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 – 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[…]
SINGAPORE (THE BUSINESS TIMES) – Freehold residential property Elizabeth Towers is up for collective sale again via public tender with a reserve price of $630 million, said sole marketing agent Edmund Tie & Company on Monday (June 13). The property was previously put up for sale at the same price in November 2021. Located at 12 and[…]
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[…]
SINGAPORE – Singapore’s collective sale market appears to be heating up, with at least two freehold residential properties renewing their bids to sell en bloc, as developers look to increase their landbanks amid robust sales at new launches. Euro-Asia Apartments, an 84-unit development in Serangoon Road, was put up for collective sale via public tender at[…]
SINGAPORE – Commercial building Sultan Plaza is trying its luck at a $360 million collective sale for a second time. The 45-year-old property will be relaunched on May 31 at the same reserve price, after a previous tender closed on March 3 with no buyers. Its first en bloc attempt in 2019 was at $380 million. Marketing agent[…]
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.[…]
SINGAPORE (THE BUSINESS TIMES) – Thomson View Condominium is up for collective sale again via public tender, with a guide price of $950 million, said exclusive marketing agent OrangeTee Advisory on Wednesday (May 11). The condominium was put up for sale at the same price in November last year, but the relaunch was unsuccessful amid market cooling[…]
