Owners of the estate, which was privatised in 2014, are expecting offers in the range of S$400 to S$430 million for the property. Developers would have to fork out an additional S$200 to S$220 million for intensification of the site, as well as a top-up for a fresh 99-year lease. The estate comprises 244 unitsRead more about Serangoon Ville for en bloc[…]
En-bloc seems to the buzz word in the property market of late. With two big projects, i.e. Eunosville and Rio Casa successfully en-bloc’ed, now the question in most owners’ mind is; when is my turn? Literature: The Edge Property
Just last week, the subject was hot in the news with three en bloc done successfully within a week. Now the question in everyone’s mind is; is the en bloc fever back?
Two of them are big projects; Eunosville was closed as $765.8 million and Rio Casa was closed at $575 million. Read more about The en bloc fever is back! …
Vital statistics are as follows: Lum Chang Holdings Limited aquired One Tree Hill Gardens for S$65 million. Owners at One Tree Hill Gardens are expected to receive between S$4.3 million and S$9.1 million in gross sale proceeds. The freehold site is expected to accommodate up to 15 landed units, with the launch date likely toRead more about First en bloc of the year[…]
More residential properties are expected to go en bloc in 2017, following the success of three collective sales this year. Three successful en bloc deals this year, valued at S$1 billion, may be igniting the interest of other property owners to do the same. Raintree Gardens in Potong Pasir was acquired by a joint venture (JV)Read more about Successful en bloc in 2016[…]
Three apartments near Orchard Road were sold separately to three developers this month. Here is the summary of the transactions, for the records. Of late, the interest towards en bloc sales is improving especially those at the prime districts. Source: Straits Times
Here are the vital statistics of the en bloc sale: Project Name Raintree Gardens Price sold $334,200,000,000 Total units 175 Site Area (sq ft) 201,405 Plot Ratio 2.8 psf ppr (including premium to top up lease) $797 With the estimate of $500 psf for the construction cost, the estimate break-even cost for this development isRead more about Raintree Gardens sold en bloc[…]