A land parcel at Miltonia Close attracted seven bids when the tender closed on Tuesday. The highest bid of S$165 million came from Hoi Hup Realty and Sunway Developments, which are jointly pitching for the project. This translates to S$406 per square foot per plot ratio (psf ppr). The bid is some 31 per cent higher than the second highest one at S$126 million which was submitted by Master Contract...
Land Sales
JTC Corporation will launch an industrial site for sale by public tender on August 23. The 4.65-hectare site is located at Yishun Street 23 and Yishun Avenue 9. The plot which has a 60-year lease is on the Confirmed List of the industrial government land sales programme. JTC said the site will be developed as a ramp-up factory with direct vehicular access to all commercial units within the...
The Urban Redevelopment Authority (URA) has received a total of 14 bids for the closely-watched commercial site at Stamford Road and North Bridge Road. Many bidders have submitted multiple concept proposals for the 1.43-hectare site. Among them, Perennial Trust, Real Estate and Chesham Properties jointly put in two bids, while Far East Organization submitted three. Wing Tai Group also submitted two bids...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ubi Road 1 to developer Oxley Rising. The company submitted the highest bid of S$158.1 million for the site. The plot has a site area of more than 34,000 square metres and a maximum gross plot ratio of 2.5. The tender for the industrial site was launched on June 15 and closed on August 11. The land parcel was...
Despite Singapore's property market seeing a boom, the Housing and Development Board (HDB) has received no bids at the close of the tender for a residential site at Jurong West Street 42 on Thursday. The land parcel has a land area of over 16,800 square metres and a maximum gross floor area of about 50,445 square metres. The site is slated for Executive Condominium housing and has a lease period of 99...
Developer Oxley Rising has submitted the highest bid of S$158 million for an industrial site at Ubi Road 1. The Urban Redevelopment Authority (URA) has closed the tender for the site after receiving 11 bids in total. Oxley's bid translates to about S$163 per square foot. The next highest bid of S$146.5 million came from joint bidders Qing Quan and Qingdao Construction. The over 34,000 square metre site...
The Housing and Development Board (HDB) is launching three residential sites at Hougang, Punggol and Pasir Ris for sale on Thursday. The three sites at Hougang Avenue 7, Punggol Drive/Punggol East and Pasir Ris Drive 3/Pasir Ris Drive 4 can potentially yield about 1,260 dwelling units, of which about 485 are Executive Condominium (EC) units. HDB said these sites will provide home buyers with more housing...
The Urban Redevelopment Authority (URA) has launched a white site at Peck Seah Street and Choon Guan Street for sale by public tender. The 1.5 hectare land parcel is being put up for sale under the Confirmed List in the second half of the Government Land Sales Programme. The 99-year leasehold site is zoned for commercial, hotel and residential use, and is strategically located next to the Tanjong Pagar...
Ho Bee Investment says unit Ho Bee Developments has submitted the highest bid of $410.99 million for the land parcel located at North Buona Vista Drive under a sale of site for commercial development by JTC Corporation. The site with a land area of 17,994.4 sqm, is located next to the Buona Vista MRT station. The total allowable gross floor area is 111,565 sqm, out of which 2,000 sqm is to be set aside...
Two more residential sites have been made available for sale by the Urban Redevelopment Authority (URA). One of the sites, at Jalan Eunos, is launched for sale under the Confirmed List of the Government Land Sales (GLS) programme. The other site located at Buangkok Drive and Sengkang Central is being made available for sale under the Reserve List. A Reserve List site will be released for sale if a...