The Housing and Development Board (HDB) has awarded a residential site at Punggol Field/Punggol Road to the highest joint-bidders. They are ChoiceHomes Investments and CEL Development which made the top offer price of S$223.7 million. HDB received a total of five bids for the site measuring 22,497 square metres. The site has a maximum gross floor area of 67,492 square metres. Under the government's...
Land Sales
The Urban Redevelopment Authority, URA will launch a tender for a hotel site at the junction of Clemenceau Avenue and Havelock Road in two weeks time. It has accepted an application from a developer for the hotel site, which is on the Reserve List, for public tender. The developer has committed to bid at least $40.8 million for the land parcel. The URA said the 99-year leasehold site can generate a...
The Urban Redevelopment Authority has awarded the tender for the residential site at Upper Serangoon Road and Pheng Geck Avenue to Qingdao Construction. The company submitted the highest bid of S$113.7 million, or about S$588 per square foot of gross floor area. The tender was launched in April this year and closed two weeks ago. A total of 15 bids was received for the site. Other developers who...
The Housing and Development Board's (HDB) tender for a residential site at Punggol Field and Punggol Road has attracted the highest bid of S$223.7 million. This came from a joint bid by two companies - ChoiceHomes Investments and CEL Development. That translates to about S$298 per square foot per plot ratio for the reserve list site meant for executive condominium development. The next highest bid came...
The Urban Redevelopment Authority has launched an industrial site at Ubi Road 1 for sale by public tender. The land parcel has a 60-year lease period and a site area of about 3.5 hectares. The site has a maximum permissible gross plot ratio of 2.5 and can be developed for various uses such as clean and light industries. These industries include those related to computer software development, publishing,...
A hotel site in Clemenceau Avenue and Havelock Road will be put up for sale in two weeks. The Urban Redevelopment Authority (URA) said the 99-year leasehold site can generate a maximum gross floor area of 11,555 square metres. The Reserve List site spans 0.55 hectares and a developer will be able to build a hotel development of not more than seven storeys on the plot. URA said a developer has committed...
Property developers are still bidding aggressively for land despite the Government's announcement of more land sales in the second half of this year. As the tender closed for the residential site at Upper Serangoon yesterday, a top bid of $113.7 million had been submitted by China based developer Qingdao Construction. That translates to $607 per square foot (psf) - the second highest recorded for a...
Developer Qing Dao Construction has put in a top bid of S$113.7 million for a residential land parcel in Upper Serangoon. That works out to about S$607 per square foot. Consultants Colliers International said this is also the second highest price recorded for a 99-year leasehold land parcel sold by the government for non-landed housing in the city fringe area. The tender by the Urban Redevelopment...
JTC Corp has launched the North Buona Vista Drive for sale by public tender. The 1.8 hectare, 99-year leasehold site is located at the junction of North Buona Vista Road and Commonwealth Avenue West. It has a potential yield of about 112,000 square metres, with 2,000 square metres set aside for retail use. A developer has since committed to bid at least S$320 million for the land parcel in the public...
JTC Corporation has awarded the tender for the Industrial Government Land Sales site at Tampines Industrial Avenue 4 to Soon Hock Tuas Development. The company submitted the highest bid of about S$33 million. All in, JTC Corp received 10 bids. The industrial site, located within Tampines Wafer Fab park, spans an area of 5 hectares. It has a gross plot ratio of 0.64 to 0.8 which will yield a total Gross...