Chuan Park sold for $890m in biggest en bloc deal since Tulip Garden

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[…]

Chuan Park gets $860m offer, below $938m en bloc reserve price

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[…]

Lakepoint condo $640m collective sale attempt ends again with no takers

SINGAPORE (THE BUSINESS TIMES) – Lakepoint Condominium closed its collective sale tender without bids and is now entering into private treaty negotiations with interested parties, said exclusive marketing agency PropNex Realty in a statement on Wednesday (June 8). This was the latest sale attempt by the owners of the 99-year leasehold Jurong condominium. The previous[…]

Lakeside Apartments sold en bloc for $273.89m, 14% above reserve price

SINGAPORE – Lakeside Apartments at 9E and 9F Yuan Ching Road has hit the collective sale jackpot of $273.89 million, 14 per cent above its $240 million reserve price, on its second attempt. The 120-unit, 99-year leasehold project located near Jurong Lake Gardens and the Jurong Lake District was sold to Winville Investment, a subsidiary of Singapore-listed Wing Tai Holdings.[…]