The land tender for a commercial site at Venture Avenue in Jurong East has attracted nine bids. According to the Urban Redevelopment Authority (URA), Sim Lian JV (Vision) placed the top bid at about S$701 million for the 99-year leasehold site. It is about nine per cent higher than the second highest bid of S$643 million from Victory One Pte Ltd. Sim Lian JV (Vision) is jointly incorporated by Sim Lian...
Land Sales
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have launched two residential sites for sale by public tender today under the Confirmed List of the 1st half 2013 (1H2013) Government Land Sales (GLS) Programme. Together, these two sites at Kim Tian Road and Sengkang West Way (Parcel A) can yield...
The Urban Redevelopment Authority (URA) on Tuesday received nine bids at the close of the tender for a food and beverage site located at Punggol Point. Mainboard-listed property developer Fragrance Group submitted the highest bid of S$11.4 million, which translates to about S$3,790 per square metre of Gross Floor Area (GFA). This was 33 per cent higher than the second highest bid of S$8.6 million...
A total of three bids were received by the Housing and Development Board (HDB) at the close of tender for a land parcel at Commonwealth Avenue. The land parcel is nestled in the Queenstown HDB estate, just across the street from Queenstown MRT Station. The site, which has a gross floor area of over 12,000 square metres or a maximum gross floor area of over 59,000 square metres, is planned for a private...
A residential land site at Jurong West Street 41 attracted 12 bids at the close of tender by the Urban Redevelopment Authority (URA) on Tuesday. Property consultants said the high number of bids reflects the keen interest from developers. It also shows that developers' outlook on the property market has not been dampened by the recent property cooling measure announced earlier this month. Joseph Tan,...
The tender for a mixed commercial and residential site at Yishun Ring Road/Yishun Avenue 9 has attracted 13 bids. According to the Housing and Development Board (HDB), the highest bid of S$212.1 million was submitted by CEL Property - subsidiary of Singapore-listed Chip Eng Seng Corporation. This translates into about S$8,551 per square metre of gross floor area. The second highest bid was jointly...
A residential site located at Ang Mo Kio Avenue 2 has been awarded to Pinehill Investments Pte. Ltd, which lodged the top bid of S$550 million for the 99-year leasehold site, said the Urban Redevelopment Authority (URA). Launched for tender on 15 November, the site received strong interest from a total of 12 bidders, with Pinehill submitting the highest bid at S$8,502.35 psm on the site’s gross floor...
The Urban Redevelopment Authority received 12 bids at the close of tender for the residential site in Ang Mo Kio Avenue 2 on Tuesday. Pinehill Investments - a wholly-owned subsidiary of Wheelock Properties (Singapore) - was the highest bidder for the residential site for S$550 million, or S$790 per square feet per plot ratio (psf ppr). This was 2.6 per cent above the second highest bid of S$536 million...
A land parcel at 13/15 Wilkie Terrace has been sold to Roxy-Pacific Holdings for S$24.5 million. Its marketing agent, Jones Lang LaSalle, said the plot located off Dhoby Ghaut/ Selegie Road has been sold to a subsidiary of Roxy-Pacific Holdings in a private treaty deal. Jones Lang LaSalle added that the sale price of S$24.5 million reflects a land rate of S$1,259 per square foot per plot ratio based on...
The Urban Redevelopment Authority (URA) has released detailed sales conditions for an industrial site at Woodlands Avenue 12. URA said in a statement on Friday that the land parcel is released for sale under the Reserve List of the second half of this 2012's Government Industrial Land Sales programme. The 30-year leasehold plot has a site area of about 3.9 hectares and a maximum permissible gross plot...