Two prime developments to be launched for en bloc sale

Reserve price for Pearlbank Apartments and Parkway Mansion hit $728m and $138m, respectively.

Two prime development sites, Pearlbank Apartments and Parkway Mansion, will be separately launched for en bloc sale on November 16.

According to Colliers International, the owners of Pearlbank Apartments in 1 Pearl Bank Road set a reserve price of $728m or $1,505 psf ppr.

It has a land area of around 82,376 sqft. The 37-storey building has a total of 288 units, composed of 280 apartments and eight commercial units, with a 99-year leasehold tenure.

It is near the Outram Park MRT Interchange and the Central Expressway (CTE).

The tender for the property will close on 19 December 2017 at 3 p.m.

Meanwhile, Parkway Mansion in 9 Amber Road has been priced $138m, excluding the $21m estimated development charge. The combined prices could translate to a land rate of $1,454 psf ppr.

This is the owners' third attempt at a collective sale.

The 32-unit freehold development looks set to undergo an urban renewal with a spate of collective sales in recent months, including The Albracca and Nanak Mansions in Meyer Road as well as Amber Park. Apartment sizes at the 17-storey development range from 1,819-1,948 sqft.

The tender for the property will close on 13 December 2017 at 3 p.m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia