Aug 22 saw the launch of collective sale tenders for two former HUDC estates - Florence Regency and Normanton Park - at a reserve price of $600 million and $800 million respectively.
Meanwhile, owners at Park West condominium are attempting a collective sale of the property at $750 million, subject to receiving the required approval of 80% of its homeowners.
So far in 2017, there have been nine collective sales sites that have received bids – including that of Citimac Industrial Building and 1 Draycott Park – worth a total value of approximately $3.5 billion.