The tenders for the first two industrial land parcels in the Industrial Government Land Sales (IGLS) Programme for the first half of this year closed on Tuesday with healthy interest, although the offers were relatively conservative, analysts said. The tender for Plot 45 at Tuas South Street 6 attracted eight bids, with the highest bid from SH Design & Build at S$5.3 million or S$70.17 psf ppr. Down...
Land Sales
A government tender for a commercial site in the Woodlands Regional Centre drew strong response, with a consortium that included Far East Organization submitting the highest bid of S$634 million, the Urban Redevelopment Authority (URA) said on Tuesday. The bid by the consortium comprising Far East Organization, Tannery Holdings and Sekisui House for the Woodlands Square site works out to around S$906...
The government has released three land parcels for private housing which are expected to yield some 1,300 units. In a joint news release, the Housing and Development Board and the Urban Redevelopment Authority said those three sites are released for sale under the first half of this year's Government Land Sales programme. Two adjacent sites at Yishun Street 51 have been launched for sale under the...
A residential site at Yishun Avenue 9 attracted just five bids at the close of an Urban Redevelopment Authority (URA) tender on Tuesday, attesting to the weakened sentiment in the property market. EL Development submitted the highest bid of S$278.8 million for the 20,553.8 square metre site. The price translates to around S$4,844 per square metre of gross floor area. The other bidders for the site...
The first land parcel in the Government Land Sales (GLS) programme for the first half of this year was released for sale by the Urban Redevelopment Authority (URA) yesterday, with analysts expecting keen interest for the attractively located site as developers look to build up their land banks. However, bids for the 99-year leasehold Prince Charles Crescent site are likely to fall well short of the...
MCL Land (Brighton) submitted the highest bids for two 99-year leasehold sites for Executive Condominium (EC) development at Chua Chu Kang Grove. The two adjacent plots were put up for sale under the batch tender closing system, aimed at ensuring more prudent bids from developers. According to the Housing and Development Board (HDB), the first plot, Parcel A, attracted a total of seven bids. The...
The use of productive technologies will soon be mandated for selected Government Land Sales (GLS) sites in tender conditions. These technologies include prefabricated bathroom units. This was announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam in Parliament during his Budget Speech on Friday. Mr Tharman said the move is part of efforts to transform the eco-system of the...
A land site for an executive condominium (EC) development at Anchorvale Crescent has attracted 12 bids at the close of tender on Thursday. According to the Housing and Development Board (HDB), Phoenix Real Estate submitted the highest bid of S$192.89 million, which is 1 per cent higher than the second top bid of S$191 million from MCL Land. Phoenix Real Estate is a wholly-owned subsidiary of SGX...
A sales tender for a hotel site housing the former Joo Chiat police station at East Coast Road has attracted eight bids. According to the Urban Redevelopment Authority (URA), a consortium comprising Master Contract Services and Keong Hong Construction submitted the top bid of S$352.8 million. This was around 10 per cent higher than the second highest bid of S$321.3 million put in by CEL Residential...
A sales tender for a private residential site at Upper Paya Lebar Road has attracted seven bids, said the Urban Redevelopment Authority (URA) on Tuesday. UOL Overseas Investments submitted the top bid of S$392.3 million for the 99-year leasehold site. The bid was about 3.7 per cent more than the second highest bid of S$378.3 million from EL Development. The lowest bid of about S$205.9 million was...