Chappelis Pte Ltd has submitted a top bid of S$38.5 million for a residential site at Westwood Avenue. The Housing and Development Board (HDB) said it received a total 32 bids, with the lowest one at S$16.8 million from Boon Keng Development. The second highest bid came from a partnership between Hoi Hup Realty and Sunway Developments, which put in a bid of some S$38 million. Act-Nobel Homes rounded off...
Land Sales
The Urban Redevelopment Authority (URA) has released a site at Woodlands Avenue 12 for sale from the Reserve List. The plot of land, which is meant for industrial development, will have a site area of about 3.2 hectares. It can generate a maximum gross floor area of 32,279 square metres and has a 60-year-lease period. URA said the site can be developed for a variety of uses under "Business 1" zoning....
The Urban Redevelopment Authority (URA) has released detailed sales conditions for the Reserve List site at Bartley Road/Lorong How Sun. The plot of land, which is meant for residential development, will have a site area of about 2.21 hectares. It can generate a maximum gross floor area of 61,865 square metres and has a 99-year lease period. URA says the site is located within an established residential...
The Urban Redevelopment Authority (URA) has released for sale a site at Kaki Bukit Avenue 4 for industrial development. The land parcel has a site area of about three hectares and a gross plot ratio of 2.5. The site will have a lease period of 60 years. The site is being released under the government's Reserve List. Under the Reserve List system, a site would only be put up for tender if a developer's...
Heeton Holdings, together with KSH Holdings and TEE International, have joined forces to acquire the Mitre Hotel site for $121 million, by way of a public tender. Heeton will own 45% of this project, while KSH and TEE International will take up the remaining 35% and 20% respectively. The 39,972 sq ft freehold land parcel, located along Killiney Road in Singapore’s prime District 9, has a plot ratio of...
The government has launched an industrial site at Pioneer Road for sale by public tender. It was made available for sale through the Reserve List system after a developer committed to bid at least S$8.2 million for the site. The 30-year leasehold land parcel has a site area of about 1.9 hectares and a maximum gross plot ratio of two hectares. The tender will close on December 9. Singapore’s Urban and...
A total of six bids have been submitted for the Clementi Mall development. The highest bid came from CM Domain Pte Ltd at S$541.898 million. CM Domain is a fully-owned subsidiary of Singapore Press Holdings, with investment holding being its principal business. The lowest bid came from Sim Lian Holdings at S$170 million. Other bidders included Titanium (AMT) Pte Ltd, Guthrie (Anshan) Pte Ltd, FC Retail...
The Housing and Development Board (HDB) said on Monday it has put up for tender a residential site at Westwood Avenue. The site was placed on the reserve list and the sale process was triggered after a developer committed to submitting a minimum bid of S$15 million. The land parcel has a site area of 14,098.8 square metres and is proposed for landed housing development. Located within Jurong West town,...
The Singapore government is boosting the supply of private residential sites in the first half of next year. It has announced new sites for sale, which could yield over 10,500 homes – the highest number of units since the Government Land Sales (GLS) Programme started in the second half of 2001. The Urban Redevelopment Authority (URA) said on Friday that in deciding supply, it looks at market conditions...
Market-watchers expect keen competition for the eight residential sites on the confirmed list under the Government Land Sales (GLS) Programme for the first half of next year. But land prices may not necessarily come down. Analysts also expect more foreign developers to bid for sites over the next three to six months, keeping prices competitive especially for popular locations. Donald Han, managing...