The Urban Redevelopment Authority (URA) has launched the first sale site from the upcoming Jurong Lake District. It launched the sale by public tender after a developer committed to bid at least S$350 million for the land parcel. The site located at Jurong Gateway Road was made available for sale via the government's reserve list system since November 2008. The 99-year-leasehold site has a maximum...
Land Sales
BOON Keng Development made the top bid of $65.2 million for an industrial site at Woodlands Avenue 12 in a government tender which closed yesterday. Boon Keng's bid, which works out to $75 per square foot per plot ratio (psf ppr), is 29 per cent higher than the second highest bid of $50.6 million ($58 psf ppr) submitted by TGFB Pte Ltd and more than twice the application bid which triggered the tender....
The Urban Redevelopment Authority (URA) is launching a closely-watched commercial site at Stamford Road and North Bridge Road for sale by public tender. The URA is launching the sale after a developer committed to bid at least S$100 million dollars for the 99-year-leasehold site, which was placed on the Reserve List system. URA says the land parcel, which is 1.43 hectares in size, is slated for...
Boon Keng Development has submitted the highest bid of S$65.2 million for an industrial site at Woodlands Avenue 12. The price translates to about S$75 per square foot per plot ratio. The top bid is some 29 per cent higher than the second highest offer of S$50.6 million from Affluence Resource. Whye Wah Group put in the lowest bid of S$31 million. All in, the Urban Redevelopment Authority (URA)...
THE roll-out of land in response to high demand for homes has continued, with the Government launching public tenders for two more sites yesterday. Both residential development sites - in Hougang Avenue 2 and Upper Serangoon Road - are 99-year leasehold plots. The Upper Serangoon site, in Pheng Geck Avenue, is on the Government's confirmed list. These sites are scheduled for tender without developers...
Bids seen coming in at up to $560 psf ppr and $350 psf ppr respectively TWO more 99-year leasehold residential plots were launched for sale by the government yesterday - one at Upper Serangoon Road from the confirmed list and the other at Hougang Avenue 2 from the reserve list. The Hougang Avenue 2 site was triggered by a developer who agreed to bid at least $109.9 million for it, which works out to $241...
Property developer Soilbuild Group has been awarded the tender for an industrial site at Yishun Avenue 6 with a bid of some S$29.3 million. The 153,485-square foot site has a maximum gross floor area of nearly 384,000 square feet. The 60-year leasehold site can be used for clean and light industries and warehouses. Soilbuild estimates the total development cost including land at about S$75 million to...
SOILBUILD Group Holdings submitted the highest bid for an industrial site at Yishun Avenue 6 in a government tender, the Urban Redevelopment Authority (URA) said yesterday. There were five bids for the 1.43 hectare plot, which was offered for sale on a 60-year lease. Soilbuild's $29.29 million bid, which works out to $76 per square foot per plot ratio (psf ppr), was 4 per cent higher than the second...
FOUR plum residential sites which will yield almost 2,000 new homes are being released for tender by the Government in a move to ramp up supply in Singapore's hot property market. They include Punggol's first executive condominium (EC) site, to boast 615 homes, which will be released for tender early next month as a developer has already made a minimum bid of $147.7 million. In stark contrast, when a...
More new housing units will be added to the market to give buyers more choices. The Housing and Development Board (HDB) will put on sale on Wednesday two residential sites in Sembawang and Sengkang. It also put two other sites in Punggol and Yishun on the reserve list for public tender early next month. They are expected to yield about 1,970 dwelling units. About 60 per cent or about 1,215 are Executive...