>

>

Siglap Shopping Centre relaunches for collective sale at $120 mil

By Charlene Chin

/ EdgeProp Singapore |

August 5, 2021 12:32 PM SGT

Siglap Shopping Centre (Picture: OrangeTee Advisory)

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Siglap Shopping Centre has been relaunched for collective sale for the second time, at an unchanged guide price of $120 million, according to OrangeTee Advisory, which is marketing the property. (See also: Two freehold shop units in Siglap Shopping Centre going for $8.8 mil)

The property was first put up for collective sale in October 2020, but reportedly failed to receive bids that met the reserve price then. Information on the number of bids received and the price of the bids were not made available.

Completed in the 1980s, the three-storey development comprises eight residential units and eight ground-floor commercial units on a 39,635 sq ft site.

After factoring an estimated development charge of $47.47 million and an estimated alienation cost of $7.2 million for the state land, the reserve price works out to $1,235 psf per plot ratio, after factoring in a 7% bonus residential gross floor area for private outdoor spaces, says the firm.

The tender for the property will open on Aug 5 and close on Sept 1, at 3pm.

Check out the latest listings near Siglap Shopping Centre

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00