There are no signs of cooling in the private property market as some 150 developers bid aggressively for the 14 land parcels at Sembawang Greenvale. This is the last phase of the sale at the Sembawang estate. The first two phases - Phase 1 and Phase 2 of Sembawang Greenvale - were sold in October 2007 and April 2008. This is the first time since April 2008 that the Urban Redevelopment Authority is...
Land Sales
The Urban Redevelopment Authority (URA) on Wednesday awarded a S$250 million tender to redevelop the 1.43 hectare land parcel at the junction of Stamford Road and North Bridge Road. The winning bid came from Capitol Retail Management, Capitol Hotel Management and Capitol Residential Development. The consortium's concept for the area envisages a mix of hotel, retail, entertainment and residential...
The Urban Redevelopment Authority (URA) on Tuesday launched two residential sites at Punggol Central/Punggol Walk and Seletar Road for sale via public tender. They are launched for sale under the Confirmed List of the second half of 2010 (2H2010) Government Land Sale (GLS) Programme. Together, the two residential sites can potentially yield about 1,080 housing units and will offer property-buyers with...
The Housing and Development Board (HDB) has awarded the land parcel at Pasir Ris Drive/Elias Road to joint bidders ChoiceHomes Investments and CEL Developments for S$89.89 million. They had submitted the highest of the six bids received at the close of the tender on October 21. The land parcel, which is for Executive Condominium (EC) housing development, has a site area of over 15,100 square metres and a...
The Housing and Development Board (HDB) has received six bids for the land parcel at Pasir Ris Drive/Elias Road at the close of the tender on Thursday. The highest bid came from joint bidders ChoiceHomes Investments and CEL Development, which submitted a bid of S$89.89 million. EL Development put in the second highest of S$89.33 million, while the lowest bid of S$61 million came from Ecco...
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the industrial site at Pioneer Road North/Soon Lee Street for sale via public tender. The developer has committed to bid at a price of not less than S$13.8 million in the tender for the land parcel, which was made available for sale through the Reserve List system on 27 May 2010, URA said in a statement. The...
A hotel site at Robinson Road / Boon Tat Street will be put up for public tender. The land parcel had been made available for sale through the reserve list system in June. The sale has been triggered by a developer's application, which had met the minimum price acceptable to the government. The developer has committed to bid at a price of not less than S$30.8 million, on a 60-year lease term. Tenderers...
A Design, Build and Sell Scheme (DBSS) site at Upper Serangoon Road has been released for sale by public tender by the Housing & Development Board (HDB). HDB said the site has an area of 20,000 square metres and a maximum allowable gross floor area of 70,000 square metres. It is expected to yield about 630 units and has a lease term of 103 years, including a 48-month construction period. Located...
The Urban Redevelopment Authority (URA) has received nine bids at the close of a tender on Thursday for a residential site at Petir Road. The highest bid of about S$177.4 million came from Wincheer Investment. This was followed by Sim Lian Land and Kwan Hwee Investment, which both submitted a bid of around S$173.8 million. The lowest bid came from Teambuild Land at S$103 million. Real Estate...
A residential site at Pasir Ris Drive 3 and 4 for condominium housing has been awarded to joint bidders FCL Topaz and FE Lakeside. This was announced by the Housing Development Board, in a release of its final tender results. The joint bid by the two companies is the highest out of four bids - at S$151.4 million. That translates to about S$335 per square foot per plot ratio. Observers believe units in...