A row of apartments with commercial shops in Phoenix Road, Bukit Panjang will be put up for collective sale via public tender tomorrow for $42 million. It marks the first time the owners are embarking on a collective sale. The asking price translates to a land rate of $617 per square foot per plot ratio[…]
The owners of Beauty World Plaza are putting up the retail and residential development for tender with a reserve price of $165 million, marketing agent Knight Frank Singapore said yesterday. The 2,305.6 sq m site in Upper Bukit Timah comprises a single block with 61 retail and 30 residential units. Under the Urban Redevelopment Authority’s[…]
Freehold Golden Wall Centre near Little India has been sold in a collective sale deal for $276.2 million to a unit owned by the firm that runs the Hotel 81 chain. The winning bid from the Worldwide Hotels unit was about 6 per cent above the reserve price of $260 million and came in at[…]
The High Court has given the green light to the $610 million collective sale of Goodluck Garden, but also criticised managing agent Knight Frank, the condo’s collective sale committee and its lawyers for the way they handled the transaction. Owners of the 210-unit freehold residential development in Toh Tuck Road in Upper Bukit Timah went[…]
Consultant architect suggests new uses for building even as it goes up for collective sale A hotel or co-working space could be some of the possible new uses of Golden Mile Complex, which is being studied for conservation, even as it waits for a buyer. In an interview with The Straits Times, DP Architects director[…]
In a collective sale of private homes, residents who oppose it will still have to pay any seller’s stamp duty that applies to them, Second Minister for Finance Lawrence Wong said in Parliament yesterday. “If the sale occurs within the holding period, the seller’s stamp duty is applied, regardless of whether an individual owner consented[…]
In lawsuit, she claims owner agreed to sell at $1.23m but later refused to complete the deal A woman seeking to enforce her claim to acquire a $1.23 million apartment unit against an owner who disputes the sale has thrown up an unusual case in court. The unit in Pearl Bank Apartments in Outram is[…]
Tanjong Pagar development looking to launch sale in excess of $2.6 billion – a potential record International Plaza in Tanjong Pagar, one of Singapore’s biggest integrated developments built in the 1970s, is looking to launch a collective sale in excess of $2.6 billion – potentially the biggest in the country. The 50-storey leasehold commercial-cum-residential building,[…]
Gilstead Mansion has been relaunched for collective sale at $65 million, or $3 million less than its guide price in June, as owners hope to beat the chill of July’s cooling measures and the clock. From early next year, new guidelines on the maximum number of units allowed in new private and condominium projects outside[…]
The Spanish Village condominium in Farrer Road has been put up for collective sale for the second time in recent months, with no change to its $882 million guide price. The 226-unit freehold property in affluent District 10 made its first attempt to sell en bloc in June but had no takers. Mr Tan Chun[…]
While such deals remain strong, more sites have been unable to find buyers, analysts say Even before new rules to raise the minimum average unit size for condominium and private apartment projects outside the central area were announced last Wednesday, the collective-sale fever was abating for larger sites, as owners at Chuan Park condo know[…]
The collective sale committee (CSC) of Pine Grove has raised its reserve price to $1.86 billion from $1.72 billion in a last-minute bid to secure the 80 per cent mandate to launch a public tender, even as developers turned cautious after the recent cooling measures. The move came after “pressure and petitions from a small[…]