Other privatised HUDC estates that also went en bloc

Residential development The Interlace at the former Gillman Heights site in Alexandra Road.
Residential development The Interlace at the former Gillman Heights site in Alexandra Road.PHOTO: ST FILE

This story was first published on May 20, 2016 and updated on Oct 6, 2016.

Several privatised Housing and Urban Development Company (HUDC) estates have been successfully sold en bloc so far. These are:

1) Shunfu Ville

Chinese developer Qingjian Realty made its debut purchase in the en bloc market when it snapped up the former HUDC estate Shunfu Ville in Bishan for $638 million in May 2016. The sale was this year’s first and Singapore’s largest en bloc deal in nine years since Farrer Court. Owners of the 358-unit estate pocketed around S$1.78 million each - a 50 per cent premium over a typical unit’s price.

2) Farrer Court

The 618-unit development remains the priciest en bloc deal by quantum to date. It went for about $1.34 billion in June 2007. The D'Leedon by CapitaLand current sits on the plot of land.

3) Gillman Heights

Now The Interlace by CapitaLand, the 607-unit development went for $548 million in February 2007.

4) Waterfront View

The 583-unit development was sold for $385 million in May 2006. Currently four condos stand in its place: Waterfront Waves, Waterfront Key, Waterfront Gold and Waterfront Isle.

5) Minton Rise

Back in January 2007, the 342-unit development went for $209 million. Today, a new condo called the Minton by Kheng Leong, occupies the plot of land.

6) Amberville

Far East Organisation paid $183 million for the the 168-unit development in January 2006. Far East has since built the Silversea condo on the plot of land.