The Housing & Development Board (HDB) tender for the land parcel at Upper Serangoon View / Upper Serangoon Road has attracted seven bids at the close. The top bid came from a joint offer by Ho Lee Group Pte Ltd and Evia Real Estate Management Pte Ltd for S$141.5 million. This works out to S$303 per square foot (psf) per plot ratio. The top bid is seven percent more than the second bid of S$132.1...
Land Sales
The Urban Redevelopment Authority (URA) has on Thursday placed two sites for sale by tender. The first plot is a hotel site at Rangoon Road / Farrer Park Station Road which was made available for sale through the Reserve List system last November. With a land area of about 0.3 hectare, the hotel site is expected to generate a gross floor area of about 13,004 square metres. URA said a developer has...
The Housing and Development Board (HDB) has launched the tender for four residential sites, which could yield approximately 2,070 residential units. Three of the four land parcels were released under the confirmed list, while the last plot was made available under the reserve list of the 1H2012 Government Land Sales (GLS) Programme. The three sites — Punggol Central/Edgefield Plains (pictured),...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Bedok South Avenue 3 to a consortium for S$345.9 million. The consortium, comprising FE Lakeside, FCL Topaz, and Sekisui House Singapore, has put in the highest bid out of a total of seven bids for the 99-year leasehold site. Market watchers say the top bid of S$345.9 million or S$534 per square foot (psf) per plot...
A residential site at Bedok South Avenue 3 attracted seven bids at the close of tender yesterday, with the top one of S$345.9 million coming from a consortium comprising FE Lakeside, Frasers Centrepoint's FCL Topaz and Sekisui House Singapore. The best bid translates to about S$534 per sq foot per plot ratio, the Urban Redevelopment Authority (URA) said. Mr Lee Sze Teck, senior manager of research and...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Jervois Road to SL Development, which submitted the highest bid of S$118.9 million. The 99-year leasehold site had attracted 17 bids during the tender exercise, which was launched on Dec 22 last year and closed on Feb 2. The 96,423-sq-ft site has a maximum permissible gross floor area of about 135,000 sq ft and is...
A developer has committed to bid not less than S$56,500,000 for a land parcel on the Reserve List of the Government Land Sales Programme. The site at Rangoon Road/Farrer Park Station Road is slated for hotel development. The Urban Redevelopment Authority (URA) said the price committed by the developer is acceptable to the government, and it will release it for sale by public tender. The 0.3-hectare land...
The Urban Redevelopment Authority (URA) said a 99-year leasehold private condo plot at Jervois Road has attracted 17 bids from developers. The site was launched for public tender on 22 December 2011 and the tender closed on 2 February 2012. SL Development submitted the top bid of $118.9 million or $880.74 per square foot per plot ratio (psf ppr). The second highest bid of $110 million or $814.81 psf ppr...
Industrial property developer JTC Corporation has launched an industrial land site at Serangoon North Avenue 4 for sale by public tender. The 0.8 hectare site is part of the Industrial Government Land Sales Programme introduced in December 2011. The site has a lease of 58 years and a maximum permissible gross plot ratio of 2.5. It is zoned for Business 1 development, such as light industry, clean...
The Urban Redevelopment Authority (URA) has awarded the tender for a 16,994.1 sq m residential site at Kovan Road to a consortium comprising Hoi Hup Realty Pte Ltd, Investment Focus Pte Ltd and Oriental Worldwide Investments Inc, after submitting the top bid of S$194.6 million. Located at the junction of Kovan Road and Simon Road, the site has a maximum permissible gross floor area (GFA) of 35,688 sq m...