Developer OKH Management has placed the top bid of S$27.2 million for the industrial site at Yishun Avenue 6. This is slightly more than double the minimum bid of S$11.5 million committed by an unnamed developed on March 8 this year. The top bid of S$27.2 million translates to about S$71 per square foot per plot ratio. The breakeven cost for this development is estimated to be between S$250 per square...
Land Sales
A NEW lease on life is on the way for the iconic stretch of colonial buildings along Stamford Road. Stamford House, Capitol Building and Capitol Theatre are part of a huge land parcel that will go on sale in two weeks' time, after a property developer agreed to put in a bid of at least $100 million for the commercial site. The bid triggered a public tender for the 1.43ha plot, which is located at the key...
The developer has to retain and restore the three buildings - Capitol Theatre, Capitol Building and Stamford House - on the site THE government will soon put up for sale a commercial site with three landmark buildings - Capitol Theatre, Capitol Building and Stamford House - on it. The site, which is located at the junction of Stamford Road and North Bridge Road and which also comprises Capitol Centre and...
AN executive condominium (EC) site at the junction of Sengkang East Avenue and Buangkok Drive will go on sale in about two weeks - and is expected to be warmly received by developers. The Housing & Development Board said yesterday it will release the site, which is on the government's reserve list. Sites on this list are released after a developer commits to bid at or above a minimum price acceptable...
THE Singapore Land Authority (SLA) yesterday launched an invitation to tender for four sites at Lorong Chencharu, intended for use as aquarium fish export centres. The sites total 17,189 sq m, equivalent to slightly more than two football fields. They are part of a larger area of state land earmarked for agricultural purposes. Each site is offered on a 10-year lease, with an option to renew for a further...
The Urban Redevelopment Authority (URA) said a developer has committed to bidding at least S$100 million for a land parcel at the corner of Stamford Road and North Bridge Road. The site, which has a 99-year lease, includes three historical buildings - the Capitol Theatre, Capitol Building and Stamford House. The site has been on the reserve list since 2008 and is expected to be launched for sale by...
Another plot of land meant for Executive Condominiums (EC) will be put up for tender. The Housing and Development Board (HDB) said on Thursday that it will launch the tender of the land parcel at Sengkang East Avenue and Buangkok Drive in two weeks. The site, which was placed on the government's Reserve List System, has a 99-year-lease. It has an area of about 17,000 square metres, which can yield an...
The Singapore Land Authority (SLA) has launched a tender for four sites at Lorong Chencharu in Yishun, for use as aquarium fish export centres. The four sites have a total land area of 17,189 square metres, which is equivalent to slightly more than two football fields in size. SLA said each site is offered on a 10-year lease, with an option to renew for a further 10 years. These four sites form part of...
THE Housing Board (HDB) is launching a housing site at Yishun for tender today which will add another 700 homes to the housing stock. The site, at the junction of Yishun Avenue 11 and Yishun Central, is being launched under the HDB's design, build and sell scheme (DBSS). This allows private developers to design, build and sell the homes directly to flat buyers. Such flats come with finishes similar to...
THE Housing and Development Board (HDB) has launched a land parcel in Yishun for sale under its design, build and sell scheme (DBSS). Around 700 flats can be built on the site located at the junction of Yishun Avenue 11 and Yishun Central. Analysts estimate that the top bid could be in the region of $132-166 million, which translates to around $160-200 per square foot (psf) per plot ratio. They added that...