31 Jan '18, 1am

Still more developments join the en bloc rush

Last year, 28 residential sites and 3 commercial sites were sold for a total of $8.73 billion. That is a tremendous leap from the $1 billion from the 3 sites sold in 2016. And the lineup of public tenders of private sites do not seem to letting up, at least not yet. 3 more private sites up for public tender Joining the rush of en bloc sales are 3 more developments – Eunos Mansion, Makeway view and ICB shopping centre. Despite projects now having higher asking prices, they are still drumming up interest from developers. Eunos Mansion The freehold Eunos Mansion has been put up for collective sale with a reserve price of $218 million. The project has received 80% approval from the owners to launch the tender and the land rate works out to be $1,218 psf ppr. The mid-size site is near the up-and-coming Paya Lebar Regional Centre and currently holds 107 units. The site has a lan...

Full article: https://www.iproperty.com.sg/news/still-more-developments...

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