Despite sluggish sales of new private homes, a residential site in Toa Payoh drew a massive 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates. The Housing and Development Board (HDB) said the 12,154.6 square metre, 99-year leasehold site at the junction of Lorong 6 and Lorong 4 Toa Payoh attracted a top bid of S$345.86...
Land Sales
A residential site in Toa Payoh drew 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates. The Housing and Development Board (HDB) said the 12,154.6 square metre, 99-year leasehold site at the junction of Lorong 6 and Lorong 4 Toa Payoh attracted a top bid of S$345.86 million from a group that includes Evia Real Estate,...
A residential site at West Coast Vale has been released for sale under the confirmed list of the first half of the Government Land Sales (GLS) Programme, the Urban Redevelopment Authority (URA) announced on Thursday (Jun 18). The site, which spans about 19,000 square metres (sq m) and has around 53,000 sq m in permissible gross floor area, can potentially yield about 595 residential units, URA...
The Ministry of National Development (MND) said on Thursday (Jun 11) that it has launched four Confirmed List sites and 13 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2015. The Confirmed List sites comprise three private residential sites at Alexandra View, Clementi Avenue 1 and Siglap Road, and an Executive Condominium (EC) site at Yio Chu Kang...
JTC Corporation has launched two Confirmed List sites and one Reserve List site under the Industrial Government Land Sales programme. Under the Confirmed List, the 0.6 ha site at Tuas South Link 2 and 0.5 ha site at Tampines Industrial Drive have a 20-year tenure and a maximum permissible gross plot ratio of 1.4. The tenders will close on Jul 21 at 11:00am, said JTC in a news release on Tuesday (May...
A residential site at Tampines Avenue 10 drew 12 bids at the close of the auction on Tuesday (Apr 28), indicating strong demand from developers despite the soft property market. The Urban Redevelopment Authority (URA) said the 15,660.4 square metre 99-year leasehold site attracted a top bid of S$227.78 million from MCC Land (Singapore). This works out to around S$5,194.53 per square metre of gross floor...
A land parcel at Paya Lebar Road/Sims Avenue for commercial development has attracted six bids at the close of its tender on Tuesday (Mar 31). The top bid of S$1.67 billion was submitted jointly by Roma Central Pte Ltd, Milano Central Pte Ltd and Verona Central Pte Ltd. This works out to S$10,145.65 per square metre of the gross floor area (GFA). Meanwhile, the lowest bid of S$889.18 million was placed...
Home buyers will have a greater variety of private housing choices with the release of a residential sale site at Tampines Avenue 10 on Tuesday (Mar 17), the Urban Redevelopment Authority (URA) said. Under the Confirmed List of 1st Half 2015 Government Land Sales Programme, the residential sale site (Parcel D) can yield about 490 residential units, with a lease period of 99 years. With a site area of...
A residential land site at Jurong West Street 41 attracted nine bids, at the close of tender on Tuesday (Mar 10). MCL Land (Vantage) submitted the top bid of S$338.12 million for the 17,803.5-square-metre 99-year leasehold site. This translates to S$6,782.71 per square metre of the gross floor area (GFA). CBRE Research Head Desmond Sim said the number of bids received is "testament to the confidence of...
A new site at Tuas South Street 6 is up for sale, announced JTC Corporation on Tuesday (Feb 24). The 0.7-hectare site was launched for sale by public tender under the first half 2015 Industrial Government Land Sales (IGLS) Programme. The Confirmed List site is zoned for Business-2 development and has a 20-year 3-month tenure, with a maximum permissible gross plot ratio of 1.0, JTC said in its press...