The 46,000 square metre site was launched in mid-January and is designated for residential development.

The top bidder for the site is United Venture Development with a S$320 million bid for the site.

That translates to about S$5,010 per square metre.

The next highest offer came from a joint bid by FCL Topaz, Far East Civil Engineering and Sekisui House, for S$312 million.

The 99-year lease site has a maximum permissible gross floor area of nearly 64,000 square metres.

CBRE Research executive director Li Hiaw Ho said the site is designated for a five-storey condominium development and “the response of eight bids to the residential site at Bedok Reservoir Road showed that developers are keen on the site.”

Mr Li pointed out that Waterfront Isle, a newly launched 99-year leasehold condominium further up Bedok Reservoir Road, reported some 88 units sold at around S$920 per square foot (psf) in February.

Meanwhile, another new condominium project on the other side of the reservoir, Waterview saw some 460 units sold at S$900 psf between November 2010 and January 2011.

Mr Li said that the top bid of S$320 million or S$465 psf per plot ratio “translates to a break-even cost of around S$800 psf.”

“It is likely that a new residential project on the site can fetch around S$900 psf,” added Mr Li.

URA said it will award the tender after all the bids have been evaluated and will reveal the winner at a later date.

Source : Channel NewsAsia – 3 Mar 2011

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The Urban Redevelopment Authority (URA) yesterday put up for tender a land parcel at Bedok Reservoir Road, the first residential site to be sold through the Confirmed List under the Government Land Sales Programme for the first half of this year.

At about 4.6 hectares, the site will have a maximum permissible gross floor area of over 63,000 sq m and can yield about 640 housing units.

The site is well connected to major expressways and is close to the future Bedok Town Park MRT Station on the Downtown Line. The tender will close on March 3.

The URA will also make available a residential site at Bartley Road and Lorong How Sun. The tender was triggered after the URA received an application from a developer who committed to bid not less than $191.7 million. This land parcel has been on the Reserve List system since November 2009.

The site has an area of about 2.21 hectares and a maximum permissible gross floor area of over 61,000 sq m. It can potentially yield about 620 housing units.

The URA will launch the public tender for the site in about three weeks.

Source : Today – 19 Jan 2011

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It has also accepted an application from a developer to put up the residential site at Bartley Road and Lorong How Sun for sale via public tender.

The two residential sites can in total potentially yield about 1,260 housing units and will offer home-buyers with more housing choices.

The land parcel at Bedok Reservoir Road is the first residential site to be sold through the Confirmed List under the Government Land Sales Programme for the first half of 2011.

With a site area of about 4.56 hectares, the land parcel will have a maximum permissible gross floor area of over 63 thousand square metres and can potentially yield about 640 housing units.

The site is well connected to major expressways and is close to the future Bedok Town Park MRT station on the Downtown Line.

The Bartley Road site has an area of about 2.21 hectares and will have a maximum permissible gross floor area of over 61 thousand square metres and can potentially yield about 620 housing units.

This land parcel was available for sale through the Reserve List system since November 2009.

The tender was triggered because URA received an application from a developer who committed to bid at a price of not less than S$191.7 million.

URA will launch the public tender for the site in about three weeks.

Source : Channel NewsAsia – 18 Jan 2011

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Behold a breathtaking waterfront development by Far East Organization – realise your dream of living in a modern and elegant home amid a tropical, resort-style setting at Singapore’s eastern enclave!

Reside in Waterfront Key and have the clear waters of Bedok Reservoir soothe away your knotted nerves. This lush 427-unit condo offers a full range of country club facilities including a 50-metre lap pool and a Water Court that comes with cooking and dining facilities on its islands’ pavilions. Its elegant residences come with two, three and four bedrooms with sizes ranging from 876 sq ft for a two-bedroom unit to 1005 sq ft for a three-bedroom unit and 1489 sq ft for a four-bedroom home.

Soak up on a pampering lifestyle with choices of leisure activities galore, from a walk in the park to a dip in pool vistas. Gain convenient access to fishing, jogging, children’s amusement, fitness and sports facilities at Bedok Reservoir Park. Enjoy the convenience of procuring daily necessities with nary a hassle, as the Bedok estate is just close by.

Shop and dine at a wide array of shops at Tampines Mall, Tampines One, Century Square, Ikea, Courts and Giant and find reputable educational institutions such as Red Swastika School, Yu Neng Primary school, Temasek Polytechnic and United World College of South East Asia just round the corner.

A soon-to-be-launched 4th University (a tie-up with MIT, an Ivy League university in the USA) in the vicinity could well serve to enhance the property’s value as well; so don’t pass up on this chance to lead the waterfront high life.

Location: Bedok Reservoir Road (District 16)
Tenure: 99 years leasehold wef 2007
Year of Completion: 2012
Site Area: 215,070sqft
Total Units: 437 (8 towers, 15 storeys)
Unit Types:
2 bedroom ~ 874 -1,177sqft
3 bedroom (compact) ~ 1,007-1,108sqft
3 bedroom ~ 1,134-1,742sqft
3+study ~ 1,332-1,879sqft
4 bedroom ~ 1,488-1,564sqft
Penthouse ~ 2,860-3,038sqft

Contact us at info@lushhomemedia.com with the following for more info:

Waterfront Key / Name / Contact # / Unit type(s) interested

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Waterfront Waves is designed to merge as one with the picturesque Bedok Reservoir & Park. With unprecedented proximity to the reservoir, you can look forward to commanding vistas of shimmering waters from your home. This is truly a luxury many may desire, but only few will ever own.

The calm waters of Bedok Reservoir are the perfect arena for a whole host of water sports & activities. Brace your family for a lifestyle of pure action!

Renowned schools & tertiary institutions like Victoria Junior College, Temasek Polytechnic & the new United World College campus are within close proximity. Shopping & entertainment choices abound, from exciting malls like Century Square, an upcoming mall at Bedok Central, to megastores like Ikea, Giant or Courts.

Location: Bedok Reservoir Road (District 16)
Tenure: 99 years leasehold
Year of Completion: 2011
Site Area: 215,070 sqft
Total Units: 420
Unit Types:
2 bedroom ~ 981 – 981 sqft
3 bedroom ~ 1,267 – 1,314 sqft
4 bedroom ~ 1,560 – 1,655 sqft

For further info or an appointment, please contact us at info@lushhomemedia.com.

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The land parcel is one of four new residential sites to be offered for sale as a confirmed site under the Government Land Sales Programme for the first half of this year.

The 99-year leasehold site spans about 3.2 hectares. It will have a maximum permissible gross floor area of 66,655 square metres.

The land also fronts the Bedok Reservoir, offering a panoramic view of the lake.

Consultants from real estate services firm CB Richard Ellis expect units in the new development to sell for around S$700 per square foot.

This will translate to a possible land price of around S$200-$230 per square foot per plot ratio for the site.

The tender will close at noon on August 12. – CNA/ir

Source : Channel NewsAsia – 17 Jun 2008

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