The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the two commercial sites at Venture Avenue and Cecil Street / Telok Ayer Street today. The land parcel at Venture Avenue is launched for sale by public tender under the Confirmed List, while the land parcel at Cecil Street / Telok Ayer Street is made available for application for sale under the Reserve List of the 2nd...
Land Sales
The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two sites for sale. The land parcel at Commonwealth Avenue was launched for sale on Tuesday under the Confirmed List. In addition, New Upper Changi Road (Parcel B) is also made available for sale on the Reserve List. Together, these two sites can yield about 1,300 residential units. Both are 99-year leasehold...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential at Alexandra View to Singland Homes Pte. Ltd. The company submitted the highest bid in the tender for the site at S$970 per square foot per plot ratio (psf ppr). This works out to S$332.68 million for a total site area of about 6,501 square metres. Property analysts are estimating the breakeven price to fall between...
Singapore will make available for sale sufficient land to build about 14,000 private homes in the first half of next year, the government said on Friday. The Ministry of National Development (MND) said this as it unveiled the Government Land Sales Programme for the first half of 2013 (1H2013). There will be 12 private residential sites, including five executive condominium (EC) sites, and one site for a...
The Ministry of National Development (MND) has announced the first half 2013 (1H2013) GLS Programme, which will provide an adequate supply of private housing to meet continued demand from home-buyers. The sites will yield about 14,000 private residential units, including 3,100 Executive Condominium (EC) units, comparable to the GLS programme in the second half of 2012. In addition, there is a potential...
The tender for a land parcel located at Sembawang Crescent/Sembawang Drive closed on Thursday with a top bid of $211.92 million. The site, measuring 21,718.4 square metres, received a total of eight bids. In a statement, the Housing and Development Board (HDB) said the top bid came from boutique developer JBE Holdings, while the second highest bid of S$210.1 million was handed in by FCL Place Pte. Ltd....
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Alexandra View today. The 99-year leasehold site at Alexandra View was launched for public tender on 7 November 2012. It was originally made available for sale through the Reserve List system on 26 September 2012. The top bid was submitted by Singland Homes, a wholly-owned subsidiary of SGX-listed property developer...
Stronger than expected bids were submitted for a parcel of land earmarked for executive condo development in the Punggol area. The 99-year leasehold property at Punggol Field Walk/Punggol East received a total of seven bids at the close of the tender on Thursday. Property consultants had forecast between three and six bids. The Urban Redevelopment Authority (URA) said the top bid of S$162.1 million was...
The 99-year leasehold 'white site' with a minimum hotel component at Thomson Road/Irrawaddy Road received a total of 9 bids at the close of tender on Tuesday. A white site is a site in which a variety of uses are allowed. The developer will possess the flexibility to decide on the mix of uses and respective amount of floor space dedicated for each use, as long as the total allowed Gross Floor Area (GFA)...
The Urban Redevelopment Authority (URA) launched the food & beverage site at Punggol Point for sale by public tender today. Punggol Point has been envisioned as a rustic coastal recreation destination with activities and attractions to enhance its unique waterfront location. With the opening of Punggol Promenade, Punggol Point Park and the North-Eastern Park Connector Network, Punggol Point today is a...