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...
Former HUDC estate Laguna Park has been put up for collective sale at a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore said on Monday (Sep 17). This is the third time owners of the development at Marine Parade Road are attempting an en bloc sale, after two earlier shots in 2007 and 2010. The 99-year leasehold development was built in 1978 and comprises seven blocks of 506...
Laguna Park at Marine Parade Road is up for collective sale with a reserve price of S$1.25 billion. Together with Henry Park Apartments, which is also up for collective sale at between S$170 million and S$180 million, the total value of properties that have come up for sale in October has hit close to S$5 billion. With over 10 sites now available for sale, developers appear to be spoilt for...
The tender for the collective sale of Laguna Park has closed with no confirmation of a buyer. Its marketing agent Knight Frank declined to elaborate if any bids were received in the tender, or if the bids matched its reserve price. But Mr Nicholas Wong, executive director of Investment at Knight Frank said that it is, "in the process of negotiating with an interested party". The marketing agent has...
Pine Grove and Laguna Park (picture) are currently the two most expensive en bloc properties up for sale, costing about S$1.7 billion and S$1.33 billion respectively. But analysts said Laguna Park's sea view frontage along Marine Parade Road and its rectangle-shaped land plot put it in a more advantageous position over Pine Grove in terms of attracting potential developers to bid for the sites. They...
Laguna Park, a residential redevelopment site in District 15, is up for en bloc sale at an expected price of S$1.33 billion. This is the second time the 33-year-old development has been put up for sale, with a previous attempt in October 2009. Sole marketing agent Knight Frank said the prime leasehold site is located along Marine Parade Road and has a land area of nearly 63,000 square metres. The land...
Laguna Park residents will be pocketing about S$2.2 million each from the successful sale of the property, which will be put up for tender on May 24. With a plot ratio of 2.8, Laguna Park's price works out to S$975 per square foot per plot ratio. The 528 unit, 677,493 square feet property is attempting a second collective sale attempt with Knight Frank as its sole marketing agent. Knight Frank said the...
Residents at Laguna Park condominium in Marine Parade are giving the en bloc sale process a second try. A new 10-member sales committee comprising eight new members has been set up. At an extraordinary general meeting held on Sunday, some residents voiced confidence that a sale can be completed in three to six months, while others reportedly raised concerns about the recent changes in the Land Titles...
Home owners at the Laguna Park condominium in Marine Parade are now faced with the choice of selling their homes at an average of 20 per cent lower than their initial asking price. This comes after a failed tender earlier this month. Then, the site received a bid from an Indonesian-owned, locally incorporated company of S$1.728 billion, but a downpayment could not be made in time. Since then, the...
Owners of units in Laguna Park, whose tender closed unsuccessfully on Friday, are now considering selling at a lower price. The new price is said to be between S$950 million and S$1 billion. The development's marketing agent Credo said residents are likely to receive letters advising on the situation in the next two or three days. Earlier, many property analysts said Laguna Park's initial S$1.2 billion...
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