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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

Vivienne Tay

Published Tue, Apr 19, 2022 · 05:50 AM

Singapore property

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.