Loyang Valley condo to make third collective sale bid at $880m

Loyang Valley condominium in Changi will be making a third attempt at a collective sale, with a reduced reserve price of $880 million.

- Joyce Lim

The lower reserve price, which is $100 million less than that in its last tender in 2022, "reflects a realistic and achievable figure given current market conditions", said Mr Terence Lian, head of investment sales for the appointed marketing agent, Huttons Asia.

In 2022, the collective sale committee initially proposed a reserve price of $880 million but raised it to $980 million after some owners sought higher returns. No bids were received when the tender closed on Dec 15 that year.

In May 2025, Mr Lian and his team of property salespeople successfully obtained the requisite 80 per cent mandate to proceed with the collective sale.

The public tender for Loyang Valley is expected to launch on July 8 and close on Aug 26.

The 362-unit condominium in Changi is a sprawling resort-style estate spanning 840,648 sq ft, with 56 years remaining on its 99-year lease. Its construction was completed in 1985.

This round marks a significant shift in seller expectations, noted Mr Lian.

"Several factors have motivated owners to support the collective sale, including lease decay, ongoing maintenance issues associated with the ageing property, the opportunity to unlock asset value with a premium, and considerations related to legacy planning," he said.

"The confirmed Cross Island Line's Loyang MRT station was factored into our analysis and positively influenced the site's future potential."