Hong Kong-listed Shun Tak Holdings has reportedly withdrawn from the collective sale deal for High Point condominium, less than a month after it announced the acquisition. The Business Times reported yesterday that Shun Tak is understood to have forfeited its $1 million tender deposit. The cancelled deal could possibly be the first casualty of the[…]
Offers for collective sale hopeful Lakepoint Condominium fell short of its reserve price as developers start to move more cautiously in the light of new cooling measures. The tender has closed and a private treaty negotiation process is in progress, PropNex Realty said in a statement on Wednesday. The 99-year leasehold development was launched for[…]
SINGAPORE (THE BUSINESS TIMES) – As more ageing properties in Singapore are trying again to go en bloc, the Sultan Plaza commercial building and the City Plaza mall may be next in line. If their collective sale tenders are launched, the reserve prices could be slashed to $360 million for Sultan Plaza in the Beach[…]
SINGAPORE – Tanglin Shopping Centre, one of Orchard Road’s oldest retail landmarks, is making its fourth collective sale attempt at $828 million. The guide price works out to $2,642 per square foot per plot ratio (psf ppr) based on the gross floor area (GFA) of 313,435 sq ft, and assuming full commercial usage. According to marketing[…]
SINGAPORE – A group involving several Singapore-listed companies has made a successful $650 million offer for Peace Centre/Peace Mansion in a private treaty deal following the close of its collective sale tender earlier this year, the companies announced on Friday (Dec 3). The group comprises Chip Eng Seng, a SingHaiyi joint venture and Ultra Infinity,[…]
SINGAPORE (THE BUSINESS TIMES) – Chuan Park condominium has closed its tender and is currently “in a private treaty negotiation process”, said appointed marketing agent ERA. An ERA spokesman told The Business Times that the condo had received some interest from developers. However, he did not confirm whether any bid was received. ERA added that[…]
SINGAPORE – The iconic Golden Mile Complex at Beach Road, which was gazetted as a conserved building in October, is up for collective sale again at the same reserve price of $800 million after its last attempt ended with no bids. The 16-storey building with 718 strata-titled units has 47 years left on its lease. Its owners[…]
SINGAPORE (THE BUSINESS TIMES) – Elizabeth Towers at Mount Elizabeth in Orchard Road has been put up for collective sale, with a reserve price of S$630 million. The freehold residential site occupies a rare corner plot with a site area of 54,317.9 sq ft, according to sole marketing agent Edmund Tie & Company’s press statement on Nov 22.[…]
SINGAPORE – Local developer Hoi Hup Realty and Malaysian conglomerate Sunway have acquired two freehold land parcels in Singapore’s prime District 15 for $815 million. The parcels are part of an extensive residential development site, the largest sold since the July 2018 cooling measures, noted Savills Singapore, which brokered the deal. The deal represents the[…]
SINGAPORE – Thomson View Condominium is up for collective sale via public tender at a reserve price of $950 million, after securing an 80 per cent mandate from its owners in just six months despite Covid-19-related disruptions. Potentially the largest residential collective sale effort here by quantum so far this year, the asking price translates[…]
SINGAPORE – The owners of the 43-unit Ampas Apartment will have to refund a $4.75 million deposit that a unit of Oxley Holdings had paid for in an en bloc sale that it later called off. The High Court on Friday (Nov 5) dismissed a suit brought against Oxley Jasper by 42 of the 43[…]
SINGAPORE – International Plaza’s proposal for a 62-storey mixed-use project, including a 368-room hotel, in Tanjong Pagar has hit a roadblock after the authorities rejected an outline application for its proposed redevelopment under the Central Business District (CBD) Incentive Scheme. This came after the Urban Redevelopment Authority (URA) found that the 50-storey property “currently has[…]
