A residential site at Tampines Avenue 10 drew 12 bids at the close of the auction on Tuesday (Apr 28), indicating strong demand from developers despite the soft property market. The Urban Redevelopment Authority (URA) said the 15,660.4 square metre 99-year leasehold site attracted a top bid of S$227.78 million from MCC Land (Singapore). This works out to around S$5,194.53 per square metre of gross floor...
Land Sales
A land parcel at Paya Lebar Road/Sims Avenue for commercial development has attracted six bids at the close of its tender on Tuesday (Mar 31). The top bid of S$1.67 billion was submitted jointly by Roma Central Pte Ltd, Milano Central Pte Ltd and Verona Central Pte Ltd. This works out to S$10,145.65 per square metre of the gross floor area (GFA). Meanwhile, the lowest bid of S$889.18 million was placed...
Home buyers will have a greater variety of private housing choices with the release of a residential sale site at Tampines Avenue 10 on Tuesday (Mar 17), the Urban Redevelopment Authority (URA) said. Under the Confirmed List of 1st Half 2015 Government Land Sales Programme, the residential sale site (Parcel D) can yield about 490 residential units, with a lease period of 99 years. With a site area of...
A residential land site at Jurong West Street 41 attracted nine bids, at the close of tender on Tuesday (Mar 10). MCL Land (Vantage) submitted the top bid of S$338.12 million for the 17,803.5-square-metre 99-year leasehold site. This translates to S$6,782.71 per square metre of the gross floor area (GFA). CBRE Research Head Desmond Sim said the number of bids received is "testament to the confidence of...
A new site at Tuas South Street 6 is up for sale, announced JTC Corporation on Tuesday (Feb 24). The 0.7-hectare site was launched for sale by public tender under the first half 2015 Industrial Government Land Sales (IGLS) Programme. The Confirmed List site is zoned for Business-2 development and has a 20-year 3-month tenure, with a maximum permissible gross plot ratio of 1.0, JTC said in its press...
A land parcel for an executive condominium (EC) development attracted relatively large number of responses at the close of the tender on Thursday (Feb 12), but the top bid received was the lowest in three-and-a-half years. The Housing and Development Board (HDB) said it received seven bids for the EC land parcel at Woodlands Avenue 12. Hao Yuan Investment submitted the top bid of S$103.79 million, which...
A land parcel at Anchorvale Crescent for an executive condominium (EC) housing development attracted just three bids at the close of the tender on Tuesday (Jan 20), attesting to weaker sentiment in Singapore's housing market. Sim Lian Land submitted the top bid of S$157.8 million for the 17,450.10 square metre 99-year leasehold site, which can be used to develop an estimated 525 dwelling units, the...
The tender for an industrial site at Tuas South Street 9 has been awarded to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, at a tendered sale price of S$7,038,000. In a press release on Monday (Jan 19), JTC Corporation (JTC) said the tender for the site had attracted four bids. The site has an area of 8,369 square metres with a tenure period of 20 years and seven...
The Government is tightening the supply of industrial land. A total of 14 sites have been placed under the Industrial Government Land Sales (IGLS) Programme for first half of 2015 - one fewer than for the preceding six months. Of the 14, nine sites have been placed on the Confirmed List. Of these, three are located at Tampines Industrial Drive, four at Tuas South, and one each at Woodlands Avenue 10 and...
JTC Corporation (JTC) said on Tuesday (Dec 16) that it will offer two sites in Tuas for sale by public tender. The first site, which is on JTC's Confirmed List, is a 0.8-hectare piece of land at Tuas South Street 11 that had been zoned for Business-2 development. The site has a 20-year five-month tenure with a maximum permissible gross plot ratio of 1.0. The tender closes on Feb 10, 2015. Mr...