Category: Collective / Enbloc Sales 2023

At an asking price of $100 million, Smartisan Development has acquired freehold industrial plots 10 and 12 Mandai Estate. With the land improvement fee included, the price comes to $657 psf ppr for land.

LHN has purchased GSM Building for $80 million. As part of its development into the region, the company plans to transform a portion of the commercial building to serviced apartments.

Holland Tower is a freehold 19-unit site that will be purchased by a wholly-owned subsidiary of Wing Tai Holdings for $76.3 million through public tender and redeveloped into a premium residential tower.

Woh Hup’s subsidiary Aurum Land paid S$66.8 million in an enbloc sale for a freehold landed residential property on Kheam Hock Road called KEW Lodge, which is a 5% premium above the guiding price of S$63.8 million.

JVA Venture Pte Ltd has won the tender for the collective sale of the GS Building located at 16, 18, and 20 Lorong Ampas for S$67 million.