A residential site at Mount Sophia attracted nine bids at the close of its tender on Tuesday, according to the Urban Redevelopment Authority (URA). The highest bid was submitted by a consortium comprising Hoi Hup Realty, Sunway Developments and S C Wong Holdings at S$442.28 million. This works out to a land price of S$1,157 per square foot per plot ratio (psf ppr). The top bid is only 0.1 per cent...
Land Sales
A land site in Yishun for mixed commercial and residential development attracted five bids at the close of its tender on Thursday, according to the Housing and Development Board (HDB). Frasers Centrepoint, through its units North Gem Development & FC North Gem Trustee, submitted the highest bid of S$1.43 billion for the land parcel at Yishun Avenue 2/Yishun Central 1. This works out to about S$1,077...
The government will be launching a hotel site at Havelock Road for sale by public tender in two weeks’ time. The Urban Redevelopment Authority (URA) said the site on the government's reserve list was triggered for sale after a developer had committed to bid at a price of not less than S$18 million for the site. Under the Reserve List system, a site will only be put up for tender if the developer's...
JTC Corporation (JTC) and Urban Redevelopment Authority (URA) on Thursday released four industrial sites for sale by public tender. Offered under the Second Half 2013 Industrial Government Land Sales (IGLS) programme, the sites will provide more choices for industrial development. The four sites have a total land area of 3.4 hectares. Two sites in Tuas South, plots 4 and 28, have a 21-year 9-month...
A commercial site at Cecil Street/Telok Ayer Street attracted four bids at the close of tender yesterday, with the top bid of S$924 million coming from Fraser & Neave unit FC Commercial Trustee, data from the Urban Redevelopment Authority showed. The 99-year leasehold site, originally made available through the Reserve List of the Government Land Sales programme last December, was put up for tender in...
A commercial site at Cecil Street/Telok Ayer Street has attracted four bids at the close of its tender on Thursday. The top bid was submitted by Frasers Centrepoint through FC Commercial Trustee Pte Ltd for S$923.95 million. This works out to about S$1,111 per square foot per plot ratio. The lowest bid came in at S$707 million from AT Capital Holdings. Analysts expect the break-even for this site to...
Singapore's second-largest developer City Developments (CDL) said it is not looking to put in top-dollar bids on land tenders just to grow its land bank in Singapore. This is due to the so-called "qualifying certificate", which requires developers of high-end residential projects to sell their new homes within two years. CDL's Executive Chairman Kwek Leng Beng said: “It will be suicidal to keep on...
The tender for three executive condominium housing development sites closed on Tuesday with the land parcel at Yuan Ching Road drawing a whopping 16 bids. This is the highest number of bids for an executive condominium site in 16 years. Meanwhile, the land parcels at Punggol Central and Punggol Drive drew eight and six bids respectively. The top bid for the Yuan Ching Road site came from a...
An industrial site at Woodlands Industrial Park E9 has attracted 10 bids, according to the Urban Redevelopment Authority (URA). Incorporated Woodlands, a subsidiary of Incoporated Builder, was the top bidder for the 30-year lease land parcel with a bid of S$72.69 million. This works out to be approximately S$161 per square foot per plot ratio. The top bid was about 50 per cent more than the second...
A residential site in Tampines had attracted 10 bids at the close of its tender on Tuesday, according to the Urban Redevelopment Authority (URA). MCC Land (Singapore) Pte Ltd is the highest bidder at S$289.7 million for the 184,000 square feet land parcel. This works out to S$562 per square foot per plot ratio. The top bid is 7.6 per cent higher than the second-highest bid of S$269.2 million...