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Pender Court en bloc sale fails, owners keep $12m

Business Times – 25 Apr 2008   Deal called off as buyer decides to cut losses on investment By KALPANA RASHIWALA (SINGAPORE) The sale of Pender Court off West Coast Highway to a unit of Bravo Building Construction has been called off. The buyer failed to...

Issues of cost, procedures bubble up in new en bloc rules

Business Times – 12 Apr 2008   Fine-tuning and improving the rules revised in October is an ongoing process, says Law Ministry By KALPANA RASHIWALA (SINGAPORE) The Ministry of Law is understood to be planning a review soon of the revised en bloc legislation,...

Pinetree back with lower en bloc asking price

Business Times – 01 Apr 2008   Pinetree back with lower en bloc asking price PINETREE Condominium, which was put up for collective sale in September 2007, has been relaunched at a lower indicative price of about $1,700 per square feet per plot ratio (psf ppr)....

Makeway View en bloc deal falls through

Business Times – 01 Apr 2008  Development charge higher than expected, says buyer By KALPANA RASHIWALA (SINGAPORE) The $162.8 million collective sale of Makeway View in the Newton area to an associate of Bravo Building Construction has been rescinded. BT...

Two en bloc sales delayed; developer asks for more time

April 1, 2008 Bravo’s deals involve Tulip Garden for $516m and Pender Court for $80m By Joyce Teo A SMALL property firm that snapped up enough sites to place it among the top en bloc players last year has put off completing two deals while it ties up funding....