The Urban Redevelopment Authority (URA) has closed the tender for a 53,200-square metre residential site at Choa Chu Kang Drive. The highest offer for the site was for S$116 million, which translates to S$203 per square foot. The offer was submitted by Tian Hock Properties. Li Hiaw Ho, executive director of CBRE Research said given the top bid of S$203 per square foot and an estimated breakeven cost of...
Choa Chu Kang
The Urban Redevelopment Authority (URA) has rejected the highest bid for the residential site at Choa Chu Kang Road/Woodlands Road. In a press release out on Friday, the URA said the price offered was too low. The top bid came in at S$61 million, which works out to about S$1,750 per square metre of gross floor area. There was only one other offer at S$45.6 million. The land parcel - offered on a 99-year...
More signs of Singapore’s property market slowing: Tenders for a plot of government development land have closed, attracting one of the lowest bids in recent years. The residential site bordering Choa Chu Kang Road and Woodlands Road on offer attracted just two bids. The highest offer came from an arm of Peak Properties, which is controlled by the Wee family. It offered $61 million, which works out to...
A land parcel at Choa Chu Kang has been launched for sale by tender for residential development. The Urban Redevelopment Authority (URA) said it is one of four new residential sites to be released as a confirmed site under the Government Land Sales Programme for the first half of 2008. At 1.9 hectares, the plot will have a maximum permissible gross floor area of 53,200 square metres. A condominium up to 36...
SMRT has officially opened its first heartland, non-underground retail space - Choa Chu Kang Xchange, at the junction of a bus interchange, MRT and LRT stations. This follows the Raffles and Dhoby Xchanges, both of which are in the city. Covering close to 1,000 square metres, all 42 shops at Choa Chu Kang Xchange have been leased out. MRT Corporation president & CEO, Saw Phaik Hwa, said: "(Five...