Topic of Interest: #Enbloc (1,132 Articles Found)

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Maxwell House relaunched for collective sale at $268 mil

Maxwell House, at 20 Maxwell Road, has been put up for collective sale for the second time at a lower reserve price of $268 million, a drop from its previous reserve price of $295 million, according to C&W.…

Rekindling of residential en bloc sales in 2021?

The last residential en bloc sales boom from 2017 to mid-2018 remains fresh in our minds, so it may be a surprise to many to hear of a possible revival in this market after only a few short…

How do the new EGM rules for en-bloc affect you? (it’s bigger than you think)

Starting in Jan this year, the Land Titles (Strata) Act (LTSA) saw a small but important amendment: a limit to the number of proxy voters during en-bloc sales. This will forever change the nature of EGMs for collective…

New rule to get owners to take part in EGMs for sales en bloc timely, but could do more to rein in proxy abuse

A new regulation that aims to encourage owners to participate in general meetings for collective sales and minimise the risk of proxy abuse is seen as timely, now that activity is revving up, observers say. Amendments to the…

SERS: What is it, where has it happened, and what are your odds?

The SERS is often considered the next big “HDB lottery winner”, next to a central region BTO flat. In fact, one of the reasons many Singaporeans want a central region flat is because they believe there’s a higher…

En bloc fever making cautious comeback in Singapore

En bloc fever last swept Singapore in 2016 before the 2018 cooling measures effectively doused it, but the heat is building up again, with at least 10 projects launched for sale since the start of the year. More…

Why ABSD for developers needs to be tweaked and how it affects you as a home buyer

Most home buyers are familiar with the concept of ABSD as it applies to them. What’s less commonly known is that property developers also have to pay ABSD, and this added tax shapes multiple decisions. From the way…

Where have all the land buyers gone?

While the entire country went into recession in 2020, the private residential market in Singapore continued chugging right along, seemingly immune to the economic fallout of the Covid-19 pandemic. In 2020, transaction volumes in both the pri and…

Condominium and serviced apartment tower on Devonshire Rd put on market

Two residential properties along Devonshire Rd have been put up for sale – The Bayron, a condominium, and Devonshire Apartment. The guide prices for the two developments, which are next to each other, are S$376 million for The…

Kai Fook Mansion in Tiong Bahru launched for collective sale at S$123m

Kai Fook Mansion, a property sitting on a 999-year leasehold site measuring 15,896 sqft, has been put up for collective sale through public tender by Huttons Asia. The asking price is $123 million. The property is zoned for…

Amara Holdings buys Surrey Point for $47.8 mil

Amara Holdings has entered into an agreement to acquire Surrey Point, a freehold 10-storey apartment block at a purchase price of $47.8 million, or $1,332 psf based on maximum allowable GFA. The development consists of nine residential units…

Fortune Park up for collective sale from $115 mil

Fortune Park, a freehold 10-storey residential block at 109 Tampines Road, will be up for collective sale through public tender by ERA at an indicative price of $115 million to $118 million. The DC is not payable because…

The last tranche of “En-bloc Fever” homes from 2017: Here’s how they’ve performed so far

You may recall that a few weeks back, we mentioned there’s a chance of a new en-bloc surge in 2021. This is because the last tranche of en-bloc purchases from 2017 will be completed by this year or…

URA changes development charges: What does it mean to property buyers?

For most home buyers, DC are not something we’d consider important. This is something the property developers pay for, right? But long-time investors and market watchers know better – not only are developer costs ultimately passed down in…

2, 4 and 6 Mount Emily Road collectively sold for $18 mil

Three adjoining three-storey residential buildings at 2, 4 and 6 Mount Emily Road have been sold via a collective sale to ZACD Intl at $18 million. It is the first collective sale of the year. The freehold properties…

Dublin Lodge on sale for $67.55mil

The owners of Dublin Lodge, a two-storey residential development along Dublin Road, off Killiney Road, have put the freehold development for sale, expecting offers above their $67.55 million reserve price, revealed Knight Frank. This works out to 2,500…

Queen Astrid Gardens relaunched at $123.8 mil

Queen Astrid Gardens, a four-storey residential development, has been relaunched for sale at a reserve price of $123.8 million ($1,989 psf on land area). Knight Frank is representing the interests of the owners of Queen Astrid Gardens via…

Six apartments at Marshall Road on auction at collective guide price of $12 mil

Six 3-bedroom apartments in a three-storey block at 118 and 120 Marshall Road will be auctioned collectively by Edmund Tie on Feb 24. It is an owners’ sale where the individual owners of the six units, ranging from…

Buying 4 reasons why resale condos may be more popular in 2021

2020 was dominated by a slew of new condo launches. If you were listening to the radio or browsing property portals, there wouldn’t be a single day where you wouldn’t come across two or three ads – minimum…

Jansen Mansions in Kovan up for collective sale at $19.8 mil

The owners of a 999-year leasehold development called Jansen Mansions in Kovan have put up their property for sale at a reserve price of $19.8 million. The development will be put up for collective sale in a public…

En bloc deals may be back in play as developers run down landbanks

Over half the developers here are keen to replenish their landbank, with the en bloc market likely to garner more interest in the first half of this year, according to a survey. However, smaller residential sites yielding 100…

Three adjoining mixed development sites near Botanic Gardens for collective sale at $62.5 mil

Three adjoining, mixed-use redevelopment sites near the Botanic Gardens MRT Interchange Stations — 551 to 553 Bukit Timah Road, 6 to 8 Duke Road and a driveway — have been put up for sale by tender. All the…

3 former HUDC estates: How are they doing now?

In 2017, Singapore saw the end of the HUDC scheme. That was when Braddell View, the last of the remaining HUDC estates, was privatised. In that same year, no less than four HUDC estates went en-bloc; a development…

What you need to know about en-bloc sales in 2021

1) Limited supply of land in limited places – For 1H 2021, there are only three confirmed residential sites. So coupled with the healthy uptick in transaction volumes, we do expect more collective sale interest in the coming…

Three freehold residential buildings at Mount Emily Road for sale at $18 mil

Three freehold residential buildings at 2, 4 and 6 Mount Emily Road will be up for sale from Tues, Jan 19, at a guide price of $18 million, or $1,115 psf on the existing GFA. The portfolio comprises…

Proxy restrictions at en bloc sales meetings to take effect from Jan 18: MinLaw

Starting Jan 18, 2021, amendments to the Second Schedule of the LTSA to restrict the number of owners a proxy can represent at general meetings for en bloc sales will come into force. The move aims to encourage…

High Street Plaza near Singapore River launched for collective sale at S$239m

Mixed-use tower High Street Plaza was put on the market on Wed for collective sale via public tender. The reserve price for the 999-year leasehold building is S$239 million, ERA said. Located at 77 High St, the 11-storey…

Residential collective sales: A ripple or a wave?

Four collective sale sites sold for a total of $103.7 million last year seems meagre, when compared with the $489.9 million transacted in 2019 or the $10.84 billion achieved in 2018. However, signs are pointing to “a possible…

Look Ahead 2021: Defying a pandemic-induced downturn, property market set for more gains

1) Private residential market to remain buoyant – Demand and property prices did not dip as they normally do in a recession this time round as the employment rate was kept high with the Government’s speedy roll-out of…

Boldtek Holdings subsidiary to purchase residential property at No. 8 Lorong 25A Geylang Road for $26.5 mil

Boldtek Investment, a wholly-owned subsidiary of Boldtek Holdings has made an offer to purchase on an en bloc basis, a residential property located at No. 8 Lorong 25A Geylang Road for a sum of $26.5 million. NNB 8…

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