The Urban Redevelopment Authority (URA) has released details on the sales conditions for the Reserve List site at Pioneer Road North and Soon Lee Street. The plot of land, which is meant for industrial development, will have a site area of about 1.4 hectares. It has a gross plot ratio of 2.0 and a 30-year-lease period. The site is also situated near to Pioneer MRT station. Under the Reserve List...
Land Sales
Developers Maxdin and Lee Carriers have put in the top bid of S$176 million for a land parcel at Sengkang East Avenue and Buangkok Drive. The next highest bid of $160.12 million came from Hoi Hup Realty and Sunway Developments. Frasers Centrepoint's bid of $158.18 million came in third, while Sim Lian Land handed in the lowest bid of $115.84 million. All in, the Housing and Development Board (HDB)...
The government is ramping up the supply of sites for private housing in the second half of the year to meet strong demand. All in, the second half of the Government Land Sales (GLS) programme will have 27 residential sites and four mixed-use sites where private housing can be built. 21 are new sites and 10 sites will be carried over from the first half. Overall, the 31 sites in the second half of the...
The government is ramping up the supply of sites for private housing in the second half of the year to meet strong demand. All in, the second half of the Government Land Sales (GLS) programme will have 27 residential sites and four mixed-use sites where private housing can be built. 21 are new sites and 10 sites will be carried over from the first half. Overall, the 31 sites in the second half of the...
The Hougang Avenue 2 residential site has attracted the highest bid of S$207.5 million from MCL Land at the closing of its public tender by the Urban Redevelopment Authority. The bid works out to S$456 per square foot per plot ratio. This is 9.6 per cent higher than the second highest bid of S$189.3 million submitted by Frasers Centrepoint. The site has attracted a total of seven bids, with the...
A commercial site within the biomedical hub of one-north will be put up for sale by public tender. JTC Corp Thursday announced an application from a developer for the 1.8-hectares plot of land located at North Buona Vista. The developer, which was not named, has committed to bid at a price of not less than S$320 million. The 99-year lease site was placed on the government's Reserve List system since...
Some have called for the Reserve Price of State lands to be disclosed - and yesterday, Minister for National Development Mah Bow Tan explained why the Government did not think it would make the system work any better. "If we were to reveal the Reserve Price for sale sites, then it may influence or distort the developers' independent assessment of land prices and their bids, or deter some developers from...
Minister for National Development Mah Bow Tan maintains that the reserve bid prices for state lands available for sale will have to remain undisclosed so as to allow the determination of fair market value for the site. "If we were to reveal the reserve price for sale sites, then it may influence or distort the developers' independent assessment of land prices and their bids, or deter some developers from...
Property developers' strong appetite for land banks are showing little signs of letting up, if the latest tender results announced by the Urban Redevelopment Authority (URA) for the Simei Street 3 site is anything to go by. The 99-year leasehold residential site had been hotly contested, receiving a total of 18 bids - the highest so far this year. That represents "an all-time high level of interest not...
The Urban Redevelopment Authority (URA) has launched three land parcels at Bukit Batok West Avenue 5 and Senoko Drive for sale by auction. The sites are being released to help meet the heavy vehicle parking needs of transport operators and fleet owners. The Bukit Batok land parcel has an area of 15,592 square metres, while the two parcels at Senoko Drive are about 10,000 square metres each. Registered...