The Urban Redevelopment Authority (URA) has launched the residential site at Farrer Drive for sale by public tender today. The land parcel was made available for sale through the Reserve List system on 16 April 2012. On 11 May 2012, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than...
Land Sales
A freehold residential site at 63 Hillview Avenue currently occupied by Lam Soon Industrial Building has been put up for sale by tender. Lam Soon Industrial Building is a 10-storey light industrial development consisting a total of 154 warehouses and light industrial factories. The site located off Upper Bukit Timah Road, has a total size of 230,915 square feet. It is zoned for "Residential" use with a...
Three plots of adjoining freehold land approximately 28,400 square feet (sq ft) at Amber Road in the East Coast area have been put up for sale by tender. Marketing agent Credo Real Estate said the three landed properties are owned by separate owners. They have consented to sell collectively in a joint tender exercise. The sellers are expecting offers in the region of S$73 million to S$80 million. This...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Tampines Avenue 10 to F.E. Lakeside Pte. Ltd., FCL Topaz Pte. Ltd. and Sekisui House, Ltd. The consortium submitted the highest bid in the tender for the site. The bid is of S$252.78 million, which works out to around S$417.86 psf ppr. This may work out to a break-even cost of between S$750 psf and S$800...
The site for residential development at Tampines Avenue 10 has attracted three bids at the close of tender by the Urban Redevelopment Authority (URA). The highest bid of S$252.8 million or S$417.86 per sq ft per plot ratio came from a consortium formed by Far East Organization, Frasers Centrepoint Limited and Sekisui House Limited. The break-even cost is estimated to be between S$750 and S$800 per sq...
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) are releasing five residential sites for sale in May 2012. Together, these sites will yield about 2,100 units as part of some 14,000 residential units to be released under the Government Land Sales (GLS) Programme for 1st half 2012 (1H2012). The...
The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the residential site at Farrer Drive for sale by public tender. The land parcel was made available for sale through the Reserve List system on 16 April 2012. URA received an application from a developer for the site to be put up for public tender. The developer committed to bid at a price...
In a statement, the Housing & Development Board (HDB) said the tender for the executive condominium (EC) site located at Tampines Central 7 / Tampines Avenue 7 / Tampines Avenue 9 has attracted a total of six bids. The top bid of S$233.5 million for the 99-year leasehold site is jointly placed by Singxpress Property Development, Creative Investments and Kay Lim Realty. Spanning some 20,750 square...
The tender by Housing and Development Board for an executive condominium (EC) site at Woodlands Avenue 5 / Woodlands Drive 16 has attracted five bids. The top bid of S$247 million came from Hao Yuan Investment which works out to about S$320 per square foot per plot ratio for the 25,800 square metres site. Hao Yuan Investment bid 3.5 per cent higher than the second bid. The rest of the bids ranged between...
JTC Corporation has put up an industrial site at Tai Seng Link for sale by public tender on Tuesday. The 0.43-hectare site has a lease of 30 years and a maximum permissible gross plot ratio of 2.5. It has been zoned for B2 clean and light development, JTC said. The Tai Seng Link site could potentially attract between eight and 17 bidders, said Nicholas Mak, executive director for Research &...