The Government’s vision for Jurong’s transformation into a distinctive, mixed-use heartlands business hub is gathering pace, following the news that the area will be home to the terminus for the Singapore-Malaysia High Speed Rail (HSR). While many residents seem enthusiastic about the energy and vibrancy that is being added to what used to be a quiet, unfashionable part of Singapore, some are...
Jurong Gateway
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Boon Lay Way (Jurong Gateway) today after receiving 12 tenders for the land. The site at Boon Lay Way (Jurong Gateway) was launched for sale by public tender on 30 April 2012. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 16 April 2012, accepted a successful application for the...
The retail scene in the Jurong Gateway area is set to become more vibrant with the addition of Jem, developed by Lend Lease. Many expect its retail traffic to be supported by the heavy concentration of people living and working in the west. Suburban malls have always been a bit dowdy compared to the fancier malls in the city. But with Singapore growing rapidly, the retail landscape is also changing. The...
The Urban Redevelopment Authority (URA) has accepted a joint tender for the Jurong Gateway site at a tender price of nearly S$969 million from CapitaMall Trust, CapitaMalls Asia and CapitaLand. The 99-year leasehold site is likely to be developed into a mixed retail and office space. It has a land area of approximately 18,159 square metres, with a maximum permissible total gross floor area of 88,980...
A second land parcel in Jurong Lake District was launched for sale by public tender on Wednesday. The Urban Redevelopment Authority (URA) said the land parcel located at Jurong Gateway Road was made available for sale through the Reserve List System in October 2010. An unnamed developer has committed to bid at a price of not less than S$510 million for the land parcel, triggering the sale...
A white site at Jurong Lake District will be released for sale by public tender in two weeks time. The Urban Redevelopment Authority (URA) said the land parcel was made available for sale through the Reserve List System in October 2010. The sale process was triggered when the URA received an application from a developer to put up the land parcel for tender. The unnamed developer has committed to bid at...
The Ministry of National Development (MND) announced on Thursday that it has signed the Heads of Terms Agreement to take up a 30-year lease for 29,300 square metres of office space in the Lend Lease's white site development at the Jurong Gateway. This marks the first time a government agency is committing to a long-term lease with a private developer in its development project. MND announced last year...
The Urban Redevelopment Authority (URA) has awarded the tender for the white site at Jurong Gateway Road to Lend Lease Retail Investments 3 and Lend Lease Commercial Investments. The company submitted the highest bid of S$748.9 million for the site. The site can be developed for commercial, residential or hotel use. It has a site area of 19,124.5 square metres, and a maximum gross floor area of 107,098...
A mixed-use white site at Jurong Gateway Road garnered aggressive bidding from developers as its tender closed yesterday. Australian property firm Lend Lease has put in the top bid of nearly $749 million - more than twice the $350-million trigger price for site. This price translates to about $650 per square foot per plot ratio. The second-highest bid of about $729 million came from Energy Trustee, while...
Australian property firm Lend Lease has put in the top bid of S$748.89 million for a mixed-use white site at Jurong Gateway Road. The tender price translates to about S$650 per square foot per plot ratio. The second highest bid of S$728.80 million came from Energy Trustee. Qingdao Construction put in the lowest bid of S$418 million. All in, there were six bids for the site put up for tender by the...