Soilbuild opts to auction 3 biggest units at Leonie Parc View

[ahlahdin]

Soilbuild opts to auction 3 biggest units at Leonie Parc View

By Loh Kim Chin, Channel NewsAsia | Posted: 21 May 2007 2257 hrs

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SINGAPORE : Yet another property developer is taking the auction route to sell its high-end luxury homes.

Soilbuild plans to hold an exclusive international auction for its three biggest units at Leonie Parc View on Leonie Hill Road next month.

The auction will be jointly conducted by Christie's Great Estates and Colliers International.

Soilbuild says it hopes to reach out to a wider group of international investors through the auction.

Prospective buyers overseas may place their bids via the telephone.

Leonie Parc View comprises 44 units.

Following roadshows in Hong Kong and Indonesia, 18 out of 20 units released have been sold, at prices averaging between S$2,600 and S$3,000 per square foot. - CNA/ms

[mr funny]

Published May 22, 2007

Soilbuild to sell penthouses, sky villa via auction


SOILBUILD will sell a 'sky villa' and two penthouses in its freehold 44-unit Leonie Parc View through an auction by Christie's and Colliers International, the developer said yesterday.

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Wide appeal: The sky villa and penthouses at Leonie Parc View are expected to command prices of around $3,200 to $3,600 psf

'We expect the sky villa and penthouses to appeal to both foreign and local investors, commanding prices in the region of $3,200 to $3,600 per square foot (psf),' said Grace Ng, Colliers International's auctioneer. Colliers will jointly conduct the auction with Christie's Great Estates exclusive affiliate Ken Jacobs.

Leonie Parc View is located on Leonie Hill Road in the prime District 9. The development comprises one sky villa, three penthouses and 40 four-bedroom units.

The project has been previewing overseas since late April. Following roadshows in Hong Kong and Indonesia, 18 of the 20 units released were sold through private placements to overseas buyers, with prices ranging from $2,600 to $3,000 psf, said Jerry Tan, managing director of property firm JTResi, which is handling the preview sales. The rest of the units will be released at a later date, Soilbuild said.

The double-storey sky villa is an expansive 7,000 sq ft and comes with a private lap pool on its upper level. The other two penthouses are 2,900 and 3,000 sq ft. The by-invitation-only auction is slated for June 8 at 3pm at the Raffles Hotel.

Low Soon Sim, executive director of Soilbuild, said: 'Through this auction, we intend to reach out to a wider group of international investors seeking a presence in a global city like Singapore.'