Margate Road in Katong is making a second en-bloc sale attempt. About 70 per cent of owners of Margate Point have agreed to lower the reserve price to S$36.5 million from S$38 million, said marketing agent JLL on Wednesday. Margate Point is located off Meyer Road and Mountbatten Road, and has a land area of about 12,800 square feet. It is zoned residential with an...

Elizabeth Towers up for sale by tender with S$610m reserve price

Elizabeth Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been launched for sale by tender by marketing agent Knight Frank Singapore. The development with a reserve price of S$610 million, comprises two residential blocks of 80 apartment and maisonette units, sized between 185 square metres (sq m) and 417 sq m. This translates to a land rate of about S$2,416 psf ppr...

Sultan Plaza launches collective sale with reserve price of S$380m

Owners of the Sultan Plaza commercial building along Jalan Sultan have launched a public tender for a collective sale with a reserve price of S$380 million. The 99-year leasehold development, which was built in the 1970s sits on 52,471 square feet (sq ft) of land. The maximum permissible gross floor area can be redeveloped to 283,803 sq ft, referenced against the 5.30 gross plot ratio of neighbouring...

Newton Lodge up for collective sale with S$44m lowest price

The owners of Newton Lodge, a 16-unit apartment block at Newton Road, have put their freehold 21,409 square foot site up for tender at a minimum price of S$44 million. This translates to a land rate of S$1,468 per sq ft per plot ratio (psf ppr) at a 1.4 gross plot ratio, said the property's sole marketing agent JLL. Factoring in an additional 8 per cent bonus gross floor area for balconies and communal...

HighPoint jostles for District 9 en bloc deal

Prime freehold site HighPoint has been launched for collective sale for S$550 million, joining other District 9 developments jockeying for sale. The property, which was completed in 1974, sits on a cul-de-sac plot of approximately 47,606 sq ft on Mount Elizabeth Road. In the Urban Redevelopment Authority's Masterplan 2014, the site is zoned as "residential" with a height control of up to 36...

Realty Centre going for S$165m in year’s first commercial en bloc

Realty Centre, an office building located at 15 Enggor Street within the Central Business District, has been put up for collective sale with a reserve price of S$165 million, marketing agent Cushman & Wakefield said on Monday. The freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet, is zoned for commercial use under the Urban Redevelopment Authority’s 2014 Master...

Realty Centre in Tanjong Pagar going for S$165m in year’s first commercial en bloc sale

Realty Centre, an office building located at 15 Enggor Street within the Central Business District, has been put up for collective sale with a reserve price of S$165 million, marketing agent Cushman & Wakefield said on Monday. The freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet, is zoned for commerical use under the Urban Redevelopment Authority's 2014...

HighPoint in Mount Elizabeth Road up for collective sale with S$550m guide price

HighPoint, an apartment complex located in 30 Mount Elizabeth Road has been listed for collective sale through public tender with a guide price of S$550 million, the marketing agent for the tender CBRE said on Monday. More than 80 per cent of the owners of the building - comprising 57 apartments and two penthouses - have signed the collective sale agreement. The freehold site, located on a cul-de-sac...

Flynn Park, Choon Kim House have second go at en bloc sale

The freehold 72-unit Flynn Park, off Pasir Panjang Road, has a minimum price of S$363.8 million. Following the July cooling measures, owners have been collecting signatures to get an 80 per cent mandate to lower the reserve price to S$325 million; they are at 75 per cent now. After factoring in an estimated development charge of about S$24.5 million, the original reserve price translates to S$1,331...

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