SINGAPORE – Ming Arcade, a freehold project completed in 1982, has been put up for sale by public tender. Exclusive marketing agent Savills Singapore said on Tuesday that they were “very confident that Ming Arcade will be sold for more than $140 million”. This works out to about $2,542 per sq ft per plot ratio.[…]
SINGAPORE – People’s Park Centre will take another stab at a $1.8 billion collective sale despite a failed attempt to sell at that price, which closed in August with no bids. The public tender launches on Tuesday. The previous tender had closed without any bids, and was followed by 10 weeks of private negotiations, with marketing agency[…]
SINGAPORE – Serene Centre, a prime mixed-use development at the corner of Bukit Timah Road and Farrer Road, will be launched for sale via tender for the first time on Friday at a reserve price of $120 million. Built in the 1980s, the freehold four-storey commercial/residential development in 10 Jalan Serene comprises 30 retail/F&B units,[…]
SINGAPORE – The heat is on for some ageing luxury leasehold condos in the Orchard Road area that are trying their luck at a collective sale. Horizon Towers in Leonie Hill relaunched a collective sale tender for a third time at the same $1.1 billion reserve price as before, even as prime District 10 condo Orchard[…]
SINGAPORE – The collective sale tender for People’s Park Centre in Chinatown closed Thursday (Aug 18) without any bids. A spokesman for its marketing agency, ERA Realty Network, told The Straits Times it will be initiating private negotiations with some developers in the next 10 weeks. The mixed-use development was launched for collective sale by[…]
SINGAPORE – Three Singapore developers are stepping up land banking via the collective sale market, with their latest tie-up being the acquisition of Park View Mansions in Yuan Ching Road for $260 million. Citing higher costs, construction delays due to labour shortage and supply disruptions, as well as macroeconomic uncertainties arising from the spike in inflation and[…]
SINGAPORE – Orchard Bel-Air condominium in prime Orchard Boulevard has jumped on the collective sale bandwagon with a public tender at a guide price of $587.5 million. If successful, owners of units ranging from 300 sq m to 303 sq m stand to receive about $8.1 million each, while the owner of the sole 605 sq m[…]
SINGAPORE – Euro-Asia Apartments, an 84-unit development in Serangoon Road, has been sold via a collective sale tender to an associated company of Singapore-listed property firm KSH Holdings for $222.18 million, above its guide price of $218 million. The associated company, KSH Ultra Unity, is also owned by H10 Holdings, an associate company of Ho Lee[…]
SINGAPORE (THE BUSINESS TIMES) – Meyer Park, a freehold seafront condominium development at 81 and 83 Meyer Road in Marine Parade, has been launched for collective sale at a reserve price of $420 million. This works out to a land rate of about $1,720 per square feet per plot ratio (psf ppr) after factoring in[…]
SINGAPORE – Entities related to developers Kingsford Group and MCC Singapore have raised their offer for leasehold condo Chuan Park to about $890 million, from their expression of interest (EOI) of $860 million in June. The Straits Times understands a sale and purchase agreement was signed last week with the collective sale committee (CSC) of the 446-unit[…]
SINGAPORE – When Mrs Lee Qing Qing heard about plans for the collective sale of People’s Park Centre, she saw it as a good opportunity to retire. The 68-year-old owner of two shops has been selling clothes and shoes at the mixed-use development in Chinatown since 1974. “Of course, I feel sad and sentimental, but[…]
SINGAPORE – The collective sale committee (CSC) of Chuan Park condominium, a 99-year leasehold project in Lorong Chuan, has received an expression of interest (EOI) from a developer for $860 million, below its reserve price of $938 million. Marketing agent ERA Realty, in a June 17 letter seen by The Straits Times, urged owners of the[…]
