The Government on Tuesday (June 10) announced the launch of nine confirmed list and 14 reserve list sites under the second half of the Government Land Sales (GLS) Programme. These 23 sites can collectively yield up to 10,200 private residential units - including 1,500 Executive Condominium (EC) units - and 352,000 square metres (sq m) of gross floor area of commercial space, the Ministry of National...
Land Sales
The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) have released a commercial and residential site, and a residential site respectively for sale under the Government Land Sales (GLS) Programme. Together, the two sites can yield about 1,300 residential units. The commercial and residential site at Meyappa Chettiar Road, launched for sale under the Confirmed List, is...
A residential site at Sims Drive attracted only four bids at the close of a Housing & Development Board (HDB) tender on Tuesday. First Changi Development, a unit of Guocoland, submitted the highest bid of S$530.9 million for the 23,900.1-square-metre site. The price translates to S$687.9 per square foot per plot ratio (psf ppr). The second highest bid came from a consortium comprising Verwood...
Three sites have been launched for industrial development, under the first half of 2014 Industrial Government Land Sales (IGLS) Programme. Located at Woodlands Avenue 12, a 3.9 ha site released by the Urban Redevelopment Authority (URA) has been zoned for Business-1 development and has a 30-year tenure and a maximum permissible gross plot ratio of 2.5. A second site, at 8,922 sq m, has been released...
In another sign that the repeated rounds of cooling measures and loan curbs are taking their toll on the property market here, developers showed greater caution in their bids for a private residential site at Prince Charles Crescent in Redhill. The tender for the 268,713 sq ft site attracted seven bids at the close yesterday, with the highest offer by UOL Venture Investments and Kheng Leong Company at...
The tenders for the first two industrial land parcels in the Industrial Government Land Sales (IGLS) Programme for the first half of this year closed on Tuesday with healthy interest, although the offers were relatively conservative, analysts said. The tender for Plot 45 at Tuas South Street 6 attracted eight bids, with the highest bid from SH Design & Build at S$5.3 million or S$70.17 psf ppr. Down...
A government tender for a commercial site in the Woodlands Regional Centre drew strong response, with a consortium that included Far East Organization submitting the highest bid of S$634 million, the Urban Redevelopment Authority (URA) said on Tuesday. The bid by the consortium comprising Far East Organization, Tannery Holdings and Sekisui House for the Woodlands Square site works out to around S$906...
The government has released three land parcels for private housing which are expected to yield some 1,300 units. In a joint news release, the Housing and Development Board and the Urban Redevelopment Authority said those three sites are released for sale under the first half of this year's Government Land Sales programme. Two adjacent sites at Yishun Street 51 have been launched for sale under the...
A residential site at Yishun Avenue 9 attracted just five bids at the close of an Urban Redevelopment Authority (URA) tender on Tuesday, attesting to the weakened sentiment in the property market. EL Development submitted the highest bid of S$278.8 million for the 20,553.8 square metre site. The price translates to around S$4,844 per square metre of gross floor area. The other bidders for the site...
The first land parcel in the Government Land Sales (GLS) programme for the first half of this year was released for sale by the Urban Redevelopment Authority (URA) yesterday, with analysts expecting keen interest for the attractively located site as developers look to build up their land banks. However, bids for the 99-year leasehold Prince Charles Crescent site are likely to fall well short of the...