Singapore-listed Bukit Sembawang Estates purchased the 117-unit 99-year leasehold Katong Park Towers en bloc for 345 million some 20 above the reserve price of 288 million. Katong Park Towers gets Courts nod for en bloc sale to proceed.


Pin By Ken Ang On Property News In Singapore Property Building Singapore

At the close of the tender on March 15 a total of 10 bids were received and were all above the reserve price says Christine Sim director of capital markets at Cushman.

Katong park towers en bloc. Katong Park Towers En Bloc SOLD 345 million. 2 Four more developments up for collective sale. As reported in the Straits Times today Amber Towers a 35-year-old freehold residential project in the Katong area has been sold to Resource International Holdings a unit of China Sonangol Land for 1616 million.

Katong Park Towers en bloc marks Bukit Sembawangs first collective sale acquisition since 2006 to 2007 which includes former Chez Bright Apartments and Airview Towers to be launched as 8 Saint Thomas later this year. SINGAPORE - The obscene windfall an enbloc sale can bring to lucky homeowners can best be exemplied by the sale of Katong Park Towers a 99-year leasehold condominium that has seen better days. On March 16 the developer acquired the 117-unit 99-year leasehold Katong Park Towers en bloc for 345 million 1280 psf ppr.

According to Cushman Wakefield who is the appointed firm for marketing Katong Park Towers the en bloc site offers an irresistible opportunity for developing an exclusive brand new condo within the charming precinct of Katong. The site can potentially yield about 388 apartment units based on an average size of 70 sq m per unit Cushman WakeField. Asia Gardens En Bloc SOLD 343 million.

The development has 118 units and sits on 99-year leasehold land with a site area of about 13077sqm. The latest en bloc deal within the precinct was Nanak Mansions in Meyer Road which was sold to an associate company of. With the number of en bloc and government land sale GLS sites sold from end-2017 to 1H2018 it is not surprising that 2019 seems to be having one of the highest numbers of condo launches.

Despite the introduction of the cooling measures by the governmentTherefore today we will continue our series of new condo launches within 500m of a MRT station. At the close of the tender on March 15 an overall of 10 bid were obtained and also were all over the reserve price. Katong Park Towers Katong Park Towers a 30-year-old condominium in Mountbatten has been put up for collective sale.

Alternatively owners can continue to hold and wait for en-bloc which normally happens in 30-40 years time as what happened to its former building - Katong Park Towers. Bukit Sembawang Estates a Singapore-listed property developer purchased the 99-year leasehold Katong Park Towers en bloc for 345 million for the land to start the building LIV MB condominium. You can now find projects which are eligible for HOC discounts here.

Katong Park Towers put up for sale en bloc with S288m reserve price. Park House En Bloc SOLD 3755 million Cairnhill Mansions En Bloc SOLD 362 million. LIV MB Former Katong Park Towers is successfully en-bloc by Bukit Sembawang Estates Limited.

Katong Park Towers en bloc for 345 Million to Bukit Sembawang. Units facing North or West will have unblock landed or city view. Katong Park Towers gets Courts nod for en bloc sale to proceed.

It will be the most coveted address in the. Located at 114A Arthur Road the site is close to East Coast Park and the future Katong Park MRT station on the Thomson-East Coast Line. This works out to a price of 1118psf ppr said Savills Singapore the agency that brokered the deal through a tender exercise that closed on March 28.

The 99-year leasehold Katong Park Towers condo have been snapped up by property developer Bukit Sembawang Estates for S345 million. The upcoming new development will be known as LIV MB. Thus the closing tender price is approximately 20 more than that.

Katong Park Towers Sold En Bloc to Bukit Sembawang Estates for 345m. 236 results of Katong Park Towers Property For Sale in Singapore. Singapore Listed Developer Bukit Sembawang came in top bid for the 117-unit 99-year leasehold Katong Park Towers en bloc for 345 million which work out to be about 20 over the 288 million.

THE sale of Katong Park Towers has been given the green light by the High Court following some owners objection to the sale over factors like the method of apportionment. City Towers En Bloc SOLD 4011 million. Katong Park Towers a 30-year-old condominium in Mountbatten has been put up for collective sale.

A unit of Bukit Sembawang Estates bought Katong Park Towers for S345 million in March following a competitive tender paying about 20 per cent over the reserve price. LIV MB In The News. This is the second en bloc purchase by Bukit Sembawang this month.

An order of sale was made for Katong Park Towers following a High Court hearing on Tuesday Edwin Lee of Eldan Law told The Business. It will be the most coveted address in the prime District 15 that is popular among buyers. The High Court hearing ends in favour of the collective sale committee after several failed rounds of mediation.

Katong Park Towers in District 15 has been sold to a subsidiary of Bukit Sembawang Estates for 345 million about 20 percent above the reserve price of 288 million said Cushman Wakefield who brokered the deal. The development has 118 units and sits on 99-year leasehold land with a site area of about 13077sqm. Bukit Sembawang Estates Limited has successfully tendered for the en bloc sale of Katong Park Towers and intends to redevelop the property into a high-rise residential development with communal facilities.

Casa Meyfort En Bloc SOLD 31988 million Landmark Tower En Bloc SOLD 286 million. Katong Park Towers gets Courts nod for en bloc sale to proceed. At the close of its tender back in 2018 a total of 10 bids all above the reserve price were received for the land.

Initially Katong Park Towers was being put up for en bloc sale with a price tag of no less than S288 million. Gross Floor Area GFA.


Katong Park Towers En Bloc Sold 345 Million In District 15 Tower Park Singapore