31 Oct '11, 2pm

Laguna Park, Henry Park Apartments up for collective sale

Laguna Park, Henry Park Apartments up for collective sale

SINGAPORE : Laguna Park at Marine Parade Road is up for collective sale with a reserve price of S$1.25 billion. Together with Henry Park Apartments, which is also up for collective sale at between S$170 million and S$180 million, the total value of properties that have come up for sale in October has hit close to S$5 billion. With over 10 sites now available for sale, developers appear to be spoilt for choice. Nicholas Wong, executive director (investment) at Knight Frank, said that developers are looking at collective sales with some caution now and added that any sale will depend on the attributes of the site and the developer's risk appetite as well as market sentiment. He also noted that the Government Land Sales Programme is offering developers many alternative sites. Knight Frank, which is marketing the 677,493 sq ft Laguna Park, believes the site's proximity to the ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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