THE hilltop Olina Lodge was sold on April 20 for S$230.9 million, 5 per cent higher than the reserve price of S$220 million, to Peak Opal, a related company of Kheng Leong. The sale price works out to a land rate of S$1,712 per square foot per plot ratio. Development charge will not be payable … Continue reading Olina Lodge sold for S$230.9 million
Home owners are taking Singapore's latest en bloc craze to a new level, with mega developments - sitting on sites close to or over one million sq ft each - joining the bandwagon. Owners of Mandarin Gardens, a 99-year condominium on a one million sq ft plot off East Coast Park, have given the green … Continue reading Juggernaut sites take en bloc game to new level
Eunos Mansion , a freehold residential site bound by Jalan Eunos and Bedok Reservoir Road, has been put up for collective sale with a reserve price of $218 million. Two collective sales were launched for public tender yesterday, reflecting continued interest among property owners to sell en bloc. Eunos Mansion, a freehold residential site bound … Continue reading Two freehold sites selling en bloc
Two National University of Singapore experts discuss the impact of collective sales on the private housing market, including whether prices will continue to edge up. Prospective buyers at a condominium showroom. (TODAY file photo) SINGAPORE: 2017 has been a year of revival for the Singapore property market. A surge in transaction volume in the private … Continue reading Commentary: What happens when the en bloc musical chairs stop?
Oxley Holdings’ wholly-owned subsidiary Oxley Amethyst has exercised the option to purchase a cluster of properties along Balestier Road in Singapore for $38.0 million. Oxley on Tuesday after market close announced it is purchasing the properties known as 1, 3, 5, 7, 9, 7A, 9A and 11 Balestier Road from Owen Private Limited in an … Continue reading Oxley buys property along Balestier Road for $38 mil
Two more collective sale sites have hit the market - the freehold development of Kovan Lodge and Ampas Apartments. The owners of Kovan Lodge, which sits on 27,091 square feet of land, are asking for $43 million. Under the Urban Redevelopment Authority's Master Plan 2014, the site is zoned for residential use with a 1.4 … Continue reading Kovan Lodge, Ampas Apartments up for collective sale
Even the most optimistic property market observer would not have anticipated the collective sale frenzy that shook up the sector this year. Home owners in many estates were gripped by FOMO - fear of missing out, to those unfamiliar with social media-speak. The record-setting sums being paid by land-hungry developers at state tenders and collective … Continue reading Sellers sprint for pot of gold in double-quick time