>

News

ICB Shopping Centre set for collective sale at $65-70 mil

By Tan Chee Yuen

/ EdgeProp |

September 26, 2017 5:00 PM SGT

Ask Buddy

Landed transactions with the highest profits in the past year

Past Condo rental transactions

Compare price trend of Condo new sale vs EC new sale

Condo projects with most unprofitable transactions

Condo transactions with the highest profits in the past year

Landed transactions with the highest profits in the past year

Past Condo rental transactions

Compare price trend of Condo new sale vs EC new sale

Condo projects with most unprofitable transactions

Condo transactions with the highest profits in the past year

The owners of ICB Shopping Centre had given their consent for a collective sale on September 22. It has an indicative price of $65 million to $70 million, according to Strata AMC, the agency handling the deal.

Completed more than three decades ago, ICB Shopping Centre is located on Yio Chu Kang Road and about 1 km from Nex shopping mall and Serangoon MRT station. The mixed-use development comprises six apartment units of between 1,324 sq ft and 1,550 sq ft, and 13 retail units.

The development sits on a freehold 15,548 sq ft plot with a current gross floor area (GFA) of 25,123 sq ft. It has a plot ratio of 3.0 and can be developed to a maximum permissible GFA of 46,643 sq ft. Based on its GFA, the asking price range translates to of about $1,390 psf to $1,500 psf.

Ask Buddy

Landed transactions with the highest profits in the past year

Past Condo rental transactions

Compare price trend of Condo new sale vs EC new sale

Condo projects with most unprofitable transactions

Condo transactions with the highest profits in the past year

Landed transactions with the highest profits in the past year

Past Condo rental transactions

Compare price trend of Condo new sale vs EC new sale

Condo projects with most unprofitable transactions

Condo transactions with the highest profits in the past year

Tags:

ICB Shopping Centre collective sale

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.