The Urban Redevelopment Authority (URA) on Wednesday released the detailed sales conditions for the land parcel at Rangoon Road/Farrer Park Station Road. The hotel site is part of the Reserve List of the Government Land Sales (GLS) Programme for the second half of 2011. Measuring 0.3 hectare, the site can generate a gross floor area of about 13,004 sq m. The land parcel is above the Farrer Park MRT...
General
The Housing & Development Board (HDB) will be amending the balloting rules to improve the chances for second-time buyers of new HDB flats. Unlike first-time buyers, second-time buyers only have one chance at the ballot, and are eligible for only five per cent of new Build-to-Order flats. Writing in his blog, Minister for National Development Khaw Boon Wan said the review will take place towards the...
Seventy-three per cent of newlyweds who are first-time flat buyers were invited to make a selection in the Build-to-Order (BTO) exercise for HDB flats this July. This was revealed by National Development Minister Khaw Boon Wan in his latest blog entry where he provided a breakdown of selection results for the July BTO exercise. Mr Khaw said with ramped-up construction and priority treatment, newlyweds...
The government has announced the full alignment for the 21.5-kilometre-long North-South Expressway (NSE), with the southern segment unveiled on Tuesday. The final 5.6-kilometre stretch of the expressway will be an underground tunnel beginning from Toa Payoh Rise and ending at East Coast Parkway. It will pass along Thomson Road, Bukit Timah Road and Ophir Road before leading to the East Coast Parkway...
HDB residents affected by the land acquisition of Rochor Centre have said they are sad to leave their convenient and familiar surroundings. Come 2016, the 567 households there will have to say goodbye to their estate. This is to make way for the North-South Expressway's (NSE) southern stretch that will be an underground tunnel from Toa Payoh Rise to East Coast Parkway. Some residents have been living...
The tender for a Government Land Sales (GLS) site at Yishun Avenue 1/Miltonia Close has closed with a total of eight bidders, according to the Housing & Development Board (HDB). The top bid of S$138.9 million came from a joint tender by T G Development and Master Contract Services. The top bid translates to a land price of about S$364 per square foot per plot ratio (psf ppr). S L (Serangoon)...
The number of private homes sold in October went down by 14.9 per cent. Latest figures from the Urban Redevelopment Authority showed 1,387 private units were sold in October. That's 244 units lower than the month before. In September, 1,631 units were sold. Developers turned cautious in October and held back on new launches - only 1,337 units were launched. Dr Chua Yang Liang, head of research &...
The authorities appear to be in a dilemma: Get the best price from land sales to fill the government coffers, or bring the cost of business down. The recent rejection of a bid by United Overseas Land (UOL) and sister company Singapore Land for a parcel of land in Paya Lebar (picture) leaves not only the lone bidder peeved but the public somewhat confused. The Urban Redevelopment Authority (URA) rejected...
Chateau Eliza, a prime freehold residential development along Mount Elizabeth off Orchard Road, has been put up for collective sale. Its marketing agent Knight Frank said the17,997 square-foot property has a price guide of S$111 million to S$115 million. It added that translates to a land price of S$2,099 per square foot per plot ratio (psf ppr) to S$2,174 psf ppr based on the proposed gross floor area...
Thomson View Condominium has been put up for sale with an indicative asking price of between S$595 million and S$635 million, said its marketing agent HSR Investment Sales. That translates to about S$694 to S$732 per square foot of potential gross floor area for the residential site located along Upper Thomson Road in District 20. This includes an upgrading premium of about S$130 million to top up the...