On The Bloc (Enbloc News)

10 Aug 2022

En Bloc News

Collective sales returned to the market- seemingly with a vengeance -after an initial knee-jerk cooling-off period following the government's market cooling measures in December 2021.

Yet while some large and prime sites sealed deals in the year to date, many are still on the block after several rounds of marketing. Others are taking longer to conclude, closing tenders with no bids or moving into extended private treaty talks.

Still, property watchers see continuing interest from developers local and foreign, in an environment where both new launch prices and interest rates are rising.

Here are the major en bloc sales that have come on the market this year, and those that have sold so far this year and last year.

 

Overview:

  1. Orchard
    • High Point : Asking $550m , Land Rate : $2,508 psf ppr
    • Elizabeth Towers : Asking $630m , Land Rate : $2,400 psf ppr
  2. Oxley, River Valley
    • Oxley Garden : Asking $200m , Land Rate : $2,346 psf ppr
    • 5 Oxley Rise : Asking $300m , Land Rate : $1,984 psf ppr
    • 10A 10b Institution Hilll : Sold $33.6m , Land Rate : $1,381 psf ppr
    • The Beaumont : Asking $468m , Land Rate : $2,448 psf ppr
  3. Tanglin
    • 21 Anderson : Sold $213m , Land Rate : $2,490 psf ppr
    • Tanglin Shopping Centre : Sold $868m , Land Rate : $2,769 psf ppr
    • Orchard Bel Air : Asking $587.5m , Land Rate : $2,600 psf ppr
  4. Jurong
    • Lakepoint Condo : Asking $640m , Land Rate : $988 psf ppr
    • Lakeside Apartments : Sold $273.9m , Land Rate : $1250 - $1260 psf ppr
    • Park View Mansions : Sold $260m , Land Rate : $1,023 psf ppr
  5. Thomson
    • Thomson View Condo : Asking $950m , Land Rate : $1294 psf ppr
  6. Pasir Panjang
  7. East Coast
    • Meyer Park : Asking $420m , Land Rate : $1720 psf ppr
    • La Ville : Sold $152m , Land Rate : $1477 - $1540 psf ppr
  8. Serangoon
    • Chuan Park Condo : Sold $890m , Land Rate : $989 psf ppr
    • Kensington Park : Asking $1.28b , Land Rate : $1,371 - $1,414 psf ppr
  9. Bukit Timah
    • Watten Estate Condo : Sold $550.8m , Land Rate : $1,723 psf ppr
    • 551-553 Bukit Timah Road, 6-8 Duke's Road : Sold $53.9m , Land Rate : $1504 psf ppr
  10. Downtown
    • People's Park Centre : Asking $1.8b , Land Rate : $2,620 psf ppr
    • Maxwell House : Sold $276.8m , Land Rate : $1,700 psf ppr
    • International Plaza : Asking $2.7b , Land Rate : $2,448 psf ppr
  11. Kallang
    • Sultan Plaza : Asking $360m , Land Rate : $1,549 psf ppr (mixed use)
    • Golden Mile Complex : Sold $700m , Land Rate : $1,181 psf ppr
  12. Selegie
    • Peace Centre and Peace Mansion  : Sold $650m , Land Rate : $1,388 - $1,426 psf ppr
  13. Tanjong Katong

 

Reference

Enbloc News OrchardEnbloc News Oxley, River ValleyEnbloc News TanglinEnbloc News JurongEnbloc News ThomsonEnbloc News Pasir PanjangEnbloc News East CoastEnbloc News SerangoonEnbloc News Bukit TimahEnbloc News DowntownEnbloc News KallangEnbloc News SelegieEnbloc News Tanjong Katong
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