The sales tender for two industrial sites at Gambas Crescent drew good response from developers. Grow-Tech Properties has lodged the highest bids for both plots, according to details from the Urban Redevelopment Authority. The first site - Parcel 1 - has attracted a total of six bids, with a top bid of S$44.77 million from Grow-Tech Properties and is 48.5 percent higher than the next highest...
Land Sales
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) has released two residential sites at Upper Serangoon View for sale today. The two land parcels at Upper Serangoon View, which are adjacent to each other and can yield a total of 920 residential units, are launched for sale under the Confirmed List of the 2nd half 2013 Government Land...
JTC Corporation (JTC) launched three sites for sale by public tender on Friday under the industrial government land sales programme. The plots are located at Tai Seng Street and Tuas South Street 6 and 7. When developed, JTC said the 11,780 square metre site at Tai Seng Street will be part of the Paya Lebar iPark. The new industrial park is a pilot project by JTC for small and medium-sized...
A residential site at Mount Sophia attracted nine bids at the close of its tender on Tuesday, according to the Urban Redevelopment Authority (URA). The highest bid was submitted by a consortium comprising Hoi Hup Realty, Sunway Developments and S C Wong Holdings at S$442.28 million. This works out to a land price of S$1,157 per square foot per plot ratio (psf ppr). The top bid is only 0.1 per cent...
A land site in Yishun for mixed commercial and residential development attracted five bids at the close of its tender on Thursday, according to the Housing and Development Board (HDB). Frasers Centrepoint, through its units North Gem Development & FC North Gem Trustee, submitted the highest bid of S$1.43 billion for the land parcel at Yishun Avenue 2/Yishun Central 1. This works out to about S$1,077...
The government will be launching a hotel site at Havelock Road for sale by public tender in two weeks’ time. The Urban Redevelopment Authority (URA) said the site on the government's reserve list was triggered for sale after a developer had committed to bid at a price of not less than S$18 million for the site. Under the Reserve List system, a site will only be put up for tender if the developer's...
JTC Corporation (JTC) and Urban Redevelopment Authority (URA) on Thursday released four industrial sites for sale by public tender. Offered under the Second Half 2013 Industrial Government Land Sales (IGLS) programme, the sites will provide more choices for industrial development. The four sites have a total land area of 3.4 hectares. Two sites in Tuas South, plots 4 and 28, have a 21-year 9-month...
A commercial site at Cecil Street/Telok Ayer Street attracted four bids at the close of tender yesterday, with the top bid of S$924 million coming from Fraser & Neave unit FC Commercial Trustee, data from the Urban Redevelopment Authority showed. The 99-year leasehold site, originally made available through the Reserve List of the Government Land Sales programme last December, was put up for tender in...
A commercial site at Cecil Street/Telok Ayer Street has attracted four bids at the close of its tender on Thursday. The top bid was submitted by Frasers Centrepoint through FC Commercial Trustee Pte Ltd for S$923.95 million. This works out to about S$1,111 per square foot per plot ratio. The lowest bid came in at S$707 million from AT Capital Holdings. Analysts expect the break-even for this site to...
Singapore's second-largest developer City Developments (CDL) said it is not looking to put in top-dollar bids on land tenders just to grow its land bank in Singapore. This is due to the so-called "qualifying certificate", which requires developers of high-end residential projects to sell their new homes within two years. CDL's Executive Chairman Kwek Leng Beng said: “It will be suicidal to keep on...