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Green Court in Geylang relaunched for en bloc

GREEN Court, a freehold mixed-use development along Geylang Road, has been relaunched for collective sale by tender. Owners expect more than S$28m. Under the Urban Redevelopment Authority’s 2019 Master Plan, the site is zoned part “Commercial” with a gross plot ratio (GPR) of 3.0, and part “Residential” with a GPR of 2.8. This allows redevelopment […]

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Casa Sophia finally sold en bloc for $29 million

Casa Sophia, a 12-unit freehold residential development located along Sophia Road, has been sold en bloc for $29 million. Including a development charge of around $2.2 million, the price works out to a land rate of $1,200 per sq ft per plot ratio (psf ppr). The site may be redeveloped into a 36-unit project with […]

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Sim Lim Square fails in 2nd collective sale bid

There were no bids at the close of its second tender on Dec 30 last year. This despite owners of the strata-titled mall keeping the reserve price unchanged at more than $1.25 billion but with the added sweetener of another 27 per cent of built-up space plus the possibility of lower development charges. Their first […]

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Queensway Shopping Centre’s en-bloc bid falls through

A bid to put the iconic Queensway Shopping Centre on the market has fallen through after a lukewarm response from owners — much to the relief of some shopkeepers. The proposed en-bloc sale is off the table. The adjoining Queensway Tower, a residential block, was also part of the proposal. The collective sales committee had […]

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Phoenix Road property in District 23 sold en bloc

A row of apartments and shops in Phoenix Road near Bukit Panjang has been sold en bloc for $42.6 million to CNQC Realty (Treasure), a subsidiary of developer Qingjian Realty (South Pacific) Group. The sale price is above the owners’ asking price of $42 million, and works out to an estimated land rate of $630 […]

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Braddell View collective sale

The attempted en-bloc sale of Braddell View, with a record S$2.08 billion reserve price, did not receive any bids in its public tender. A possible private treaty sale, where the price is negotiated directly between the sellers and buyer, will be explored over the next 10 weeks. – 30 May, 2019 Read Full Article at […]

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St Francis Court Up For En Bloc

St Francis Court, an 11-storey residential development at 90 Saint Francis Road, has been put up for collective sale with the owners expecting offers of $95 million. The 99-year leasehold property is nestled on a 34,111.12 sq ft site that has a gross plot ratio of 2.8 under the 2014 Master Plan. It is located […]

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Sim Lim Square announces en bloc at $1.25 billion

Sim Lim Square, Singapore’s well-known tech shopping mall on Rochor Canal Road, was yesterday put up for collective sale via public tender with a reserve price of $1.25 billion. Its 423 owners stand to receive between $488,000 and $67.5 million each if the sale is successful. – Apr 30, 2019 Read Full Article at https://www.asiaone.com/business/sim-lim-square-announces-en-bloc-125-billion

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Le Arc Apartment up for collective sale again

After a failed attempt last year, Le Arc Apartment at 6 Lorong 26 Geylang is once again up for collective sale. This time the owners expect a minimum offer of $18.5 million, down from their previous expectation of about $20 million to $22 million. – April 24, 2019 Read Full Article at https://www.propertyguru.com.sg/property-management-news/2019/4/179639/le-arc-apartment-up-for-collective-sale-again-at-18-5m

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With S$2.9 billion price tag, Mandarin Gardens en-bloc attempt fails

Mandarin Gardens has failed in its en-bloc attempt, weeks after owners raised their asking price to a record high of S$2.93 billion. The development was unable to obtain an 80 per cent consensus among its residents to put the land up for collective sale as of Sunday (March 24), when its collective sales agreement expired. […]

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Sim Lim Square set to launch en-bloc sale at S$1.3b

“Tech mecca” Sim Lim Square will be put up for collective sale, after securing the requisite agreement of at least 80 per cent of its owners. Analysts told TODAY before that capital may have shifted to commercial properties, away from residential ones, since the cooling measures imposed last July affects only residential redevelopments. Developers have […]

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Braddell View to go en bloc at $2.08b

Braddell View estate, Singapore’s largest private residential site, is set to be put up for en bloc sale with a reserve price of $2.08 billion. The price works out to a land rate of $1,199 psf per plot ratio (psf ppr), inclusive of the differential and lease top-up premium of about $795.1 million. Within walking […]

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Casa Sophia relaunched for en bloc sale at lower price

The 12-unit Casa Sophia has been relaunched for collective sale by private treaty, after most of the owners agreed to a lower asking price of $30 million or $1,158 psf per plot ratio (psf ppr). Situated within Mount Sophia, the freehold development occupies a 12,327.9 sq ft site zoned residential under the 2014 Master Plan, […]

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Mandarin Gardens raises asking price

The Collective Sale Committee (CSC) of Mandarin Gardens has again raised the development’s reserve price from $2.79 billion to a new record asking price of $2.927 billion. Last November, the CSC had increased the 1,006-unit development’s reserve price from $2.48 billion to $2.79 billion, after discovering that the 1.07 million sq ft site was undervalued […]

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Peace Mansion going for $688m in 5th en bloc attempt

Undeterred by four prior failed attempts, over 80% of the owners of Peace Centre / Peace Mansion (PCPM) have agreed to launch the development for collective sale again at a minimum price of $688 million, which translates to a land rate of around $1,474 psf per plot ratio (excluding bonus balcony space). “PCPM, with its […]

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Pine Grove tender a litmus test for en bloc appetite

Pine Grove, a former HUDC project at Ulu Pandan Road, is up for collective sale carrying an asking price of $1.86 billion, reported the Business Times. Despite the cautious mood in the collective sale market following the government’s introduction of additional property cooling measures last July, the asking price for the 660-unit privatized condo was […]

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Grange Heights relaunched

Grange Heights have decided to relaunch the collective sale tender for the freehold development along St. Thomas Walk despite the softer market. The reserve price remains unchanged from its second tender exercise in September at $820 million. Grange Heights occupies a 136,676 sq ft site zoned residential under the 2014 Master Plan with a gross […]

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Elizabeth Towers goes en bloc again for $610m

Elizabeth Towers, a freehold high-rise residential development off Orchard Road, has been relaunched for sale with a reserve price of $610 million. The price works out to a land rate of about $2,416 psf per plot ratio (psf ppr) based on its current gross floor area (GFA) of 23,452.286 sq m, revealed marketing agent Knight […]

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More than 30 en bloc bids fail to find buyers since cooling measures

More than 30 collective sales sites have failed to find successful bidders at the close of tender, following the latest round of cooling measures introduced in July. Around 15 en bloc projects have sought to lower their asking prices like Park View Mansions, Gilstead Mansion near the Novena area, Windy Heights condominium in Kembangan. Projects […]

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Beauty World Plaza up for sale at $165m

2 redevelopment sites – Beauty World Plaza and 409-419 Upper East Coast Road – have been launched for sale by tender, revealed marketing agent Knight Frank Singapore. Beauty World Plaza is right next to Beauty World MRT station and is within a 300-metre radius of schools, supermarkets, eateries and wet markets. Upper East Coast Road […]

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