Property developers may be taking a more “conservative” stance when bidding for land, said analysts after the Urban Redevelopment Authority (URA) closed the tenders for two private residential sites at Upper Serangoon View yesterday. The adjacent land parcels attracted eight bids each, with Kingsford Development, owned by Chinese nationals, coming in top for both sites at S$258.8 million and S$201.6...
Land Sales
JTC Corporation (JTC) on Friday launched a plot of land in Woodlands Industrial Park E9 and another three at Tuas South Streets 11 and 13 for sale by public tender. JTC said all four sites are zoned for Business-2 development which means the area may be used for industry, warehouse, utilities and telecommunication purposes within a prescribed nuisance buffer zone. The 18,394.1 square-metre site at...
Kingsford Development submitted the highest bids for the two 99-year leasehold private residential sites at Upper Serangoon View. The two adjacent plots were put up for sale under the batch tender closing system, aimed at ensuring more prudent bids from developers. The Urban Redevelopment Authority (URA) said the first plot, Parcel A, attracted a total of eight bids. Kingsford Development placed...
The Urban Redevelopment Authority (URA) has launched a hotel site at East Coast Road for sale by public tender. With a gross floor area of about 24,716 square metres, the land parcel is located at the junction of East Coast Road and Joo Chiat Road. The 99-year leasehold plot also contains the former Joo Chiat Police Station, which shall be restored as part of the future hotel development. The...
To provide developers and home-buyers with more choices for private housing, the Housing & Development Board (HDB) and the Urban Redevelopment Authority (URA) will be releasing four residential sites for sale in November 2013 under the Government Land Sales (GLS) Programme for the second half of 2013 (2H2013). Together, these four sites can yield about 2,350 residential units. The first land parcel at...
The hotel development site at Havelock Road has attracted nine valid bids at the close of tender on Tuesday. The Urban Redevelopment Authority said the top bid of S$30.09 million was submitted by I Hotel. This translates to a record land price of S$1,303 per square foot per plot ratio (psf ppr). The next three highest bids also reflect bullish sentiment with submissions ranging from S$26 million...
The Urban Redevelopment Authority (URA) will be launching a hotel site at East Coast Road for sale by public tender. The authority said it had accepted an application from a developer for the site to be put up for public tender. The developer had committed to bid at a price of not less than S$160 million in the tender for the land parcel which is located at the junction of East Coast Road and Joo...
The Real Estate Developers' Association of Singapore (REDAS) said it hopes the Singapore government will moderate and calibrate its land sales programme. It said this is to ensure that land supply is injected at an appropriate pace that will contribute to the overall health of the market REDAS President Chia Boon Kuah said: "As long as homes are purchased with sound reasoning, we believe in riding...
Five sites at Tuas South and Gambas Crescent have been launched for sale under the Industrial Government Land Sales (IGLS) programme on Thursday. In a joint statement, the Urban Redevelopment Authority and JTC Corporation said the launch is part of the government's continuing efforts to offer more choices for industrial development. URA and JTC said the three sites at Tuas South Street 10 each have a...
The government has released two residential sites for sale on Thursday under the 2nd half 2013 Government Land Sales Programme. These two sites can yield about 980 residential units. The Housing & Development Board launched the executive condominium site at Westwood Avenue for sale under the Confirmed List. The Urban Redevelopment Authority made the land parcel at Lorong Lew Lian available for...