04 Oct '17, 8am

Property windfalls: Four of the biggest en bloc sales of 2017

SINGAPORE: The sale of Amber Park condominium , which was announced on Wednesday (Oct 4), set a record for Singapore's largest freehold collective sale by dollar value, at S$906.7 million. At this price, owners of the 200-unit freehold condominium would expect to receive gross sale proceeds of between S$4.3 million and S$8.3 million for their flat, marketing agent JLL said. This sale comes as the local en bloc market heats up , with a number of sales resulting in multi-million dollar payouts for property owners. Here are some of those which have grabbing the headlines this year. TAMPINES COURT A former Housing and Urban Development Company (HUDC) estate, Tampines Court was sold in August earlier this year for S$970 million - the biggest deal for a former HUDC property since 2007. Advertisement Advertisement The sale left each owner set to receive between S$1.71 million and...

Full article: http://www.channelnewsasia.com/news/singapore/property-wi...

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