The tender for three executive condominium housing development sites closed on Tuesday with the land parcel at Yuan Ching Road drawing a whopping 16 bids. This is the highest number of bids for an executive condominium site in 16 years. Meanwhile, the land parcels at Punggol Central and Punggol Drive drew eight and six bids respectively. The top bid for the Yuan Ching Road site came from a...
Land Sales
An industrial site at Woodlands Industrial Park E9 has attracted 10 bids, according to the Urban Redevelopment Authority (URA). Incorporated Woodlands, a subsidiary of Incoporated Builder, was the top bidder for the 30-year lease land parcel with a bid of S$72.69 million. This works out to be approximately S$161 per square foot per plot ratio. The top bid was about 50 per cent more than the second...
A residential site in Tampines had attracted 10 bids at the close of its tender on Tuesday, according to the Urban Redevelopment Authority (URA). MCC Land (Singapore) Pte Ltd is the highest bidder at S$289.7 million for the 184,000 square feet land parcel. This works out to S$562 per square foot per plot ratio. The top bid is 7.6 per cent higher than the second-highest bid of S$269.2 million...
The government has released a hotel site at Havelock Road for application from interested developers. In a statement, the Urban Redevelopment Authority (URA) said it has released the detailed sales conditions for the land parcel, which consists of three conserved warehouse buildings fronting the Singapore River. The plot is on the Reserve List for the first half 2013 Government Land Sales (GLS)...
The National Development Ministry (MND) said sites identified for the Government Land Sales (GLS) programme for the second half of 2013 will yield about 14,200 private residential units. This includes 3,300 Executive Condominium (EC) units. The sites can yield 268,000 square metre (sqm) gross floor area (GFA) of commercial space and 960 hotel rooms. MND said the supply from the GLS programme,...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Coronation Road to Athens Residential Development Pte. Ltd. The company submitted the highest bid in the tender for the site of S$366 million, about S$908.17 per square foot. Tender for the residential site was launched on 28 March 2013 and closed on 20 June 2013. The land parcel was offered for sale on a 99-year...
The Singapore government has set aside about 22.84 hectares of industrial land for the second half of this year. The Trade and Industry Ministry has placed a total of 22 sites under its Industrial Government Land Sales Programme. Analysts said medium-sized firms are most likely to benefit from this pipeline of land supply, which consist mostly of small sites with a shorter tenure. The government...
The Urban Redevelopment Authority (URA) launched a 0.8-hectare commercial site at Cecil Street/Telok Ayer Street for public tender on Tuesday. URA had earlier received a commitment from a developer to bid at least S$623.73 million for the site. Under the Reserve List system, the site will be put up for sale by public tender as the minimum price committed by the developer is acceptable to the...
The Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing three residential sites and two commercial-and-residential sites for sale in June 2013 under the Government Land Sales Programme for the first half of 2013. Together, these five sites can yield about 3,600 residential units. Two Executive Condominium sites at Punggol Drive and Yuan Ching Road are launched...
The consortium comprising FCL Topaz, Far East Orchard and Sekisui House has won the bid to develop a land parcel at Fernvale Close. It topped eight bids with a S$257-million offer. That is 2 percent more than the second-highest bid placed by MCC Land. HDB estimated some 495 units will be built. Analysts estimate the developers will price the suburban units at S$1,200 per square foot. The top...