Freehold Tulip Garden sold en bloc for $907m

A joint entity of Chinese developer Yanlord Land Group and MCL Land has bought freehold Tulip Garden for $906.9 million – the second biggest collective sale this year.

The price is 20.4 per cent higher than the reserve of $753 million submitted by owners of the 316,708 sq ft estate completed in 1985.

Tulip Garden, comprising 162 apartments and maisonettes and two shop units, is in District 10 and close to Holland Village and a Good Class Bungalow area. Continue reading

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Tulip Garden in Farrer Road up for collective sale at S$753m reserve price

SINGAPORE – The en bloc fever shows no sign of abating, with the owners of Tulip Garden in Farrer Road launching their fourth such attempt.

The freehold site in prime District 10 will be put up for collective sale via tender on Feb 28, at a reserve price of S$753 million, marketing agent Colliers International announced on Tuesday (Feb 27).

The development, which is near a Good Class Bungalow area, comprises 162 units of apartments and maisonettes and two shop units across five blocks. Continue reading