Topic of Interest: #Enbloc (1,109 Articles Found)

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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…

Three adjacent landed houses in Telok Kurau sold for $23.6 mil

Three adjacent freehold landed houses at Lorong N Telok Kurau have been sold via collective sale for $23.6 million to Baywind Properties, a 50:50 JV company between ABR Holdings and LWH Holdings. The three sites in District 15,…

Surrey Point in Newton up for collective sale at $55 mil

Owners of Surrey Point, a freehold residential development along Newton Road, have launched the property for collective sale at a guide price of $55 million. The price works out to a land rate of about $1,661 psf ppr,…

Govt needs to stay ahead of the curve on private property prices

I refer to forum contributor Ee Teck Siew’s letter (Govt should assess risk of property bubble, calibrate measures, Dec 25) and would like to urge the Government to stay ahead of the curve on private property prices. The…

Single-owner plots, older CBD office sites in spotlight amid residential sales buzz: report

Single-owner plots and older CBD offices are now in the spotlight as residential property developers eye strong residential sales. C&W expects more buzz in residential investment activity in the early part of 2021 as residential sales continue to…

Govt should assess risk of property bubble, calibrate measures

Is there irrational exuberance in the local property market with the surge in new home sales, increase in private property resale prices and speculation that the collective sale market will pick up next year? If this demand and…

Advance Apartment at Lorong 25A Geylang sold for $26.5 mil

Advance Apartment, a 14-unit development standing on 11,429 sqft of freehold land at 8 Lorong 25A Geylang, has been sold for $26.5 million via a collective sale exercise to a local consortium. It is the group’s second attempt…

Could en-bloc fever start again in 2021?

Speculation is rife that the en-bloc market could kick off again next year due to the continued drop in unsold inventory and a conservative slate of sites on GLS programme. The number of unsold units has dropped for…

Possible revival of en bloc market in 2021 as developers look to replenish land banks: Analysts

The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential scene to feed a growing appetite for land, according to property analysts. This comes as…

Singapore Property Market Outlook 2021 Report: Predicting the Real Estate Market in 2021

The PG Singapore Property Market Outlook 2021 looks back on the momentous happenings and events that have impacted the property sector this year to predict what’s in store for 2021. The key defining event of 2020 was the…

‘Calibrated’ GLS, falling condo inventory could revive en bloc market: Analysts

The “conservative” and “calibrated” release of residential supply under the first-half 2021 GLS programme is likely to revive interest in the en bloc market, analysts said on Thurs. JLL senior director of research and consultancy Ong Teck Hui…

JLL sells two District 9 residential sites worth $62 mil

Two adjoining collective sale sites in District 9, namely, Fairhaven and Sophia Ville, have been sold for $62 million or a unit land rate of $1,239 psf ppr by JLL to a local developer. Totalling 23,828 sqft, the…

Looking back on 25 years of collective sales in Singapore

The collective sales arena is not new to the real estate market in Singapore, and dates all the way back to 1994 when the first such transaction was completed with the sale of Cosy Mansion. Facilitated by Knight…

Roxy-Pacific buys 15 terraced houses at Guillemard Road for $93 million

RL East, a subsidiary of Roxy-Pacific Holdings has purchased a 15 terraced houses in the Guillemard area for $93 million. The deal was brokered by C&W. The adjoining houses are located at 217–223A Guillemard Road and 1–21A Jalan…

Three landed homes in Telok Kurau up for collective sale with S$25m reserve price

Three freehold landed homes in Lorong N Telok Kurau in prime District 15 have been put up for collective sale by tender according to PropNex. The houses sit on three adjoining sites at 93B, 93C, and 95 Lorong…

How can an old condo be a better investment?

1) They could have higher rentability – Some of these older condos may look run-down, but there’s no end of willing tenants. Ideally, they combine a central location, with a rental rate slightly lower than that of surrounding…

Siglap Shopping Centre collective sale to carry S$120m reserve price

Siglap Shopping Centre, a freehold, mixed-use site, will be put up for collective sale via public tender on Tues with a reserve price of S$120 million, OrangeTee Advisory said on Mon. Located at 883 – 903A East Coast…

Leasehold – what is it and how is it different between condo and HDB?

The majority of land in Singapore is government-owned. Where residential land is concerned, the bulk of that government ownership is divided between SLA and HDB. It may seem confusing to call what you think you have bought a…

What’s next for Golden Mile Complex?

Much has been discussed about Golden Mile Complex at Beach Road. Some laud it for its architectural and historical significance and call for it to be conserved while others consider it an eyesore and feel that it should…

URA proposes to conserve Golden Mile Complex, offers incentives for redevelopment

The Golden Mile Complex will be proposed for conservation in view of its historical and architectural significance, URA said on Fri, as it concurrently unveiled incentives to make the site more attractive for developers eyeing a collective sale.…

MinLaw to restrict proxies at general meetings for en bloc sales to ‘minimise risk of abuse’

The number of unit owners a proxy can represent at GMs for en bloc sales of private property will be capped from Jan 2021 to “minimise the risk of proxy abuse”, MinLaw said. Property market experts said proxies…

Geylang’s Advance Apartment owners eyeing over S$26.5m from collective sale

Freehold site Advance Apartment at 8 Lorong 25A Geylang is now available for collective sale by tender, after more than 80 per cent of the owners gave their consent, JLL said on Mon. The owners are expecting bids…

What happens when your HDB flat is selected for SERS?

1) Your flat’s market value will be assessed by a private professional valuer (not HDB) – This valuation process is important because it determines the eventual compensation you will receive from HDB as part of the buyback; 2)…

Maxwell House up for en bloc sale for $295 mil

Maxwell House, a 13-storey commercial building at No. 20 Maxwell Road, has been put up for collective sale via public tender with a reserve price of $295 million. This comes after the owners holding not less than 80%…

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