The marketing agent for Tulip Garden, Colliers International, has quashed speculation that the S$906 million collective sale of the Farrer Road project has hit a speed bump. Colliers managing director Tang Wei Leng said: "There is no basis to the market speculation. The Tulip Garden collective sale is proceeding and we are working towards the completion of sale." There was market talk on the sale...
Tulip Garden has re-launched its collective sale, after its last unsuccessful tender exercise that closed in January this year. Credo Real Estate, which is handling the sale, said the owners of the 164-unit development are asking a minimum S$600 million, down from the previous price of S$650 million. Credo said the majority of the owners present at an extraordinary general meeting last month voted in...
Tulip Garden was set to be the third-largest en bloc sale in Singapore, with a reserve price of S$650 million. However, after the 31 March deadline, no developer has signed for the 164-unit Farrer Road condominium. Launched in December, the tender for the 316,708 sq ft property closed on 20 January. Three parties were believed to have expressed interest in the tender but no bids were submitted. Under...
Tulip Garden has been put up for collective sale. Credo Real Estate which is handling the sale said the owners of the 164-unit development, are asking for a minimum of S$650 million. This tender launch is the first large scale freehold en bloc sale offering, valued above S$500 million, in 3 years. Credo said if sold, Tulip Garden stands to be the third largest successful en bloc sale by deal value in...
Analysts point to bad timing for developer in 3 en bloc attempts ONE construction and property development firm, troubled by the cooling property market and credit crisis, has left three en bloc sellers’ hopes of a cash windfall in shambles - and some analysts wondering if it is a victim of circumstances, or a player that bit off more than it could chew. Since April 1, Bravo Building Construction has...
The enbloc sale of Tulip Garden, a freehold development in District 10, appears to be off. Tulip Garden was sold in July 2007 in a collective sale valued at S$516 million. The property is along the prime Holland Road and Farrer Road area. Channel NewsAsia understands that owners are now waiting to hear more details from the developer. Bravo Building Construction bought Tulip Garden at more than S$1,000 per...
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