Category: 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

THE collective sale of Vista Park in South Buona Vista Road has been awarded to Oxley Holdings at S$418 million, which works out to about S$1,096 per square foot per plot ratio (psf ppr), inclusive of an estimated S$72 million payable to the state to top up the site's lease to 99 years. The site … Continue reading Oxley Holdings awarded Vista Park collective sale at S$418m

It's third time lucky for the collective sale attempts by two private residential developments, Derby Court and Parkway Mansion. Both properties have been sold after two earlier unsuccessful forays into the collective sale market. RH Developments, a subsidiary of Roxy-Pacific Holdings, won the tender for Derby Court with a bid of $73.88 million, well above … Continue reading Derby Court, Parkway Mansion sold en bloc

The Cairnhill area in prime District 9 is turning into a collective sale hot spot with a third site about to hit the market in a little over two months. The latest candidate is Cairnhill Heights, a freehold private site in Cairnhill Rise that is a short drive from the Orchard Road shopping belt and … Continue reading Cairnhill Heights to launch collective sale bid

A developer run by property tycoon Robert Kuok has scooped up two collective sale sites in the upscale Bukit Timah area. Allgreen Properties acquired Royalville for $477.94 million or $1,960 per sq ft per plot ratio (psf ppr), well above the $368 million asking price, perhaps because the site is near the Sixth Avenue MRT … Continue reading Allgreen snaps up two collective sale sites

SINGAPORE: The revival of the en bloc market could bring about risks to the “sustainable conditions” in the local property market, said the Monetary Authority of Singapore (MAS) in its latest Financial Stability Review released on Thursday (Nov 30). Developers, potential buyers and lenders should “proceed cautiously” with a medium-term view of the market's supply-demand … Continue reading En bloc deals could ‘pose risks to sustainable conditions’ in property market: MAS