The Housing Board is the latest agency to embrace digital disruption with a revamped portal that can halve the resale flat transaction time to eight weeks. This will no doubt benefit savvy buyers or sellers, who will have a more user-friendly platform to take them through the resale process from start to finish when it … Continue reading HDB’s portal signals change
Property News
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
Former Zouk site put on sale at $689.35m minimum price
The prime site along the Singapore River formerly occupied by popular nightspot Zouk has been put on the market at a minimum price of $689.35 million. The 99-year leasehold plot in Jiak Kim Street is expected to produce a new record for Government Land Sales (GLS) sites in terms of the land rate. Property experts … Continue reading Former Zouk site put on sale at $689.35m minimum price
HDB to halve time taken for resale transactions
The time it takes to buy or sell a resale flat will be cut from 16 weeks to about eight from next year, with a revamped HDB resale portal. Part of the country's Smart Nation push, the upgraded portal will also reduce the number of appointments needed to complete a deal from two to one, … Continue reading HDB to halve time taken for resale transactions
Leonie Gardens to try to sell estate en bloc
It's almost a case now of another day, another estate sold en bloc. The latest to join the fray looks like Leonie Gardens in Leonie Hill, which is off Grange and River Valley roads. The upmarket condominium has made a move for its first collective sale attempt with the formation of a sales committee. However, … Continue reading Leonie Gardens to try to sell estate en bloc
Two more condos move closer to selling en bloc
The collective sale fever rages on, with another estate ready to chance its arm while freehold Royalville condominium in plush Bukit Timah hit the market yesterday. The new candidate is the Cashew Heights condominium in Upper Bukit Timah Road, whose owners formed a sales committee, albeit on their third try. The 999-year leasehold development, which … Continue reading Two more condos move closer to selling en bloc
Sim Lim Square forms committee in first attempt
Sim Lim Square, Singapore's gadget central, has taken the first step in its maiden collective sale attempt, with the formation of a sales committee. The six-storey mall in Rochor Canal Road is trying for a collective sale amid declining footfall in recent years, industry observers say. Part of that is due to the unsavoury headlines … Continue reading Sim Lim Square forms committee in first attempt
Braddell View gets closer to kick-starting process
Former HUDC estate Braddell View is one step closer to jumping on the collective sale bandwagon. Mr Alex Teo, chairman of the Management Corporation Strata Title, told The Straits Times yesterday that 493 voted on Tuesday in support of forming the collective sales committee to kick-start the process, while 28 voted against. An owner at … Continue reading Braddell View gets closer to kick-starting process
Ivory Heights guns for $1.3b as it seeks sale approval
Privatised HUDC estate Ivory Heights may soon go on the market after winning initial backing for a collective sale. The sale committee is making a push to secure backing from the required 80 per cent of home owners, with a whopping $1.34 billion price in its sights. This would match the record overall price paid … Continue reading Ivory Heights guns for $1.3b as it seeks sale approval
Two mixed-use sites launch collective sales
Collective sale fever is gaining steam by the day, with two freehold mixed-use projects joining the fray. Industry watchers said that while collective sales for such projects are relatively rare, as always, location and price will be key. Jalan Besar Plaza in Kitchener Road is making its third collective sale bid, with a guide price … Continue reading Two mixed-use sites launch collective sales
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