It is a case of third time lucky for owners at How Sun Park after they finally sold their estate en-bloc - reaping a knockout price in the process. A unit of the SingHaiyi Group is paying $81.09 million for the freehold estate comprising a three-storey development of 20 townhouses. Owners will get about $4.05 … Continue reading How Sun Park sold en bloc for $81.09m on third try
Category: En bloc
Mayfair Gardens sold en bloc to Oxley Holdings for $311m
The collective sale market continues to thrive, with the latest being Mayfair Gardens, snapped up by listed property developer Oxley Holdings for $311 million. The reserve price was $265 million. Each owner stands to collect a gross sale price of around $1.7 million to $2.89 million once the deal goes through successfully. The private residential … Continue reading Mayfair Gardens sold en bloc to Oxley Holdings for $311m
Vista Park eyes $350m in collective sale tender
Collective sale fever has gone through the roof this week with Vista Park condominium launching a tender yesterday, joining four other candidates trying to sell en bloc in recent days. Vista Park owners are eyeing at least $350 million, which means each unit owner could pocket $1.16 million to $3.5 million - a premium of … Continue reading Vista Park eyes $350m in collective sale tender
Collective sale fever: Spotlight on decaying home leases
Collective sales have a way of making property owners, other than those getting a windfall, envious. This is especially so in a boom like the current one for houses sold en bloc. These days, besides envy, owners of ageing apartments - whether private or public - may also feel a tinge of anxiety if the … Continue reading Collective sale fever: Spotlight on decaying home leases
More estates get in on collective sale action
Pearlbank Apartments, the familiar building in Outram shaped like a horseshoe, will go on the market in two weeks. There will be much interest in Pearlbank among developers given the estate's location near Pearl's Hill City Park, Outram Park MRT station and the Central Expressway, as well as its potential as a redevelopment site.PHOTO: COLLIERS … Continue reading More estates get in on collective sale action
11 Balmoral Rd up for collective sale for $75m asking price
Yet another residential development has been launched for a collective sale, this time at 11 Balmoral Road. All owners of the 17-unit freehold development in prime district 10 have given their approval for the sale. The sole marketing agent, JLL, said that owners are asking for $75 million, which translates to an estimated land rate … Continue reading 11 Balmoral Rd up for collective sale for $75m asking price
URA’s request for en bloc tender details intrigues market
SINGAPORE (THE BUSINESS TIMES) - The Urban Redevelopment Authority (URA) is seeking detailed information on the tender results of private-sector en bloc sales from marketing agents, including the names of all bidders and their bid prices. Some market watchers think it may be gathering information with which to formulate the Government Land Sales (GLS) Programme for the … Continue reading URA’s request for en bloc tender details intrigues market
Dunearn Court sold; Mayfair Gardens up for sale
Dunearn Court in prime District 11 has been sold for $36.3 million while Mayfair Gardens has been put up for collective sale. Each owner at the 12-unit Dunearn Court will get about $2.91 million to $3.12 million, which works out to around $2,004 per sq ft (psf) to $2,140 psf. The 19,203 sq ft freehold … Continue reading Dunearn Court sold; Mayfair Gardens up for sale
Mayfair Gardens in collective sale bid
Mayfair Gardens, a residential redevelopment site off Dunearn Road in Bukit Timah, is being launched for collective sale on Monday with a reserve price of S$265 million. This translates to a land rate of S$1,058 per square foot per plot ratio (psf ppr), including an additional lease top-up premium of S$43.7 million payable to the … Continue reading Mayfair Gardens in collective sale bid
Florence Regency closes collective sale for $629m
Florence Regency has finally closed a collective sale under private treaty after Chinese developer Logan Property (Singapore) agreed to match the independent valuation of $629 million for the property in Hougang Avenue 2. Each owner will receive gross proceeds of between $1.84 million and $1.89 million. Owners of the 336-unit former HUDC estate had earlier … Continue reading Florence Regency closes collective sale for $629m
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