Stronger than expected bids were submitted for a parcel of land earmarked for executive condo development in the Punggol area. The 99-year leasehold property at Punggol Field Walk/Punggol East received a total of seven bids at the close of the tender on Thursday. Property consultants had forecast between three and six bids. The Urban Redevelopment Authority (URA) said the top bid of S$162.1 million was...
Land Sales
The 99-year leasehold 'white site' with a minimum hotel component at Thomson Road/Irrawaddy Road received a total of 9 bids at the close of tender on Tuesday. A white site is a site in which a variety of uses are allowed. The developer will possess the flexibility to decide on the mix of uses and respective amount of floor space dedicated for each use, as long as the total allowed Gross Floor Area (GFA)...
The Urban Redevelopment Authority (URA) launched the food & beverage site at Punggol Point for sale by public tender today. Punggol Point has been envisioned as a rustic coastal recreation destination with activities and attractions to enhance its unique waterfront location. With the opening of Punggol Promenade, Punggol Point Park and the North-Eastern Park Connector Network, Punggol Point today is a...
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the hotel site at Victoria Street/Ophir Road today. The land parcel at Victoria Street/Ophir Road is made available for application under the Reserve List of the 2nd half 2012 Government Land Sales (GLS) Programme. The land parcel is located near to the Ophir-Rochor Corridor, a new growth area envisioned to become an...
A residential site at Bishan Street 14 has attracted nine bids. The top bid of S$505.1 million came from Allamanda Residential Development, a wholly-owned subsidiary of property developer CapitaLand. That is about 3.1 per cent higher than the second bid jointly placed by Singland Homes, UOL Venture Investments, and ORIX Investment and Management. Analysts had expected CapitaLand to submit a strong bid...
The Ministry of National Development (MND) will find it hard deciding on land supply to be allocated for private housing projects in 1H2013, said property experts. It will have to balance several factors such as looming supply glut, record home sales, an economic slowdown and developers’ keen appetite for land. “The quandary the authorities will face is that in the short run, demand chases supply....
The government is expected to offer a steady supply of land for residential developments in the first half of 2013. Property-watchers said the sites offered this year have seen strong interest from developers, pushing land prices up by an average of some 10 per cent on-year. To meet demand, the government has ramped up its land sales programme this year. For both the first and the second half of 2012,...
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Jurong Town Hall Road to Tamerton Pte. Ltd. The firm submitted the highest bid of S$238.2 million, which translates to S$12,565.28 per square metre of gross floor area. Tender for the hotel site was launched on 19 September 2012 and closed on 20 November 2012. The land parcel was offered for sale on a 99-year lease term....
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Jalan Jurong Kechil to World Class Developments (North) Pte Ltd. The company submitted the highest bid in the tender for the site. Tender for the residential site was launched on 19 September 2012 and closed on 15 November 2012. The site was offered for sale with a lease option of 30 years, 45 years or 60 years. A...
The tender for a hotel site at Jurong Town Hall Road has attracted 11 bids. According to the Urban Redevelopment Authority (URA), the top bid was submitted by Tamerton Pte Ltd, a subsidiary of Genting Singapore. The firm had put in a bid of S$238.2 million, which translates to S$12,565.28 per square metre of gross floor area. The other ten bids lodged range from S$204.8 million to S$128.7...