An industrial site at Gambas Crescent (Parcel 4) attracted four bids at the close of tender by the Urban Redevelopment Authority (URA) on Tuesday (Aug 26). The highest bid of S$35 million came from NSS Realty Pte Ltd, while the lowest bid of S$25.6 million was put in by Hock Lian Seng Holdings. The 1.57-hectare site is zoned for Business-1 development and has a 30-year tenure and a maximum gross plot...
Land Sales
Two new residential sites have been released for sale, and these are expected to yield about 900 residential units when developed, according to both the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB). The residential site at Lorong Puntong and Executive Condominium (EC) site at Sembawang Road/Canberra Link were launched for sale on Monday (Aug 18) under the second half...
Two sites in Sengkang put up for sale under the Government Land Sales (GLS) programme have received lower-than-expected bids in yet another sign of a softening private residential market. The 178,723 sq ft Fernvale Road Parcel A received four bids, with CEL Development and Unique Residence jointly putting in the top bid of S$234.9 million, or around S$438.20 per square foot per plot ratio (psfppr),...
JTC Corporation on Tuesday (July 29) launched two industrial sites at Tuas for sale under the second half 2014 Industrial Government Land Sales (IGLS) programme. The two sites - at Tuas Bay Close and Tuas South Street 7 - were launched as part of the Government's efforts to provide industrial space and offer more choices for industrial development, the company said in its statement. For the Tuas Bay...
The Housing and Development Board (HDB) and Singapore Land Authority (SLA) has earmarked a 1.23-hectare plot of land at the junction of Syed Alwi Road and King George's Avenue for public housing development. In a joint statement on Monday (July 14), the agencies said the land is zoned for residential use in the Master Plan and comprises mainly of vacant State land and a private industrial property at...
A residential site at Sembawang Avenue has received only four bids. A consortium comprising FCL Tampines Court and KH Capital submitted the highest bid of about S$214 million for the 22,189.7 square metre site. That translates to a unit price of about S$320 per square feet per plot ratio (psf ppr). The second highest bid for the site came from a consortium that includes Verwood Holdings and TID...
The Urban Redevelopment Authority (URA) has awarded the tender for a 3.9 hectare industrial site at Woodlands Avenue 12 to Wee Hur Development. Wee Hur submitted the highest bid of S$76.9 million for the site, which has a 30-year lease term and a maximum gross plot ratio of 2.5. Source : Channel NewsAsia - 4 Jul...
The Government on Thursday (June 26) announced the launch of three residential sites for sale this month under the first half of the Government Land Sales (GLS) Programme. The two residential sites at Fernvale Road in Sengkang and one Executive Condominium site at Choa Chu Kang Drive – which can collectively yield up to 1,700 housing units – were launched under the confirmed list, the Urban...
The Urban Redevelopment Authority (URA) and JTC have launched three sites under the Industrial Government Land Sales (IGLS) Programme, as part of the Government's efforts to offer more choices for industrial development. In a joint statement on Tuesday (June 24), the agencies said two confirmed list sites at Gambas Crescent and off Tuas South Avenue 7, and a reserve list site off Tuas South Avenue 14...
A commercial site along Paya Lebar Road that is expected to be launched for sale later this year could set the tone for the development of the Paya Lebar regional centre. That is according to some property analysts, who also say that any developer keen on the site may have to cough up more than a billion dollars, just in land cost alone. In October, the Government is expected to release a 4-hectare...