The tender for the hotel site at Rangoon Road/Farrer Park Station Road, near Little India district, has attracted 10 bids, according to the Urban Redevelopment Authority (URA). The top bid of S$151 million was jointly placed by RB Capital Robertson City and RB Capital Farrer. That works out to about S$11,612 per square metre of Gross Floor Area. URA said the remaining bids for the 99-year leasehold site...
Land Sales
A residential site at Boon Lay Way will be put up for sale by public tender after an application from a developer has been accepted by the government. The Urban Redevelopment Authority (URA) said the land parcel was made available for sale through the Reserve List system on December 22, 2011. Under the Reserve List system, a site will only be put up for tender if the developer's minimum bid price is...
The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) are releasing six residential sites for sale in April 2012. This is to provide developers and home-buyers with more choices for private housing. In a statement, the URA said that together, the six sites will yield about 2,380 units as part of the total 14,100 residential units to be released under the Government Land...
The Housing and Development Board (HDB) tender for a land parcel at Elias Road/Pasir Ris Drive 3 has attracted nine bids at the close. Analysts said the number of bids for the site - which has been designated for development of strata landed housing, condominium or flats - show that developers are still keen on the residential market. The top bid of S$165.9 million came from Elitist Development Pte...
An industrial site at Sims Drive has received a top bid of S$43.39 million at a Government Land Sales tender. The tender attracted a total of 14 bids. The top bid was put in by Fragrance Biz Space. It was also almost 25 per cent higher than the second highest bid of S$35 million from Mezzo Development. Based on the top bid, the land price works out to be S$2,749 per square metre of gross plot...
A residential redevelopment site at Fernvale Lane has received a top bid of S$245 million at the close of a public tender on Tuesday. Only four bids were received for the executive condominium (EC) site. The top bid came from Peak Living Pte Ltd, a subsidiary of Kheng Leong Group which is controlled by the family of tycoon Wee Cho Yaw. FCL Tampines Court Pte Ltd/Keong Hong Construction put in the second...
Four residential sites which could yield a total of 2,415 housing units will be released this month. In a statement, the Housing and Development Board (HDB) said it will be launching two Executive Condominium (EC) sites for sale on Thursday. The land parcels are located at Woodlands Avenue 5 and Tampines Central 7. Together, they can offer about 1,300 housing units. In addition, HDB said the Urban...
The Urban Redevelopment Authority (URA) announced on Wednesday that it has awarded the tender for a residential site at Hillview Avenue to Kingsford Development Pte Ltd. The 99-year lease site attracted seven bidders when the tender closed on 6 March. The tender was launched by URA on 19 January. Kingsford Development handed in the highest bid of S$243.2 million. The site at Hillview Avenue measures...
The tender for a residential site at Hillview Avenue closed Tuesday with a top bid of S$243.2 million, said the Urban Redevelopment Authority (URA). Of the seven bidders, Kingsford Development handed in the highest bid for the 99-year lease site, which was launched for tender on January 19. The second highest bid of S$205.1 million came from Flamegold (a unit of UOL Group), followed by MCL Land which...
The Housing & Development Board (HDB) has awarded the tender of a land parcel at Upper Serangoon View/Upper Serangoon Road to the top bidders of the executive condominium site. Ho Lee Group Pte Ltd & Evia Real Estate Management made a joint bid of S$141.48 million when the tender closed on March 1. The site received a total of seven bids at the close of the tender exercise. The 12,392.20 sq m...