The Urban Redevelopment Authority (URA) has awarded the tender for a 3.9 hectare industrial site at Woodlands Avenue 12 to Wee Hur Development. Wee Hur submitted the highest bid of S$76.9 million for the site, which has a 30-year lease term and a maximum gross plot ratio of 2.5. Source : Channel NewsAsia - 4 Jul...
Land Sales
The Government on Thursday (June 26) announced the launch of three residential sites for sale this month under the first half of the Government Land Sales (GLS) Programme. The two residential sites at Fernvale Road in Sengkang and one Executive Condominium site at Choa Chu Kang Drive – which can collectively yield up to 1,700 housing units – were launched under the confirmed list, the Urban...
The Urban Redevelopment Authority (URA) and JTC have launched three sites under the Industrial Government Land Sales (IGLS) Programme, as part of the Government's efforts to offer more choices for industrial development. In a joint statement on Tuesday (June 24), the agencies said two confirmed list sites at Gambas Crescent and off Tuas South Avenue 7, and a reserve list site off Tuas South Avenue 14...
A commercial site along Paya Lebar Road that is expected to be launched for sale later this year could set the tone for the development of the Paya Lebar regional centre. That is according to some property analysts, who also say that any developer keen on the site may have to cough up more than a billion dollars, just in land cost alone. In October, the Government is expected to release a 4-hectare...
The Government on Tuesday (June 10) announced the launch of nine confirmed list and 14 reserve list sites under the second half of the Government Land Sales (GLS) Programme. These 23 sites can collectively yield up to 10,200 private residential units - including 1,500 Executive Condominium (EC) units - and 352,000 square metres (sq m) of gross floor area of commercial space, the Ministry of National...
An executive condominium site in Sembawang has been made available for sale under the Government Land Sales Programme, the Housing and Development Board (HDB) said Thursday (May 29). The 99-year leasehold site, located at Sembawang Avenue, will yield an estimated 620 residential units, HDB said. The tender for the site will close at 12pm on July 10. Source : Channel NewsAsia - 29 May...
The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) have released a commercial and residential site, and a residential site respectively for sale under the Government Land Sales (GLS) Programme. Together, the two sites can yield about 1,300 residential units. The commercial and residential site at Meyappa Chettiar Road, launched for sale under the Confirmed List, is...
A residential site at Sims Drive attracted only four bids at the close of a Housing & Development Board (HDB) tender on Tuesday. First Changi Development, a unit of Guocoland, submitted the highest bid of S$530.9 million for the 23,900.1-square-metre site. The price translates to S$687.9 per square foot per plot ratio (psf ppr). The second highest bid came from a consortium comprising Verwood...
Three sites have been launched for industrial development, under the first half of 2014 Industrial Government Land Sales (IGLS) Programme. Located at Woodlands Avenue 12, a 3.9 ha site released by the Urban Redevelopment Authority (URA) has been zoned for Business-1 development and has a 30-year tenure and a maximum permissible gross plot ratio of 2.5. A second site, at 8,922 sq m, has been released...
In another sign that the repeated rounds of cooling measures and loan curbs are taking their toll on the property market here, developers showed greater caution in their bids for a private residential site at Prince Charles Crescent in Redhill. The tender for the 268,713 sq ft site attracted seven bids at the close yesterday, with the highest offer by UOL Venture Investments and Kheng Leong Company at...