The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the hotel site at Victoria Street/Ophir Road today. The land parcel at Victoria Street/Ophir Road is made available for application under the Reserve List of the 2nd half 2012 Government Land Sales (GLS) Programme. The land parcel is located near to the Ophir-Rochor Corridor, a new growth area envisioned to become an...
Land Sales
The signs are clear for all to see: Developers' appetite for sites has rebounded strongly. In addition to the land parcels made available on the Confirmed List of the Government Land Sales programme, more sites have been triggered from the Reserve List in recent months. Under the Reserve List, the tenders will only be launched when a developer submits an application committing to bid at a minimum price...
A residential site at Bishan Street 14 has attracted nine bids. The top bid of S$505.1 million came from Allamanda Residential Development, a wholly-owned subsidiary of property developer CapitaLand. That is about 3.1 per cent higher than the second bid jointly placed by Singland Homes, UOL Venture Investments, and ORIX Investment and Management. Analysts had expected CapitaLand to submit a strong bid...
The Ministry of National Development (MND) will find it hard deciding on land supply to be allocated for private housing projects in 1H2013, said property experts. It will have to balance several factors such as looming supply glut, record home sales, an economic slowdown and developers’ keen appetite for land. “The quandary the authorities will face is that in the short run, demand chases supply....
The government is expected to offer a steady supply of land for residential developments in the first half of 2013. Property-watchers said the sites offered this year have seen strong interest from developers, pushing land prices up by an average of some 10 per cent on-year. To meet demand, the government has ramped up its land sales programme this year. For both the first and the second half of 2012,...
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Jurong Town Hall Road to Tamerton Pte. Ltd. The firm submitted the highest bid of S$238.2 million, which translates to S$12,565.28 per square metre of gross floor area. Tender for the hotel site was launched on 19 September 2012 and closed on 20 November 2012. The land parcel was offered for sale on a 99-year lease term....
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Jalan Jurong Kechil to World Class Developments (North) Pte Ltd. The company submitted the highest bid in the tender for the site. Tender for the residential site was launched on 19 September 2012 and closed on 15 November 2012. The site was offered for sale with a lease option of 30 years, 45 years or 60 years. A...
The tender for a hotel site at Jurong Town Hall Road has attracted 11 bids. According to the Urban Redevelopment Authority (URA), the top bid was submitted by Tamerton Pte Ltd, a subsidiary of Genting Singapore. The firm had put in a bid of S$238.2 million, which translates to S$12,565.28 per square metre of gross floor area. The other ten bids lodged range from S$204.8 million to S$128.7...
The Urban Redevelopment Authority (URA) received 23 bids at the close of tender for the residential site at Jalan Jurong Kechil on Thursday. Property consultants said this is the highest number of bids received since the 32 bids submitted in the tender for the Westwood Avenue residential site that closed in December 2009. World Class Developments (North) Pte Ltd - a subsidiary of SGX-listed firm Aspial...
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) are releasing four sites for sale in November 2012. The two land parcels at Jurong West Street 41 and Ang Mo Kio Avenue 2 are launched for sale today under the Confirmed List. In addition, Parcel B at Jurong West Street 41 is also made available...