Two new residential sites have been launched for sale by public tender on Thursday, to provide home-buyers and developers with more choices for private housing. The Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) said the sites are at Hillview Avenue and Upper Serangoon View/Upper Serangoon Road. The two parcels are under the Confirmed List of the first half of this year's...
Land Sales
The tender for a 99-year leasehold residential site at Kovan Road / Simon Road drew 11 bids at the close yesterday, according to data from the Urban Redevelopment Authority. The top bid of S$194.6 million, or about S$507 psf of gross floor area, was made by a three-way consortium comprising Hoi Hup Realty, Investment Focus and Oriental Worldwide Investments. The 4.2-acre site has a maximum permissible...
National Development Minister Khaw Boon Wan has said the government will continue to release sites via the Government Land Sales Programme to ensure there is sufficient commercial and industrial space to meet demand over the medium term. He said this will ensure that prices are not out of line with economic fundamentals. Mr Khaw said prices of commercial and industrial spaces have risen following the...
The government tender for a 99-year leasehold condominium site in Jalan Lempeng near Clementi town centre attracted eight bids at the close yesterday, with the top price of S$408 million coming from Multi Wealth, a wholly-owned unit of Malaysian developer IOI Properties. Multi Wealth's bid is 13 per cent and 22 per cent above the second- and third-highest bids, respectively, reflecting the keen interest...
A consortium - comprising Intrepid Investments, Sunmaster Holdings and TID Residential - has submitted the highest bid in the tender for a residential site at Mount Vernon Road. The consortium submitted the top bid of S$388.11 million for the 20,810.9 sq m site. Only five bids were submitted for the site even though it is a very accessible location, reflecting what an analyst said is the cautious...
As 2012’s first tender for a 99-year leasehold private condo site (at Mount Vernon Road) under the Government Land Sales (GLS) Programme closes today, the cautious bidding seen for Punggol Place, 2011’s last state tender, is expected to continue, according to a Business Times report. Although the Punggol tender drew 13 bids, major property developers were mostly absent. The top bid of about S$354 psf...
The Ministry of Trade and Industry (MTI) will be releasing more land to meet potential demand under its Industrial Government Land Sales Programme (IGLS) for the first half of 2012. In a statement, MTI said it will place 16 sites in the Confirmed List and 12 sites in the Reserve List, with a total site area of almost 24 hectares. More sites of smaller size and shorter tenure have also been released to...
The government has released three residential sites for sale on Thursday. These are at Bedok South Avenue 3, Jervois Road and Boon Lay Way. The Urban Redevelopment Authority (URA) said they can yield about 1,325 housing units, adding to the 21,560 units launched for sale under the Government Land Sales (GLS) Programme this year. The land parcels at Bedok South Avenue 3 and Jervois Road are launched for...
Wee Hur Development Pte Ltd has won the tender for a land parcel at Punggol Central / Punggol Place at a price of $206.2m. The Housing & Development Board (HDB) launched the condo site for tender on 27 October 2011, attracting 13 bids. The parcel has a total area of 18,019.4 sq m and a maximum gross floor area (GFA) of 54,058.2 sq m. It is zoned for condominium development, which can yield some 540...
A Government Land Sales site in Punggol has received a top bid of $206.2 million. The public tender closed on Thursday with 13 bids received. Wee Hur Development is the top bidder for the Punggol Central site. Opal Star put in a bid of $200.88 million and Lum Chang Building Contractors, $198.42 million. This is the first condominium site tender to close since the latest property cooling measures were...