MINBU VILLA · Enbloc · Review · Price Trend · Floor Plans ·

Completed in 1981, the 10-storey development comprises 33 apartments and a penthouse.

Minbu Villa relaunches collective sale with 60% of owners wanting to lower reserve price


Completed in 1981, the 10-storey development comprises 33 apartments and a penthouse.

Nov 20, 2018, 6:39 pm SGT
SINGAPORE – Faced with the cooling collective sale market, Minbu Villa, a freehold residential development in Novena, is going up for tender again at S$145.8 million, but could see the reserve price lowered if 80 per cent of the owners agree.

Its earlier attempt this year was launched in March and closed on April 17 without a winning bidder.

This time, more than 60 per cent of the owners by share value and strata area have signed a supplemental agreement to lower the reserve price to S$129.1 million, translating to a land rate of S$1,200 per sq ft per plot ratio (psf ppr). The site has a land area of 38,426 sq ft, and a gross plot ratio of 2.8. Completed in 1981, the 10-storey development comprises 33 apartments and a penthouse …..

For the full article, pls visit:

https://www.straitstimes.com/business/property/freehold-minbu-villa-up-for-collective-sale-again-at-s1458m

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BEFORE YOU LEAVE …

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