A 99-YEAR leasehold commercial and private residential site in Bukit Batok West Avenue 6 has garnered 11 bids at a state tender that closed on Tuesday, The top bid, from a tie-up between Qingjian Realty (BBR) and Qingjian Realty (BBC), was S$301.16 million. This works out to S$634.57 per square foot of potential gross floor area. Allgreen Properties was the second highest bidder, at S$277.98 million or...
Land Sales
A RARE District 9 private housing site being offered at a state tender is generating much buzz in the market. The developer of the nearly 1.6-hectare site located at the corner of Martin Place and River Valley Close may build 450 units at most - subject to a maximum gross floor area of 480,306.75 square feet. Part of the site has a 20-storey height restriction, while the rest of the plot has a...
The Urban Redevelopment Authority (URA) has launched a residential site at Martin Place for sale by public tender today under the Confirmed List of 1st Half 2016 Government Land Sales (GLS) Programme. This site can potentially yield about 450 residential units. The 99-year lease, 15,936.1 square metre site is located within a well-established residential area, with existing condominiums such as Martin...
THE trustees of an estate that holds a 25,741-square-foot freehold site on the ultra-prime Cuscaden Road are putting the property up for sale by tender. The site has a gross plot ratio of 4.2 times, which implies a gross floor area of about 108,112 square feet. Although a detached house currently sits on the site, the site has been zoned as "hotel" in the 2014 Master Plan. JLL, which has been engaged...
A commercial and residential site at Bukit Batok West Avenue 6 has been launched for sale under the Confirmed List of the First Half 2016 Government Land Sales Programme. The site can potentially yield about 425 homes and a maximum gross floor area of 6,000 sqm for commercial use, the Urban Redevelopment Authority (URA) said on Wednesday (Mar 30). The tender for the site will close at noon on May 24....
One Confirmed List site at Tampines North Drive 3 (Plot 3) and one Reserve List site at Tuas South Link 1 (Plot 1) have been launched for sale by public tender, JTC announced on Tuesday (Feb 23). The 0.58 ha site at Tampines North Drive 3 (Plot 3) has a 20-year tenure with a maximum permissible gross plot ratio of 2.5. The tender for this site closes on Apr 19, 11am. On the other hand, the 3.33 ha...
The tender for a residential site at New Upper Changi Road / Bedok South Avenue 3 has been awarded to CEL Residential Development, the Urban Redevelopment Authority announced on Friday (Feb 26). The site is situated near the Tanah Merah MRT station and multiple condominium developments. CEL Residential Development put in the highest bid in the tender - S$419 million - for the site, said URA. A total...
A residential site at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) has attracted eight bids at the close of tender, the Urban Redevelopment Authority (URA) said on Tuesday (Feb 23). The top bid came from Chip Eng Seng's CEL Residential Development, which offered S$419.38 million. This translates to about S$8,186.54 per square metre. The second highest bid of S$415.89 million was submitted by...
DESPITE sluggish EC sales, the top bid for an executive condo site in the Hougang/Yio Chu Kang area has come in towards the high end of market expectations. The 99-year leasehold site is not near any MRT station but is considered attractive as it is nestled in an established HDB estate, which provides a catchment of potential buyers for the future EC project, and is near amenities (including Hougang 1...
A Confirmed List site at Tampines Industrial Drive (Plot 2) has been launched for sale by public tender, JTC announced on Tuesday (Jan 26). The launch is under the first half 2015 Industrial Government Land Sales Programme, it said. The 0.49-hectare site is zoned for Business-2 development, and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4, JTC said. Industrialists are...