Land Sales

Site of former Caldecott Broadcast Centre sold for S$280.9 million

The site of the former Caldecott Broadcast Centre at Andrew Road has been sold for S$280.9 million, real estate consultants CBRE and Showsuite Consultancy said in a joint press release on Tuesday (Dec 15). The 752,015 sq ft site was sold to PRE 10, an entity which will be jointly owned by Perennial Real Estate Holdings and its chairman, Mr Kuok Khoon Hong. Caldecott Broadcast Centre served as...

Government maintains ‘moderate supply’ of land for private housing

The Government released on Thursday (Dec 3) the Government Land Sales (GLS) programme for the first half of 2021, with sites capable of yielding about 7,045 private residential units, 101,200 sq m of gross floor area of commercial space and 1,070 hotel rooms available. Four sites in this GLS programme are new: Two parcels at Slim Barracks Rise in one-north are on the Confirmed List, while one at Jalan...

Evelyn Road site in Newton up for sale with guide price of S$20m

A freehold residential redevelopment site at 1C Evelyn Road in District 11 is up for sale via expression of interest with a guide price of S$20 million, sole marketing agent JLL said on Wednesday. This translates to about S$1,467 per square foot (sq ft) per plot ratio based on a 9,873 sq ft site with a gross plot ratio of 2.8, inclusive of development charge. The land plot is zoned for residential...

URA launches tender for Tanah Merah Kechil Link site

A land parcel at Tanah Merah Kechil Link, slated for residential with commercial use on the first storey, is now up for sale by public tender. The Urban Redevelopment Authority (URA) launched the tender on Thursday, under the confirmed list of the first half 2020 government land sales (GLS) programme. The site can potentially yield about 265 residential units and has a lease period of 99 years. It...

Frasers Property unit tops bids for Sengkang EC site; UOL-led consortium is highest bidder for a condo plot in Canberra Drive

Land tenders for three 99-year leasehold housing sites comprising two adjoining private housing sites in Canberra Drive in Singapore's north and an executive condominium or EC site along Fernvale Lane in the Sengkang area closed on Tuesday. Canberra Drive (Parcel A) drew five bids, with the highest offer of nearly S$129.20 million or about S$644 per square foot per plot ratio (psf ppr) from Oasis...

No sign of collusion by developers in bidding for Government land sales: Lawrence Wong

A Government-led review has rejected a claim that property developers have been colluding in their bids on Government land sales (GLS) tenders, an assertion which National University of Singapore (NUS) academics initially said had deprived the state’s coffers of hundreds of millions of dollars of revenue. The four NUS Business School researchers later retracted this claim from their paper, but on...

CDL top bidder for Irwell Bank Rd site, Wee Hur tops bids for plot near Bartley station

Urban Redevelopment Authority tenders for two 99-year leasehold private housing sites - one along Irwell Bank Road near Great World City, and the other near Bartley MRT Station, closed on Thursday. Here are the provisional tender results: The site at Irwell Bank Road drew seven bids. The highest bid, from City Developments (CDL), was at nearly S$583.89 million or S$1,515.10 per square foot per plot ratio...

HDB releases 2 executive condo sites at Sengkang and Tampines

The Housing and Development Board on Monday released two executive condominium (EC) sites, one along Fernvale Lane and the other on Tampines Street 62. Both 99-year leasehold land parcels can yield up to a total of 1,100 residential units. The Fernvale site was launched for sale by public tender, under the confirmed list of the H2 2019 government land sales (GLS) programme. It spans some 17,130...

Kampong Bugis white site, River Valley hotel site available for application: URA

The Urban Redevelopment Authority has made available for application a white site at Kampong Bugis and a hotel site at River Valley Road on the government’s reserve list. The sites, under the reserve list of the second-half 2019 Government Land Sales (GLS) programme, were recently carried over to the first-half 2020 GLS programme. The Kampong Bugis site, at the mouth of Kallang River, will be...

Government holds housing land sales steady amid supply-demand gap

The government is holding land supply for private homes steady for the first half of 2020, which should keep the residential market stable amid a big supply of unsold units. It said on Tuesday that it will keep the supply of private housing units on the confirmed list for the H12020 government land sales (GLS) programme broadly similar to that for H22019. The Ministry of National Development (MND)...

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