Vista Park en bloc sale launched with S$350m asking price; Spanish Village owners eyeing above S$810m
OWNERS of Vista Park condominium project launched a collective sale tender on Thursday with an asking price of S$350 million, joining a spate of en bloc launches this week.
Based on the asking price, each unit owner could pocket between S$1.16 million and S$3.5 million - a premium of over 60 per cent to what the owners could otherwise get by selling the units individually in the open market.
Its marketing agent Teakhwa Real Estate said that the unique feature for Vista Park, whose tender closes on Dec 13, is its immediate surroundings.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%