The HDB is launching an executive condominium housing site in Yishun. The land at Yishun Avenue 11 is being made available under the Reserve List System. This means developers interested in purchasing the land, must submit their application with the minimum price they are willing to bid for the land. The site has an area of 15,080 square metres and a gross plot ratio of 2.8. Upon acceptance of the...
Land Sales
A 30-storey hotel is set to be built on a reserve site at Gopeng Street/Peck Seah Street, the Urban Redevelopment Authority revealed on Thursday. The land parcel, which spans just over 2,300 square metres, is one of the two new hotel sites being released under the government land sales programme for the first half of 2008. The 99-year leasehold site can generate a maximum permissible gross floor area of...
Parkway Holdings had its steepest decline in more than six years on concern the company’s $1.25 billion bid for a new hospital site was too high. The bid by Parkway, Singapore’s largest private hospital operator, is as much as five times the price offered by rival Raffles Medical Management, the Urban Redevelopment Authority said. Parkway will be able to build a hospital on the 1.7-hectare site in...
Parkway Life Reit, which derives its revenue from the rental of healthcare space, will make its own independent assessment whether to acquire a new hospital whose site its parent company Parkway Holdings made a record bid for. The $1.25 billion bid by Parkway Holdings - about five times that of rival Raffles Medical - for the Novena site on which the hospital will be built has raised concerns among...
Parkway Holdings has put in a top bid to buy land to develop a new hospital at the junction of Novena Terrace and Irrawaddy Road. It has offered S$1.25 billion for the site, which is double its nearest rival and five times more than the third-placed bidder. Parkway's bid works out at around $185,000 per square foot of gross floor area. This is the first private hospital site made available by the...
The tender for an industrial site at Playfair Road has attracted strong bids. There were 12 bids for the 8,600 square metre site. The highest bid of S$33 million was submitted by Trio Link Development. It works out to about S$142 per square foot per plot ratio. According to property consultants CB Richard Ellis, this was the highest bid ever for a 60-year leasehold industrial site. The Playfair Road...
A 1.2-hectare residential site at West Coast Crescent is up for sale by public tender. Property consultants Knight Frank expects the 99-year leasehold parcel to fetch up to S$112 million. This will work out to S$310 per square foot per plot ratio. The site opposite West Coast Park has a maximum permissible gross floor area of 33,600 square metres. There is a height limit of 36 storeys. According to...
Chiu Teng Estates has put in the top bid of S$14.8 million for a 99-year leasehold commercial site at Jalan Sultan. This works out to S$10,480 per square metre per site area. It is also just S$1.2 million more than the second highest bid. The tender attracted 20 bids in all. Meanwhile, the Urban Redevelopment Authority has decided to reject the only bid submitted for the transitional office site at...
United Overseas Land and its partner Peak Century have put in the top bid of S$236 million for a residential site at Simei Street 4. The price works out to about S$296 per square foot per plot ratio. The Urban Redevelopment Authority tender attracted three bids. The second highest bid of some S$231 million came from Frasers Centrepoint Properties. NTUC’s Choicehomes trailed in at third place with its...
A redevelopment site along Changi Road spanning 26,500 square feet is up for sale by tender.The site can be redeveloped into a hotel or commercial development with a plot ratio of 3, giving a maximum gross floor area of about 80,000 square feet. Civil engineering and property development firm Koh Brothers, which is selling the site, is asking for S$55 million. This excludes a development charge of S$12.5...