Former HUDC estate Serangoon Ville sold for almost S$500 million in en bloc deal

Serangoon Ville a former HUDC estate privatised and sold to a consortium led by Oxley Holdings for a whopping $499 million under a collective sales tender program. The selling price was way above the initial asking between $400 million to $430 million targeted when the development was put up for sales last month.

Serangoon Ville is the latest addition to mark the sixth successful collective sales to the daily most discussed hot topic of the property market showing signs of bottoming out right from the beginning of the year. Total of 244 apartments and mansionettes of unit size ranging from 1625sqft to 1733sqft, owners are elated to pocket a handsome profit of about $2 million each (estimated), higher than the $1.6 million to $1.7 million expected.

Source : Straits Time
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Normanton Park sold en bloc sales for $830.1m – today

In a rare but quite expected en bloc sale went through yesterday 5th October 2017, Kingsford Huray Development is the highest bidder at $830.1 million for Normanton Park estate near Kent Ridge park.

Normanton Park 488 units sold $830.1m
Normanton Park 488 units sold $830.1m

Each owner at the 488-unit stands to profit between $1.68million to $1.86million. The land bid price translates to about $969 per square foot per plot ratio. 
Read more Here 

The Asteria En Bloc Sale sold for $27.1m – EdgeProp

Adding on the recently red hot en bloc sales, The Asteria is the latest freehold development sold for a price tag of $27.1million to a buyer who is believed to be a Singaporean. 

The Asteria Freehold District 15
The Asteria Freehold District 15

The Asteria Freehold District 15 The Asteria Freehold District 15 The Asteria is conveniently located opposite CHIJ katong primary school and Tao Nan school. With a total of only 23 units, this boutique condominium was owned by a investor holding the units for rental income. 

Read more Here