>

Maxwell House relaunched for collective sale at $268 mil

By Charlene Chin

/ EdgeProp Singapore |

April 7, 2021 3:12 PM SGT

SINGAPORE (EDGEPROP) - Maxwell House, at 20 Maxwell Road, has been put up for collective sale for the second time at a lower reserve price of $268 million, a drop from its previous reserve price of $295 million, according to Cushman & Wakefield, which is marketing the property.

Maxwell House (Credit: Cushman & Wakefield)

Maxwell House is built on a trapezoidal island plot with views from all four sides of the building, and currently comprises a 13-storey commercial building on a site of 41,799 sq ft.

The property is a two-minute walk to the upcoming Maxwell MRT Station on the Thomson-East Coast Line.

“The launch of the earlier tender in September 2020 was uneventful as the market was still reeling from the economic fallout due to Covid-19,” says Christina Sim, director of capital markets at Cushman & Wakefield.

However, “the real estate market is now embarking on a path of recovery with developers looking at land banking again. Investors are coming back into action and confidence is returning to the market”, she says. “With these encouraging signs, we expect interest in this site to be robust.”

The tender for 20 Maxwell Road will close on May 6 at 3pm.

Check out the latest listings near Maxwell House, Maxwell MRT Station

Tags:

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

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

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.