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Lakepoint up for en bloc again at same S$640m reserve price
Condo recently obtained URA approval for higher height redevelopment, which enhances the site's attractiveness, says PropNex
Published Tue, Apr 19, 2022 · 05:50 AM
EN BLOC hopeful Lakepoint Condominium will be relaunched for collective sale again on Apr 19, exclusive marketing agency PropNex Realty said on Monday (Apr 18).
The last tender had closed without a bid on Dec 22, 2021. Owners of the Jurong condominium development then entered into a "private treaty negotiation process".
The reserve price for the latest tender remains unchanged at S$640 million. This translates to a land rate of S$959 to S$982 per square foot per plot ratio, including the development charge and a lease top-up premium from JTC.
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