Land Sales

Government reduces supply of land for private housing as demand continues to slow

The Government has decided to reduce the supply of private residential units for the second half of 2019, as demand continues to fall, the Ministry of National Development (MND) announced on Thursday (Jun 6). Thirteen land sites, comprising five confirmed sites and eight reserved sites, were released for sale on Thursday under the Government Land Sales (GLS) programme for the second half of 2019. The...

Tanjong Pagar’s Bernam Street residential-with-commercial site up for tender

A land parcel at Bernam Street in Tanjong Pagar, slated for residential with commercial at first-storey use, is now up for sale by public tender. The Urban Redevelopment Authority (URA) launched the tender on Thursday, under the confirmed list of the first half 2019 Government Land Sales (GLS) programme. The site can potentially yield up to 325 residential units, and comes with commercial space on...

Freehold Upper Changi Road site up for sale at S$16m guide price

A freehold landed residential redevelopment site along Upper Changi Road has been put up for sale by expression of interest (EOI), with an indicative guide price of S$16 million. This works out to a land rate of S$1,051 per square foot (psf), said the property's marketing agent Knight Frank Singapore on Wednesday. The site comprises four freehold, single-storey houses, located at 537 Upper Changi Road,...

Canberra Link EC site up for tender; Bernam Street site to launch later in May

HDB has put an executive condominium (EC) site at Canberra Link in Sembawang up for sale by public tender, it announced said on Thursday. The 99-year leasehold site is the only EC parcel of five confirmed list sites under the first half-2019 government land sales (GLS) programme. On the first half-2019 reserve list, there is one EC site at Fernvale Lane that can yield 525 units. Reserve list sites are...

Wing Tai wins tender for Middle Rd site, to develop residence with commercial uses

Wing Tai Holdings' Wingcharm Investment Pte Ltd won a state tender for a 99-year leasehold site in Middle Road for private residential with commercial at first storey use, beating out nine others with its nearly S$492 million bid. Spanning about 80,300 sq ft, the Middle Road plot can yield an estimated 375 homes. The site will be developed into two 20-storey residential towers and one block of low...

Different tales for two cities in latest URA tender

The latest state land tender closing has yielded a mixed bag of results for the two 99-year leasehold sites offered. A land parcel along Middle Road in the buzzing Bugis locale, which is slated for residential with commercial at first storey use, drew 10 bids, with Wing Tai's highest bid of nearly S$492 million or S$1,458.33 per square foot per plot ratio (psf ppr) within expectation. Over in the Sims...

Kuok Group plans mall and 480 apartments on Pasir Ris site

Allgreen Properties and Kerry Properties tie-up that clinched the 99-year leasehold white site next to Pasir Ris MRT station is planning to develop about 480 apartments above three levels of retail space. Its winning bid of nearly S$700 million works out to S$684.48 per square foot per plot ratio (psf ppr), based on a total gross floor area of 1.02 million sq ft. The commercial and residential...

URA launches tender for Clementi Avenue 1 residential site

URA has launched a public tender for a 99-year residential site at Clementi Avenue 1, under the Confirmed List of the first half 2019 Government Land Sales (H1 2019 GLS) Programme. The site has a permissible gross floor area (GFA) of 57,900 square metres (sq m) on 16,542.7 sq m of land, which works out to a gross plot ratio of about 3.5 times. The maximum building height is 140m, and the project...

Club Street Hotel site draws top bid of S$2,148.50 psf ppr

State tenders for three sites closed on Tuesday, Jan 15, 2019. Based on provisional results released, a premium hotel site along Club Street in the Central Business District drew eight bids. The highest bid, from Midtown Development (which is part of the Worldwide Hotels Group that also includes Hotel 81), was S$562.2 million, which works out to S$2,148.50 per square foot per plot ratio (psf ppr). A...

3 bids submitted for Pasir Ris Central white site

A 3.8 hectare white site at Pasir Ris Central saw three bids from developers at the close of the tender on Friday. Among the bidders was Far East Organization, while Singapore Press Holdings and Kajima Development submitted a joint bid. The third bid was from Phoenix Residential and Phoenix Commercial; both companies are owned by Allgreen Properties and Kerry Properties, which are in turn linked to...

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