{"id":123962,"date":"2021-12-24T02:50:06","date_gmt":"2021-12-23T19:50:06","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condominium-enters-private-treaty-negotiations-process\/"},"modified":"2021-12-24T11:20:44","modified_gmt":"2021-12-24T04:20:44","slug":"lakepoint-condominium-enters-private-treaty-negotiations-process","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condominium-enters-private-treaty-negotiations-process\/","title":{"rendered":"Lakepoint Condominium enters private treaty negotiations process"},"content":{"rendered":"


\nLocated at Lakepoint Drive, the 309-unit Lakepoint Condominium, which sits on a 562,286 sq ft site, fell short of its reserve price of $640 million.
\nLakepoint Condominium closed its collective sales tender with offers falling short of its reserve price and has now entered the private treaty negotiation process, reported The Business Times citing PropNex Realty.
\nThe 309-unit development was launched for en bloc sale on 21 October this year carrying a reserve price of $640 million.
\nPropNex Head of Investment and Collective Sales Tracy Goh believe the 10-week private treaty negotiation process will provide interested parties \u201cample time\u201d to review their plans and strategies, given the new property cooling measures.
\n\u201cWe remain cautiously optimistic about the collective sale tender given the attractive site location and the limited new private housing supply in the immediate areas.\u201d
\nThe government introduced new property cooling measures on 16 December, which include higher Additional Buyer\u2019s Stamp Duty (ABSD) rates, to curb the exuberance within the housing market.
\nWith the new measures, developers face an ABSD rate of 35%, up from 25% previously. BT reported that property analysts expect developers to be more cautious with their land acquisitions and the collective sale buzz to fizzle out.
\nLakepoint Condominium is a 99-year leasehold development that occupies over 562,286 sq ft. Located near Jurong Lake District and Lakeside MRT station, the site is zoned for Residential use under the 2019 Masterplan with a plot ratio of 1.4.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Lakepoint Condominium enters private treaty negotiations process<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located at Lakepoint Drive, the 309-unit Lakepoint Condominium, which sits on a 562,286 sq ft...<\/p>\n","protected":false},"author":1,"featured_media":123963,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Lakepoint-2.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wfo","jetpack-related-posts":[{"id":109296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condominium-up-for-en-bloc-sale-for-640m\/","url_meta":{"origin":123962,"position":0},"title":"Lakepoint Condominium up for en bloc sale for $640m","date":"July 24, 2019","format":false,"excerpt":"\r Lakepoint Condominium near Jurong Lake District has been put up for collective sale via public tender, carrying a reserve price of $640 million, reported The Business Times. Developed by Jurong Town Corporation, the 36-year-old property comprises 304 residential units that range from studio units to penthouses, as well as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condo-eyeing-en-bloc-sale-site-bigger-than-shunfu-ville\/","url_meta":{"origin":123962,"position":1},"title":"Lakepoint condo eyeing en bloc sale, site bigger than Shunfu Ville","date":"July 26, 2017","format":false,"excerpt":"\r View of the Lakepoint condominium at Lakepoint Drive. (Photo: Jianwei Huang) Owners of the ageing Lakepoint condominium near Lakeside MRT station are believed to be exploring opportunities to go en bloc in the next two years, or even earlier, according to some residents with knowledge of the matter. PropertyGuru\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123929,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-hopefuls-march-ahead-with-tenders-despite-new-curbs\/","url_meta":{"origin":123962,"position":2},"title":"En bloc hopefuls march ahead with tenders despite new curbs","date":"December 22, 2021","format":false,"excerpt":"\r Despite the increased ABSD rates for developers, tenders for properties such as Lakepoint Condominium, Dublin Lodge, Sixth Avenue Centre, Baode Building, and Hillview Terrace will continue. Projects with ongoing collective sale tender exercise continue as planned even as analysts expect the new property cooling measures to take the wind\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/singapore-prime-district.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":127017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-ramps-up-confirmed-private-housing-supply-for-2h-2022-paya-lebar-air-base-site-to-be-transformed-into-heritage-district-and-more\/","url_meta":{"origin":123962,"position":3},"title":"Government ramps up confirmed private housing supply for 2H 2022, Paya Lebar Air Base site to be transformed into heritage district and more","date":"June 14, 2022","format":false,"excerpt":"\r Government ramps up confirmed private housing supply for 2H 2022, Paya Lebar Air Base site to be transformed into heritage district and more7th June to 13th June 2022 The Government has raised the supply of private housing on the Confirmed List under the Government Land Sales (GLS) programme for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/06\/singapore-prime-district.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":125906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-rise-at-slower-pace-in-q1-and-more\/","url_meta":{"origin":123962,"position":4},"title":"Private home prices, HDB resale prices rise at slower pace in Q1 and more","date":"April 25, 2022","format":false,"excerpt":"\r 19th April to 25th April 2022 Despite the property cooling measures, private home prices continued to increase in the first quarter of 2022, albeit at a much slower pace of 0.7%. HDB resale prices also increased at a slower pace of 2.4% in Q1 2022. \u00a0 1) Private home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/04\/singapore-ann-siang-hill.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113697,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-fong-court-condominium-up-for-collective-sale-for-s108m\/","url_meta":{"origin":123962,"position":5},"title":"Wing Fong Court condominium up for collective sale for S$108m","date":"January 17, 2020","format":false,"excerpt":"\r Meanwhile, the adjacent condo, Wing Fong Mansions, might also be put up for collective sale soon. Image: Google Wing Fong Court in Geylang has been put up for collective sale by PropNex Realty with a $108 million reserve price, reported The Business Times. The freehold condominium located at 10\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123962"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123962"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/123963"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}