A subsidiary company of City Developments (CDL) is the top bidder for a site to develop an executive condominium (EC) at Sengkang West Way/Fernvale Link. The land parcel received a total of six bids at the close of tender on Thursday. Verspring Properties has put in the highest bid of S$135 million or S$296 per square foot per plot ratio (psf ppr). This is 0.1 per cent higher than the second highest...
Land Sales
The Urban Redevelopment Authority (URA) launched a residential site at Alexandra View for sale by public tender on Wednesday. The 99-year leasehold site was made available for sale through the Reserve List System on 26 September 2012. Under the Reserve List System, a site will only be put up for tender if the developer's minimum bid price is acceptable to the government. URA said a developer has...
JTC Corporation on Wednesday launched the sale of three industrial land parcels for public tender. The sites are located at Woodlands Avenue 10 and Tuas South Street 8. Measuring 1.07 hectares, the plot off Woodlands Avenue 10 has a lease term of 30 years and a maximum permissible gross plot ratio of 2.5. Tan Boon Leong, executive director for industrial services at Colliers International said the site...
The Urban Redevelopment Authority (URA) will be placing a Reserve List site at Alexandra View for sale by public tender. This comes after URA received an application from an unnamed developer to release the residential site for sale. URA said the developer has committed to bid at a price of not less than S$222,898,000 for the 99-year leasehold site which could potentially yield 375 residential...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at New Upper Changi Road to Sherwood Development Pte Ltd, a unit of Keppel Land. The company submitted the highest bid in the tender at about S$434.5 million for the 3.18-hectare site. Experts said the breakeven cost is estimated to range from S$1,150 to $1,250 per square foot and the selling price is likely to be...
A residential site at New Upper Changi Road attracted 11 bids at the close of tender by the Urban Redevelopment Authority (URA) on Tuesday. The highest bid of about S$434.5 million for the 3.18-hectare site came from Sherwood Development, a unit of Keppel Land. This works out to about S$791 per square foot per plot ratio (psf ppr). Sherwood Development's bid was 7.1 per cent higher than the next highest...
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel or commercial & residential site at Victoria Street / Jalan Sultan to Forward Land Pte Ltd. The company submitted the highest bid in the tender for the site at S$331.37 million. Based on maximum gross floor area GFA of 30,977 square metres, the bid works out to S$10,696.19 per square metre of gross floor area. Tender for...
The government is releasing five residential sites for sale in October 2012 which will yield about 2,880 units. These include two Executive Condominium (EC) sites and three residential sites. In a joint statement, the Housing & Development Board (HDB) and the Urban Redevelopment Authority (URA) said this is to provide developers and home-buyers with more choices for private housing. The site at...
A land site for hotel or mixed use development at Victoria Street/Jalan Sultan received nine bids at the close of tender on Thursday. Placing the top bid was Forward Land at S$331.37 million. Based on maximum gross floor area GFA of 30,977 square metres, the bid works out to S$10,696.19 per square metre of gross floor area. The top bid is also 9.1 per cent higher than the second bid which came from a...
The Urban Redevelopment Authority (URA) has launched the White site at Thomson Road / Irrawaddy Road for sale by public tender today. The land parcel was made available for sale through the Reserve List system on 30 November 2011. On 21 September 2012, URA announced that it had received an application from a developer to put up the site for tender. The developer has committed to bid at a price of not less...