Amber Glades, Robin Court and Robin Drive up for en bloc



The latest developments to be put on en bloc sale are Amber Glades, Robin Court and an adjoining bungalow unit at Robin Drive, off Bukit Timah.

The properties at Robin Drive are put up as part of a joint collective sale. Asking price is between the region of $66 million to $74 million, which works out to an average of $1,046- $1,172 psf on potential GFA. It is also possible (pending approval) to buy the state land adjoining Robin Court with an area of 785 sqft, taking the total site to 41,000 sqft.

The site is expected to be a hit with developers since it is located within the vicinity of the future Stevens MRT station. The tender closes on 16 September.


Meanwhile, Amber Glades at Katong is also preparing to undergo an enbloc sale. The asking price for the 40,917 sqft site is $130 million, with each owner standing to pocket $1.4 million to $2.4 million each. The site can be redeveloped into a 2-storey block with 150 units at 840 sqft each, or 84 units at 1,500 sqft.

As posted in h88.com.sg by Cheryl Han

Comments

Post a Comment

Popular posts from this blog

Singapore property developers cautious about market outlook

SINGAPORE : Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the outlook for Singapore's property market in 2012. Mr Wong Heang Fine, President, Real Estate Developer's Association of Singapore, said: "We are cautious. On the market going forward, it all depends on how the global economy goes in the next eleven months. So it's really anybody's guess." URA data shows the rate of price increase for private residential properties moderating for the ninth consecutive quarter with rentals also tapering off.  More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd by Yvon
Read more

Condos Future Launches

Project Name Street District Till Units Marina Bay Suites Central Boulevard 01 99 221 Unnamed Spottiswoode Park Road 02 FH 348 Sentosa Quayside Ocean Way 04 99 228 Unnamed West Coast Crescent 05 99 295 RV Residences River Valley Close 09 999 220 Paterson Suites Paterson Road 09 FH 102 The Vermont on Cairnhill Cairnhill Road 09 FH 123 Urban Suites Hullet Road 09 FH 165 Urban Resort Condominium Cairnhill Road 09 FH 64 Vivace Tong Watt Road 09 999 85 Waterscape @ Cavenagh Cavenagh Road 09 FH 200 Espada St Thomas Walk 09 FH 232 Nathan Suites Nathan Road 09 FH 65 Helios Residences Cairnhill Road 09 FH 140 Parvis Holland Road 10 FH 248 Trilight Newton Road
Read more

HDB upgraders set pace in private property market

SINGAPORE: The private residential market saw a rebound in September. Figures released by the Urban Redevelopment Authority (URA) on Monday showed 2,064 units, including executive condominiums (ECs), were transacted. This is the highest number of monthly transactions this year and a significant 26 per cent increase from August's 1,638 units. Treasure Trove, a development in Punggol, accounted for about 40 per cent of the transactions with more than 680 units sold. PropNex Realty said the homebuyers are mainly HDB upgraders, attracted to the pricing and the proximity of the development to the Punggol MRT. It said the revision of income ceiling had prompted many to purchase ECs.   More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd
Read more