City Developments Limited (CDL) is taking a second bite of the cherry with plans to redevelop Katong condominium Amber Park, which it built in 1986, into a far bigger project. It beat seven other bidders with a $906.7 million offer as the 200-unit estate finally made good on its fourth attempt at a collective sale. With a price tag well above the $768 million reserve, Amber Park has also set a record...
by APHManager
Freehold condominium Amber Park fetched $906.7 million yesterday in a collective sale, the latest of several big-money transactions, but industry bigwigs are at odds over whether the residential market is heading for a major rebound. The record sale for a freehold site, clinched by City Developments Limited, comes on the heels of a string of large collective sale deals, including Tampines Court at $970...
by APHManager
SINGAPORE - The en-bloc boom has prompted freehold Cairnhill Mansions to try to pull off a collective sale - its fifth attempt. It has won the backing of more than 80 per cent of the owners threshold and a public tender will soon be called, marketing agent CBRE said on Thursday (Oct 5). Home owners are hoping for at least $362 million for the prime 61-apartment property, which has a roughly 172,240...
by APHManager
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