§ Estoril on Holland Road

The District 10 residential project has been put up for collective sale for $208 million or $1,536 psf ppr.

The 44-unit project has a land size of 84,600 sq ft and will be able to accommodate 75 new units of around the size of 1,800 sq ft. The estimated breakeven is around $2,000 to $2,050 psf.

§ Elizabeth Towers

The District 9 residential project at No 12 Mount Elizabeth is asking for $673 million or $2,666 psf ppr. No development charge is payable.

The en bloc sale site has an area of 54,318 sq ft site. URA has already given the planning approval for the site to be built up to a plot ratio of 4.647.

§ Villa delle Rose

The District 10 residential project at No 2 Taman Nakhoda in Holland Road area is asking for $700 million or $1,758 psf ppr. There is an estimated $31 million in development charge payable.

The freehold site has a land area of 297,132 sq ft and a plot ratio of 1.4 which allows a maximum height of 5-storey.

§ Hertford Mansion

The District 8 residential project at No 18 Hertford Road is asking for $12 million or $744 psf ppr. It has a site area of 11,527 sq ft and could be rebuilt into a small 5-strorey apartment block with 20 units of 900 sq ft each.

§ Holland Hill Lodge

The District 10 residential project at No 5 Holland Hill is asking for for $16 million or $1,108 psf ppr. It has a site area of 9,033 sq ft. The break-even price is approximately $1,500-$1,600 psf. The project has already 100% consent from all the owners and no Sale Order from Strata Titles Board is required.

No en bloc sale takers so far

However, from July to September 2007, only 24 sites worth a total of $1.96 billion were sold. In the April to June period, 51 sites worth $6.92 billion were sold.

The two hikes in DC rates in July and September coupled with the unveiling of the US sub-prime market crisis had doused the en bloc sale craze.

The cautious mood in the third quarter had caused the residential investment sales to nosedive 68.3% from the previous quarter. So far, there has been no successful en bloc sale report from September onwards. (18 Oct)

Edited by Sam Gian – Independent Real Estate Sale Consultant and trainer