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Pine Grove Print E-mail
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Details:
Address: 1A - 1Q Pine Grove
Type: Condominium
Developer: HUDC Housing
District: 21
Yr of Completion: 1984
Tenure: 99 years
Total no of Units: 660
Unit sizes:
2 bedrooms: 1,297 - 1,389 sq ft
3 bedrooms: 1,829 - 1,922 sq ft
Maisonette: 1,853 - 1,946 sq ft
Pine Grove
Facilities:
Swimming pool
Gymnasium
Tennis
Clubhouse
BBQ
Playground
Mini-mart
24 hours security



Comments (4)
RSS comments
1. Written by billy on 18-07-2010 13:40
 
 
Mr
In line with the rising property market, the Pine Grove enbloc committee has put up a circular for the residents, with an expectation that the market price for Pine Grove estate to exceed %1.5 billion, reflecting close to 20% increase from the original level. Attempt is being made to get the 80% threshold before the end of the year.
 
2. Written by News on 24-11-2009 00:13
 
 
3rd attempt to sell in collective sale
Some homeowners at the Pine Grove estate along Ulu Pandan Road are making another attempt to sell their properties in a collective sale.  
 
This will be their third bid since 2005.  
 
MediaCorp understands that the minimum reserve price for the 660-unit unit estate is S$1.33 billion.  
 
Depending on the size of the unit and the development charge that is payable, owners stand to pocket an average of S$2 million per unit.  
 
The former HUDC estate has a land area of more than 893,000 square feet.  
 
Farrer Court, another former HUDC estate along Farrer Road, was sold for a record S$1.34 billion in 2007.  
 
Pine Grove's reserve price is higher than the S$1.2 billion price tag that the Laguna Park estate in Marine Parade had expected in its first tender in September.  
 
Even after the price was reduced later to S$967 million, the Laguna Park collective sale was called off last week.  
 
At Pine Grove, there have already been three sessions to collect signatures for the possible enbloc sale since 15 November.  
 
A fourth session is coming up next Thursday.  
 
At the upcoming session, representatives from property consultancy Jones Lang Lasalle and law firm Lee & Lee will be present to answer homeowners' questions.
 
3. Written by kenneth on 24-10-2009 02:00
 
 
Pine Grove
Another high price of $1.25 million for Pine Grove point block apartment sold in Oct '09. 
 
Selling price for such apartment is now gone up to $1.5m to $1.6m. 
 
With a land area of some 900k sqft and a plot ratio of 2.1, in the event of an enbloc sale fetching a very reasonable $650 to 700 psf ppr, each owner of Pine Grove is expected to get an average of some $1.9m to $2m, a 50% to 60% premium over the prevailing prices of apartments sold individually. Of course, Pine Grove has the potential of getting even a higher price; benchmark price with Sky Ascentia plot of land in Alexandra Road bought by Wing Tai for $700++ psf ppr
 
4. Written by Bill Chen on 21-10-2009 20:05
 
 
Mr
Recently, two sales at Pine Grove for the point blocks apartments have crossed the all-time high level of $1.15 million and $1.26 million levels , signalling some smart monies were coming in to position for possibility of en-bloc. Have heard that the enbloc committee will be renewing efforts towards the end of this year or early next year, to get that 80% yes vote; was told that earlier efforts done last year reached a high 70+% consensus.
 

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