Tag Archives: En-bloc

Dragon Mansion en bloc sale sees lower offer

Posted on 21 Oct 2009 | Comments Off on Dragon Mansion en bloc sale sees lower offer

Roxy-Pacific’s $101m offer is below the $120m that owners are asking
Boutique developer Roxy-Pacific has said it has offered to buy the freehold condominium site of Dragon Mansion (left) for $100.8 million, or $860 per sq ft (psf) per plot ratio. — PHOTO: BT

THE first significant collective sale in Singapore this year is on the cards – if the condominium’s owners will agree to a price that is lower than what they are hoping to achieve.

Boutique developer Roxy-Pacific has agreed to acquire a site at Spottiswoode Park, but at a price that is below the estate’s original reserve price.

In an announcement to the Singapore Exchange yesterday, the developer said it has offered to buy the freehold condominium site of Dragon Mansion for $100.8 million, or $860 per sq ft (psf) per plot ratio. Continue reading →

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Posted in Developers, En-bloc / Collective Sales

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Will Laguna Park owners settle for less?

Posted on 19 Oct 2009 | Comments Off on Will Laguna Park owners settle for less?

They mull selling units at $1 billion, but some want to wait for market pick-up

After the failed bid, owners met yesterday to discuss the fate of their estate. TODAY FILE PHOTO

When they put their sea-facing estate up for collective sale early last month, with the economy barely on the track to recovery, the $1.2 billion reserve price raised eyebrows.

Now with their bid having failed, owners of units at Laguna Park are adjusting their expectations and considering selling at a lower price.

The new target: Reportedly between $950 million and $1 billion.

The development’s marketing agent Credo Real Estate said residents are likely to receive letters advising them on the situation in two or three days.

The revised price, however, is still a “sizeable amount”, felt ERA Asia-Pacific associate director Eugene Lim. Continue reading →

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Posted in En-bloc / Collective Sales

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