Following the successful collective sales of Diamond Tower and Goodwill Mansion, there is another apartment in Balestier is going for enbloc sale,. Melrose Court, a private apartment of 4 storey of 32 units, is located at No 10 Lorong Limau. It is located near to the famous Whampoa Market.
The indicative price of the development is $48 million, which works out to be $688 per square foot per plot ratio. The asking price is slightly higher than the recently transaction at 21 Kim Keat Road at $670 per square foot per …

We witnessed several successful enbloc of industrial buildings in Balestier, the 6 Jalan Ampas industrial building early this year and the recent 21 Kim Keat Road site. We are seeing the area to be slowly rejuvenating and making its way to high rise residential area after the Urban Redevelopment Authority announced the area to be considered rezoning for residential use in 2008. Today I made a trip down to capture the area before all the changes take place. 
If you are driving along Kim Keat Road, you will reach Lorong Ampas once …

From the earlier article on sale of Colorscan building at 21 Kim Keat Road, it has been successfully acquired by a boutique developer BS Capital for just over $36 million or $670 per square foot of potential gross floor area, including an estimated development charge of almost $25 million.
Looking at the recent transactions of the residential aparment, D Lotus which is located just across the road Ampas Road, the prices have been pretty good at more than $1100 psf for relatively small units. Unsurprisingly, the successful buyer BS Capital is …

Leicester Suites is a new project along Leicester Road in Potong Pasir area. Located at 10 Leicester Road, it is situated between residential developments Platinum Edge and Intero developments. Just across the Leicester Road, it sits the One Leicester development by Centrepoint Properties.

Leicester Suites is developed by Macly Capital Pte Ltd. Macly Capital Pte Ltd is the developer of Wilkie 80, Zedge, and Newton Edge. You will realise that their projects are mostly boutique project with small units. It is the same case for Leicester Suites. With 14 storeys high, …

There are some road names that have been  Singapore history with the city’s rapid urban development and rejuvenation. If you are still looking for a lane named Jalan Bunga Raya in Balestier and off Irrawaddy Road, you may want to know that this road has been long gone over taken by a high rise residential development currently in construction. Domus, as the name of the new development, is a 29 storey residential development of 109 units which will be completed in the year of 2013.
 
 
Jalan Bunga Raya was previously a …

There is a high rental demand for expatriates with family near to United Square area, such as development along Khiang Guan Ave, Surrey Rd & Lincoln area. Other than the state of art of residential developments mushrooming in the area, the magnet of the area is the amenities and convenience one is able to enjoy in the area. One of the main attractions is the United Square Shopping centre, which has become the destination mall for many families.

United Square Shopping Mall is one of my favourite shopping mall. This place …

With the successful precedent transaction of the 3 storey industrial terrace factory building at No. 6 Jalan Ampas on February this year, there is another industrial site in Balestier put up for sale.

It is a freehold industrial site at No. 21 Kim Keat Road at an asking price of $42 million. Within the same Balestier area, this site is potentially to be re-zoned under the Urban Redevelopment Authority planning to residential use of a gross plot ratio of 2.8
The asking price of 42 million works out to S$734 per square foot …

If you are hankering for a place in or near to city but daunted by the high prices, a home buyer or investor may want to consider Minbu or Mandalay areas. Though it is very near to Balestier, yet it is still within the district 11 and within the walking distance to Novena MRT Station. Since it is at the fringe of Balestier area, it is very close to good food and amenities.  More importantly, the property prices are much more attractive in comparison to the properties in Newton and Novena …

Just days ago I discussed on topic on enbloc fever picking up. Today Business Times reported as many as 50 developments are on the list to be launched this year but deals may take longer under revised rules and rising price expectations:
A study by property consultant Credo Real Estate has listed a total of 34 possible properties that could be tendered for collective sale in 2010.
Eighteen of the 34 developments are either in District 10 or 15. ‘These are among the larger high-density private residential districts that enjoy healthy demand …

The fever for En-bloc is coming back, though there is more caution in the developers in acquiring the existing developments.
I would say enbloc is a unique phenomenon to Singapore, in which the private sector participate in bring about urban development. Prior to that, developers acquired lands solely from the Government Land Sales (GLS) programme. It had attracted much criticism, since Government paid too low a price and sold at too high a price for the land. Therefore URA looked into means to incentivize developers in rejuvenating existing residential areas, by …