A land parcel at Westwood Avenue for executive condominium (EC) development has attracted 12 bids at the close of tender on Tuesday. The Housing and Development Board (HDB) said the top bid of S$198.9 million came jointly from Changi Properties and Heeton Homes. This translates to a land price of S$382 per square foot per plot ratio. The next highest bid of S$198 million is a joint tender from...
Land Sales
JTC Corporation (JTC) has launched four plots of land at Tuas South for sale by public tender on Friday. The four land parcels are located at Tuas South Streets 6, 11 and 13, and are zoned for Business-2 development with a lease of 21 years and five months. The sites, with land areas ranging from 4,551.4 square metres to 7,447.4 square metres, have maximum permissible gross plot ratios of 1.0. The...
The government is scaling back the supply of land for residential development in the first half of next year, a move that analysts said made sense in light of the softening market and the large supply of homes already being developed. The Ministry of National Development (MND) said yesterday seven residential sites and one mixed-development land parcel — mainly located away from the central region —...
The location of several sites in the upcoming government land sales programme could put pressure on some developers, especially those with unsold private residential units or yet-to-be launched projects in the area -- this is according to some property analysts. Market watchers told Channel NewsAsia some developers may have to cut prices to move sales. The private residential market will see a...
The government will be releasing eight confirmed list sites and 15 reserve list sites under the Government Land Sales (GLS) programme for the first half of next year. The sites can yield up to 11,600 private residential units, including 2,800 executive condominium (EC) units, and 193,000 square metres (sqm) gross floor area (GFA) of commercial space. The number of units for the first half of next...
Developers will likely moderate their bids for the two executive condominium (EC) sites in Choa Chu Kang Grove that were released for sale yesterday, as recent changes to the rules governing the hybrid private-public housing scheme are expected to hit demand from upgraders. The adjacent sites with identical areas of 177,120 sq feet, released under the Confirmed List of the Government Land Sales...
The Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA) said today (Dec 16) that they are releasing five residential sites for sale this month under the 2nd half 2013 (2H2013) Government Land Sales (GLS) Programme. The five land parcels are expected to yield about 3,000 residential units collectively, the HDB and URA said in a joint statement issued this morning. Sale of...
The trade and industry ministry today (Dec 16) launched its Industrial Government Land Sales Programme (IGLS) for the first half of 2014 with eight Confirmed List sites and five on the Reserved List with a total site area of 20.42 hectares. The Ministry of Trade and Industry (MTI) said in a statement this morning that “proposed land quantum for the first half 2014 reflects a continuation of the...
The tender for the industrial site at Gambas Crescent (Parcel 3) attracted a total of four bids, with Grow-Tech Properties placing the highest bid at S$39.33 million. According to data from the Urban Redevelopment Authority (URA), Grow-Tech Properties' bid is 21 per cent higher than the second highest bid by First Shine Management Services. The other two bidders were Eco-I which submitted a bid of...
A private residential site next to the Aljunied MRT Station from the government's reserve list has been triggered for sale. The Urban Redevelopment Authority (URA) said it had accepted an application from a developer, which has committed to bid at least S$95 million for the site. The land parcel was made available for sale through the Reserve List system on May 15. As the minimum price committed...