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Kingsley Mansion en bloc at reserve price of S$45.5m

Singapore THE owners of Kingsley Mansion are launching a collective sale by tender for the 18-unit condominium in the Balestier area with a reserve price of S$45.5 million. The tender will launch on Tuesday and close at 3pm on Sept 13. The reserve price for the 14,350 square foot freehold site translates to a land rate of S$1,132 per sq ft per plot ratio (psf ppr), with no development charge payable on its gross plot... ...more

Boustead Singapore Q1 net profit quadruples

Singapore BOOSTED by better operating performance and sizeable other gains, infrastructure engineering company Boustead Singapore Limited reported a quadrupled net profit of S$12.2 million for its fiscal first quarter ended June 30, from S$2.9 million from a year ago. Revenue rose 18 per cent from S$90.3 million to S$107 million. The group noted that as its revenue is largely derived from project-oriented businesses, quarterly results would not... ...more

The Regalia up for en bloc sale at S$403m

Singapore THE Regalia, a freehold condo located at 2 River Valley Close, has been put up for public tender. Located in prime District 9, The Regalia sits on a freehold site of about 63,371 sq ft and commands "prominent corner dual road frontages" of about 150 metres along River Valley Close and River Valley Road, according to CBRE, the exclusive and sole marketing agent for The Regalia. The Regalia has an en bloc guide price... ...more

Freehold St Thomas Ville targets bids of more than S$58m in collective sale

Singapore OWNERS of St Thomas Ville, located along 38 St Thomas Walk, are eyeing bids in excess of S$58 million for their District 9 property in a collective sale. Over 80 per cent of the owners have consented to the sale, said sole marketing agent JLL in a media release on Monday. The freehold 12-storey site just off River Valley Road comprises 23 apartments built on a regular shaped plot. The 11,407 square foot site... ...more

The Tre Ver sells over 140 of 200 units in first 3 hours of launch

Singapore MORE than 140 units of The Tre Ver, a new 99-year leasehold condominium in Potong Pasir, were sold within the first three hours of its launch on Saturday. The sales represent over 70 per cent of the 200 units released in Phase 1. The project, designed by Woha Architects, is developed by UVD (Projects), a 50:50 joint venture between UOL group and United Industrial Corporation (UIC). Jesline Goh, senior general manager for asset... ...more

Tech drive for built environment industry

Companies can soon take part in a crowd-sourcing programme to test new ideas and improve Housing Board estates. This is one of two new ways the Ministry of National Development is encouraging more technology for the built environment sector, its minister Lawrence Wong announced yesterday. The other is an accelerator programme for start-ups and companies in the sector. Noting the pressures of global warming, rising sea levels and land... ...more

URA nod for 4,107 units at Tampines Court, Normanton Park

Singapore THE Urban Redevelopment Authority (URA) granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through collective sales. Sim Lian won URA's provisional nod in June to develop a 2,225-unit condo on the Tampines Court site. In the same month, Kingsford Huray Development was granted approval for a 1,882-unit project on... ...more

Fragrant Gardens seeks S$65m reserve price

Singapore FRAGRANT Gardens is the latest to launch its en bloc tender, as the property market holds its breath for the first successful collective sale since cooling measures came into effect in early July. At a S$65 million reserve price, owners of the 37-unit freehold development, which spans 38,576 sq ft, could net S$1.3 million to S$2.69 million should they succeed. This translates to a land rate of approximately S$1,204 per square foot per... ...more