Golden Development Pte Ltd has placed the highest bid of S$194.77 million or S$10,031 per square metre for the gross floor area of a hotel site near Amara Hotel in the Tanjong Pagar area. The Urban Redevelopment Authority (URA) said the tender for the 99-year leasehold plot at Gopeng Street/Peck Seah Street drew seven bids. The second highest bid of S$189 million for the 2,311-square metre site, with...
General
A typical Build-To-Order (BTO) project comprising five blocks of not more than 20 storeys took an average 32 months to complete in the last two years. Based on this, the HDB is confident that its contractors will be able to build and deliver most of the flats in about 2.5 years or 30 months, without compromising quality and structural safety. This is according to National Development Minister Mah Bow Tan...
Four MRT stations added to the East-West MRT line is to open in 2016. The extension, costing $3.5 billion, to serve Tuas, Tuas Crescent, Tuas West and Tuas Link would improve accessibility and connectivity for people who work in Jurong and Tuas. Travelling from Ang Mo Kio to Tuas West, for example, now takes 1hr 40min by train and bus. Once the extension is up, the trip will take 1hr 5min, saving 35...
The Urban Redevelopment Authority (URA) has awarded the tender for a hotel site at Robinson Road/Boon Tat Street to Royal Group Holdings. The company submitted the highest bid of S$86 million for the land parcel, which translates to about S$11,544 per square metre of gross floor area. Tender for the site was launched on November 2 last year and closed on January 5. The land parcel has a site area of...
JTC Corporation (JTC) will launch a tender on Tuesday to invite potential buyers to submit their business proposals to bid for properties JTC is divesting. The portfolio of properties will be divided into two tranches comprising flatted factories and amenity centres with a total area of more than 300,000 square metres, located in various parts of Singapore. The Republic's main industrial infrastructure...
The Housing and Development Board (HDB) says that a plot of land that went up for sale at Yuan Ching Road has been sold. The site was awarded on Monday to joint bidders Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and SC Wong Holdings Pte Ltd, at the tender price of S$131.6 million. The tender for the 21,199.7 square-metre site was launched on November 16 last year and it will be used for public...
CapitaLand Residential expects continued demand, price rises for private residential housing CapitaLand Residential will sell 1,700 private residential units this year out of its existing inventory of 2,500 ready-to-launch homes that it has yet to release for sale, chief executive officer Wong Heang Fine said in his first presentation to the media. The units that will be sold this year will be from some...
The Council for Estate Agencies (CEA) said it would allow estate agencies and property agents, with pending submissions or whose applications are not in order, to act provisionally till the end of this month. Some 813 property agents and 110 estate agencies have been granted this grace period. CEA urges these estate agencies and property agents to provide CEA with the supporting documents quickly. "We...
One of the oldest wards here will be getting a $460 million facelift over five years to give it a fresher look. Facilities like artistic landscaping, the latest street furniture, 3-Generation Wellness Parks, more covered walkways and vehicular drop-off points to improve accessibility will be added to Jalan Besar GRC. Unveiling the plan yesterday, MP for Jalan Besar, Dr Yaacob Ibrahim, said: "This plan...
Austville Residences is proving to be a popular executive condominium. More than 200 applications have been received for the executive condominium, as at 5pm Saturday. A total of 540 units are available. Even before the showflats were opened at 9am Saturday, about 50 people were already waiting in line. Applications are on a first-come-first-serve basis. Austville Residences, located along Sengkang...