Pine Grove up for collective sale at $1.95 bil

Pine Grove is up for collective sale at a minimum price of $1.95 billion. Located off Ulu Pandan Road in District 21, the 99-year leasehold condo has 660 residential units with a gross plot ratio of 2.1. Factoring in various incentive schemes and estimated land betterment charges, the land rate is $1,434 psf per plot ratio (ppr).

This is the fourth collective sale attempt for Pine Grove since 2008 and the third time that the condo development has achieved the requisite consensus. With a potential yield of up to 2,050 new units, subject to approval from the authorities, the tender for Pine Grove will close on Nov 29 at 3pm.

The former Housing and Urban Development Company estate is situated within walking distance to Dover and Clementi MRT, as well as well-established tertiary institutions such as the National University of Singapore, Singapore Polytechnic, and Singapore University of Social Sciences.

A sound property investment decision involves the right research and foresight. When it comes to Singapore Condo, the best strategy is to identify the up-and-coming areas with potential for development. By doing your due diligence, you may be able to capitalise on the growth in the long run. To reserve the best financial benefits, it’s best to buy before prices skyrocket and the property matures. That isn’t to say that you should purchase a pre-construction condo and wait a decade for it to be finished, as the risks may outweigh the reward in this case. It’s best to do more research and craft a game plan before investing in any Singapore Condo.

The condo is located in a prime location, offering potential homebuyers various amenities such as shopping malls, recreational facilities, and educational institutes. Map of Pine Grove condo and its surrounding facilities indicate that the area is well-connected and its surrounding is well-facilitated.

Property seekers looking to invest in Pine Grove might find the launching price and its strategic location attractive. With the existing infrastructure and extra incentive schemes, the development is set to become even more competitive in the market.

Pine Grove is an excellent collective sale opportunity for prospective buyers to benefit from the attractive pricing and the wider range of choices in terms of location and facilities. With its strategic location and additional bonuses, you can take advantage of this sale and benefit from the perks that come along with owning a piece of quality real estate in Singapore.