MCL Land (Brighton) submitted the highest bids for two 99-year leasehold sites for Executive Condominium (EC) development at Chua Chu Kang Grove. The two adjacent plots were put up for sale under the batch tender closing system, aimed at ensuring more prudent bids from developers. According to the Housing and Development Board (HDB), the first plot, Parcel A, attracted a total of seven bids. The...
Land Sales
The use of productive technologies will soon be mandated for selected Government Land Sales (GLS) sites in tender conditions. These technologies include prefabricated bathroom units. This was announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam in Parliament during his Budget Speech on Friday. Mr Tharman said the move is part of efforts to transform the eco-system of the...
A land site for an executive condominium (EC) development at Anchorvale Crescent has attracted 12 bids at the close of tender on Thursday. According to the Housing and Development Board (HDB), Phoenix Real Estate submitted the highest bid of S$192.89 million, which is 1 per cent higher than the second top bid of S$191 million from MCL Land. Phoenix Real Estate is a wholly-owned subsidiary of SGX...
A land site for an executive condominium (EC) development at Canberra Drive has attracted six bids at the close of tender on Tuesday. According to the Housing and Development Board (HDB), City Developments unit Verwood Holdings and its joint venture partner TID Residential has submitted the highest bid for S$226 million. That works out to about S$350 per square foot, per plot ratio (psf ppr). The...
A sales tender for a hotel site housing the former Joo Chiat police station at East Coast Road has attracted eight bids. According to the Urban Redevelopment Authority (URA), a consortium comprising Master Contract Services and Keong Hong Construction submitted the top bid of S$352.8 million. This was around 10 per cent higher than the second highest bid of S$321.3 million put in by CEL Residential...
A sales tender for a private residential site at Upper Paya Lebar Road has attracted seven bids, said the Urban Redevelopment Authority (URA) on Tuesday. UOL Overseas Investments submitted the top bid of S$392.3 million for the 99-year leasehold site. The bid was about 3.7 per cent more than the second highest bid of S$378.3 million from EL Development. The lowest bid of about S$205.9 million was...
A land parcel at Westwood Avenue for executive condominium (EC) development has attracted 12 bids at the close of tender on Tuesday. The Housing and Development Board (HDB) said the top bid of S$198.9 million came jointly from Changi Properties and Heeton Homes. This translates to a land price of S$382 per square foot per plot ratio. The next highest bid of S$198 million is a joint tender from...
JTC Corporation (JTC) has launched four plots of land at Tuas South for sale by public tender on Friday. The four land parcels are located at Tuas South Streets 6, 11 and 13, and are zoned for Business-2 development with a lease of 21 years and five months. The sites, with land areas ranging from 4,551.4 square metres to 7,447.4 square metres, have maximum permissible gross plot ratios of 1.0. The...
The government is scaling back the supply of land for residential development in the first half of next year, a move that analysts said made sense in light of the softening market and the large supply of homes already being developed. The Ministry of National Development (MND) said yesterday seven residential sites and one mixed-development land parcel — mainly located away from the central region —...
The location of several sites in the upcoming government land sales programme could put pressure on some developers, especially those with unsold private residential units or yet-to-be launched projects in the area -- this is according to some property analysts. Market watchers told Channel NewsAsia some developers may have to cut prices to move sales. The private residential market will see a...