The government has launched a residential site at Dakota Crescent for public tender. This comes after a developer said it would bid at least S$130 million for the site two weeks ago. The land parcel, which was made available for sale through the Reserve List System, has a site area of 1.7 hectares. The 99-year site, which is located near Old Airport Road, can generate a maximum permissible gross floor...
Land Sales
Land prices in Singapore have slumped by up to 50 per cent since the property boom in 2007, according to market watchers. Weaker prices, coupled with recent strong demand for homes, could lure developers to replenish their land bank. As home buyers have been flocking to project launches over the past few months, analysts said developers are showing more interest in good residential sites. More than 7,200...
A residential site at Dakota Crescent will be placed for public tender in about two weeks, following commitment from a developer to bid at least S$130 million for the land parcel. According to the Urban Redevelopment Authority (URA), who made the announcement on Wednesday, the site has an area of about 1.7 hectares and will be able to generate a maximum permissible gross floor area of about 60,164 square...
The Housing and Development Board (HDB) will launch a condominium site at Bukit Panjang for sale by public tender on Thursday. HDB said earlier this week it had accepted an application under the reserve list system from a developer to put the land parcel up for tender. The 99-year land parcel has a site area of about 244,000 square feet and a permissible gross floor area of 513,000 square feet. The...
The Housing and Development Board (HDB) will launch the public tender for a residential site at Bukit Panjang later this week. HDB says it has accepted an application under the reserve list system from a developer to put the land parcel up for tender. Under the reserve list system, the government will put up a reserve list site for public tender if it receives an application from a developer who commits,...
The government has launched an industrial site at Kaki Bukit Road for sale by public tender. The land parcel was made available for sale through the reserve list system. URA said it has received an application from a developer who has committed to bid at least S$5 million for the site. The land parcel has a site area of about 1.07 hectare and a maximum gross plot ratio of 1 with a lease period of 30...
The Urban Redevelopment Authority (URA) has launched a hotel site at New Bridge Road for sale. Last month, the urban planners received an application from a developer to put the plot on sale. URA says the developer has committed to bid at least S$43,888,888 for the 99-year lease hold site located in Chinatown, near the Outram Park MRT station. The 0.45 hectare site can yield a maximum permissible gross...
Wee Hur Development has submitted the highest bid of S$22.9 million for an industrial site at Woodlands Avenue 4. The Urban Redevelopment Authority (URA) has closed the tender on Tuesday for the site after receiving 8 bids in total. The site spans about 2.5 hectares and has a gross plot ratio of 2.5. Wee Hur's bid translates to about S$34 per square foot. Soilbuild Group put in the second highest bid...
The government will introduce three new sites in its industrial land sales programme for the second half of the year. The Trade and Industry Ministry says this is to meet potential demand for industrial land. With the addition, there will be nine sites on the Reserve List. The three new sites are parcels at Woodlands Avenue 12, Kaki Bukit Avenue 4 and Ubi Road 1/Ubi Avenue 4. The nine sites on the...
The Urban Redevelopment Authority (URA) will put an industrial site at Kaki Bukit up for sale through a public tender. It says it has accepted an application from a developer who has agreed to bid for the land parcel at or above the minimum acceptable price of S$5 million. The identity of the developer was not revealed. The 1.07 hectare site, located at Kaki Bukit Road 2, has a 30-year lease period. The...