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Major developers vie for Sengkang Central site

Singapore THE commercial and residential site at Sengkang Central drew interest from major developers that submitted seven bids at the tender closing on Thursday. Most of them joined forces in joint ventures for the government land sale (GLS) site, which was launched for sale via the dual envelope system. They include a joint bid from CapitaLand Singapore and City Developments Ltd (CDL), as well as from Wing Tai Holdings and Keppel Land.... ...more

Gloria Mansion at Pasir Panjang up for en bloc sale at S$79m

Singapore GLORIA Mansion at Pasir Panjang Road is hitting the market on Tuesday for S$79 million, the latest to hop on the collective sale train here. The freehold 12-storey, 31-unit hilltop apartment building is five minutes away from Haw Par Villa MRT Station and close to West Coast Highway and the Ayer Rajah Expressway. The reserve price of S$79 million translates to S$1,234 per square foot per plot ratio (psf ppr) based on its gross... ...more

Soilbuild bags Kemaman Point with S$143m bid

Singapore SOILBUILD Group Holdings has won the tender for the collective sale of Kemaman Point, a freehold 89-unit residential development along Balestier Road, with a bid of S$143.88 million. The marketing agent for the collective sale, Knight Frank, said each owner stands to receive between S$1.4 million and S$2.32 million. The sale of the property is subject to several conditions, including an order of the sale by the Strata Titles Board or... ...more

Lakeside Apartments owners ask for S$240m

Singapore LAKESIDE Apartments is now on the market with a reserve price of S$240 million, becoming the latest development to wade into the collective sale arena. With more than 80 per cent of the owners at the 134,176 sq ft site in the Jurong Lake District area having agreed to sell their units, the tender was launched on Tuesday. Each owner in the 120-unit development could get S$2 million. There are 58 years left on... ...more

Park House goes for record S$2,910 psf ppr

Singapore ORCHARD property Park House has fetched a record collective sale price of S$2,910 per sq ft per plot ratio, marketing agent CBRE said on Wednesday. The freehold District 10 development at 21 Orchard Boulevard sold for S$375.5 million. This translates to S$2,910 psf ppr on the maximum allowable gross floor area of 129,035 sq ft, excluding the 10 per cent bonus for balconies. This new benchmark price beats the previous peak of S$2,526 psf... ...more

Accor to manage EL Development hotel in Hill St

Singapore EL Development has signed a memorandum of understanding with Accor for the French hotel chain to manage a new hotel that the Singapore property developer will build in Hill Street. Accor will manage the hotel under its Pullman brand - this will be the first Pullman in Singapore, EL Development managing director Lim Yew Soon told The Business Times in a recent interview. "Singapore is one of the major cities left in Asia where... ...more

Three freehold plots up for sale

Singapore THREE freehold plots, two of which are in prime districts, have been launched for sale, adding to the buffet of choice sites that developers looking to grow their landbanks can pick from. Elizabeth Towers, the largest of the three, is a high-rise residential redevelopment in Mount Elizabeth in District 9 with a reserve price of S$610 million, which translates to a land rate of approximately S$2,416 per square foot per plot ratio. The... ...more

Katong Plaza to be put up for collective sale at S$188m

Singapore FREEHOLD Katong Plaza will be launched for collective sale on June 7, 2018, with a S$188 million expected price, sole marketing agent Huttons Asia said on Tuesday, with the public tender closing at 2pm on July 16. The expected price - of which 80 per cent goes to commercial owners and 20 per cent goes to residential owners - translates to S$1,969 per square foot per plot ratio (psf ppr) for the mixed development,... ...more