EL Development has placed the top bid of S$314.1 million or S$551.15 per square foot per plot ratio (psf ppr) for a 99-year private condominium site at West Coast Vale. The state tender attracted six bids. The second highest bid, from a tie-up involving Hoi Hup Realty, Sunway Developments and Oriental Worldwide Investments, was nearly S$534 psf ppr. The lowest bid, from a joint venture between...
Land Sales
The Urban Redevelopment Authority (URA) on Tuesday (Jun 30) released detailed sales conditions for the second commercial site at Woodlands Square. The land parcel is available for sale under the Reserve List of the first half 2015 Government Land Sales (GLS) Programme. The second commercial site will be in the Woodlands Regional Centre and will sustain the development momentum of the precinct as a key...
Fourteen sites were released for sale under the Industrial Government Land Sales Programme for the second half of 2015 on Monday (Jun 29) by the Ministry of Trade and Industry (MTI). According to MTI, there will be 10 sites in the Confirmed List and four sites in the Reserve List, with a total site area of 14.3 hectares. The Government will continue to release sufficient land through the programme to...
On Friday (Jun 26), JTC Corporation (JTC) announced it has awarded the tender for an industrial site at Tampines Industrial Drive (Plot 4) to Sim Lian Construction Co at S$5,900,000. The tender for the site was launched on Mar 31 and closed on May 26. A total of three bids were submitted with Sim Lian Construction Co being the highest tenderer. Spanning 5,686.3 square metres, the land parcel has a...
A residential site near the Queenstown MRT drew a top bid of S$483.18 million at the close of a tender on Tuesday (Jun 23), indicating strong demand from developers for well-located sites in mature housing estates. The Housing and Development Board (HDB) said the 10,516.1 sqm, 99-year leasehold site at Dundee Road attracted a total of nine bids, with the highest bid coming from HY Realty, which works...
Despite sluggish sales of new private homes, a residential site in Toa Payoh drew a massive 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates. The Housing and Development Board (HDB) said the 12,154.6 square metre, 99-year leasehold site at the junction of Lorong 6 and Lorong 4 Toa Payoh attracted a top bid of S$345.86...
A residential site in Toa Payoh drew 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates. The Housing and Development Board (HDB) said the 12,154.6 square metre, 99-year leasehold site at the junction of Lorong 6 and Lorong 4 Toa Payoh attracted a top bid of S$345.86 million from a group that includes Evia Real Estate,...
A residential site at West Coast Vale has been released for sale under the confirmed list of the first half of the Government Land Sales (GLS) Programme, the Urban Redevelopment Authority (URA) announced on Thursday (Jun 18). The site, which spans about 19,000 square metres (sq m) and has around 53,000 sq m in permissible gross floor area, can potentially yield about 595 residential units, URA...
The Ministry of National Development (MND) said on Thursday (Jun 11) that it has launched four Confirmed List sites and 13 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2015. The Confirmed List sites comprise three private residential sites at Alexandra View, Clementi Avenue 1 and Siglap Road, and an Executive Condominium (EC) site at Yio Chu Kang...
JTC Corporation has launched two Confirmed List sites and one Reserve List site under the Industrial Government Land Sales programme. Under the Confirmed List, the 0.6 ha site at Tuas South Link 2 and 0.5 ha site at Tampines Industrial Drive have a 20-year tenure and a maximum permissible gross plot ratio of 1.4. The tenders will close on Jul 21 at 11:00am, said JTC in a news release on Tuesday (May...