"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.


Eunosville collective sale tender re-launched

Eunosville re-launched for en bloc sale

SINGAPORE: Former HUDC estate Eunosville has been re-launched for en bloc sale on Monday with the same asking price of at least S$688 million.

Its sole marketing agent, Jones Lang LaSalle, said the 330-unit private residential development was first launched in June 2013 for collective sale by tender.

But interested developers wanted more time to assess the market, after the introduction of the Total Debt Servicing Ratio (TDSR) framework at the end of the same month.

Jones Lang LaSalle said the owners of Eunosville are now hopeful of keen interest from developers this time round, given the healthy number of bidders in recent government land sale site tenders.

With a land area of about 376,712 square feet and with a gross plot ratio (GPR) of 2.8, the site could potentially yield 1,000 units with an average size of 1,100 square feet.

The asking price translates to approximately S$806 per square foot per plot ratio on the potential gross floor area, including estimated differential premiums of S$163 million payable to top-up the lease to fresh 99 years and for intensification of use, subject to approval from the relevant authorities.
The tender closes at 2.30pm on Tuesday, January 14, 2014. 

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