24 Aug '16, 9am

Collective Sale in former HUDC estate at Potong Pasir

The 201,405 sq ft plot, next to Kallang River and near Potong Pasir MRT station , has just over 70 years of lease left. It is zoned for residential use with a 2.8 plot ratio. Property experts believe the owners could get over $315 million, or about $1.8 million per unit. Including the sum a developer would pay the Government to build a larger project and top up the lease, the price could be some $430 million, or $760 per sq ft per plot ratio (psf ppr). The collective sale attempt is a first for the estate, which was privatised in July 2014. JLL is marketing the sale. "While there has been one substantial en bloc sale, Shunfu Ville , one sale doesn't really make a market," said Ms Christina Sim, director of investment sales at Cushman & Wakefield. "That said, there are not many good plots in the market right now, and there is still room for more projects in Potong Pasir. It...

Full article: http://www.srx.com.sg/singapore-property-news/22902/colle...

Tweets

Did you know we have a #BOGO #sale? Go check it...

heels.com 30 Aug '16, 1pm

You can't go wrong with hot styles at even hotter prices! Tons of trendy shoes have been marked down from brands like Gues...

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home....

Highlights from this week’s top news stories on...

sothebysrealty.com 26 Aug '16, 8pm

The Chummery Estate, originally built for the chairman of Macy’s, is the epitome of sophisticated and casually elegant isl...

10 of the Top Celebrity Homes Currently on the ...

robbreport.com 26 Aug '16, 7pm

Celebrities are known for appreciating the finer things in life, and their homes are no exception. From Ronald Reagan’s pa...