15 Sep '17, 4am

Pine Grove to go en bloc again

View of the 660-unit Pine Grove, a former HUDC estate near Ulu Pandan. (Photo: Google Maps) After two failed attempts in 2008 and 2011, owners at Pine Grove near Ulu Pandan are trying their luck again at a collective sale, this time at a price of $1.65 billion, reported the Straits Times . This would be the highest collective sale price since 2007, when the 619-unit Farrer Court was sold for $1.34 billion. If successful, each owner stands to gain between $2.08 million and $2.64 million. SEE ALSO: New development charges to affect en bloc deals Appointing Huttons Asia as its marketing agent, the collective sale committee is set to determine the method of apportionment and secure the requisite 80 percent approval at an extraordinary general meeting to be held on 29 October. “We can expect good response from developers because of our prime location,” said collective sale comm...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

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propertyguru.com.sg 14 Sep '17, 4am

The new DC rates are expected to lead to higher breakeven prices for developers. DBS expects the recent hike in developmen...

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propertyguru.com.sg 19 Sep '17, 4am

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propertyguru.com.sg 25 Sep '17, 3am

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Welcome to Go Fund This, a recurring feature series on Sprudge News that spotlights interesting and worthwhile causes and ...

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