Singapore Property News

DRAGON Mansion, a freehold residential development located on the fringe of the Central Business District, is up for collective sale with an indicative price of $150-156 million, or $1,340-1,392 per square foot per plot ratio (psf ppr). Sole marketing agent Jones Lang LaSalle (JLL) said the site consists of two plots of land: Dragon Mansion and a substation. [...]

A CONDOMINIUM site in Buangkok has secured a top bid of $247 million in a four-way tussle among developers. The moderate level of interest was in line with market expectations. Qingdao Construction lodged the top bid of $247 million – or $391 per sq ft (psf) per plot ratio (ppr) – for the 19,549 sq m site at [...]

  All on reserve list; one each for commercial, residential and hotel use   THREE government land parcels have just been made available for sale – one each for residential, hotel and commercial developments. All three 99-year leasehold sites are on the reserve list of the Government Land Sales programme in the first half of this year. Land [...]

Austral View in Tanjong Rhu goes for $81m and a Hillview plot, $45m AT least two freehold residential development sites have been transacted recently. Austral View at Tanjong Rhu, on a 30,540 square foot site, was sold for $81 million through a collective sale to a Chinese developer which last month picked up the adjacent Fortredale. Over in [...]

  Top tender well ahead of market expectations of $154m-$165m range   SIX developers squared off for a residential site in Sembawang with the top bid coming in at $191.8 million, well ahead of market expectations. The site at the corner of Sembawang Road and Jalan Sendudok is near Sembawang Shopping Centre and Sembawang MRT station – key [...]

TANGLIN Shopping Centre is up for en bloc sale again, months after its tender earlier this year failed to draw a buyer. Bidding for the freehold site, which is about 68,512 sq ft, will close on June 16, 2011.   ERA Real Estate has been appointed to handle the collective sale but the firm's senior marketing director, Jean [...]

$200m above forecast – reflecting confidence in land outside city centre A PRIME mixed-use site in the Jurong Lake District has shattered price records with a top bid of just under $1 billion – almost $200 million more than the market expected. The huge offer stunned analysts and dramatically underscored demand for well-located land in the up-and-coming area. [...]

If successful, it will be Singapore's second-largest collective sale FORMER Housing and Urban Development Company (HUDC) estate Laguna Park is set to become Singapore's second-largest collective sale, if a developer is willing to pay the $1.33 billion asking price. The sale tender for the huge site on Marine Parade Road, with commanding sea views, was launched yesterday by [...]

Consortium that bought 70 Shenton Way is selling the site while Elizabeth Tower is the latest collective sale TWO redevelopment sites have been put on the market – Elizabeth Tower and 70 Shenton Way.   A five-member consortium which includes Roxy-Pacific Holdings which bought 70 Shenton Way for $148 million in April last year is now seeking to [...]

TWO centrally located land sites were offered for sale to developers yesterday – one for commercial and retail use, the other for inner-city homes. Elizabeth Tower – a condo near Mount Elizabeth Hospital in the Orchard area – is a collective sale tender with an asking price of $630 million. More than 80 per cent of owners have [...]