A government land tender for a residential site drew a massive 22 bids, despite tough new measures to cool the housing market. The Urban Redevelopment Authority (URA) said the site at Chestnut Avenue/Almond Avenue attracted a top bid of S$70.8 million from a company called SCB Terraform. The next highest bid of S$67.8 million came from SK Land Pte Ltd. CT Projects Pte Ltd put in the third highest bid of...
Land Sales
The Government Land Sales (GLS) Programme for the first half of 2012 (1H2012) will comprise 14 Confirmed List sites and 27 Reserve List sites. These sites can yield about 14,100 private residential units, including 3,500 Executive Condominium (EC) units, 218,000 sqm gross floor area (GFA) of commercial space and 4,800 hotel rooms. The Ministry of National Development (MND) announced this on...
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for two industrial sites at Yishun Avenue 9 (Parcels 5 and 6) today. The two land parcels at Yishun Avenue 9 are made available for application under the Reserve List of the 2nd half 2011 Industrial Government Land Sales Programme, as announced by the Ministry of Trade and Industry on 30 June 2011. Developers interested in...
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Jalan Bukit Merah / Alexandra Road to CEL Development Pte Ltd. The company submitted the highest bid in the tender for the site at $189,000,000 ($8,494.76 per square meter of GFA). The tender for the hotel site was launched on 5 October 2011 and closed on 1 December 2011. The land parcel was offered for sale on a 99-year...
The tender for the development of a residential site at Alexandra Road closed on Tuesday with seven bids, the Urban Redevelopment Authority (URA) said. The top bid of S$396 million was jointly submitted by Sunmaster Holdings, Intrepid Investments and Garden Estates Limited. These are units of City Developments, Hong Leong Group and Hong Realty respectively. The bid translates to S$8,120.08 per sq...
The Urban Redevelopment Authority (URA) said it has awarded the tender for the commercial and residential site at Jelebu Road/Petir Road to Sim Lian Land and Sim Lian Development. The firms submitted the highest bid of S$492.8 million for the site in a tender that closed on November 30. The price translates to around S$8,667.73 per sq m. Launched for sale on October 11, the 99-year lease site measures...
The Urban Redevelopment Authority (URA) has closed the tender for the hotel site at Jalan Bukit Merah/Alexandra Road. It attracted a total of six bids, with CEL Development submitting the highest bid at S$189 million. The rest of the bids ranged between S$118 million and S$184 million. The 99-year leasehold site, which has an area of about 0.79 ha and a maximum permissible gross floor area of 22,249...
The Urban Redevelopment Authority has released a so-called 'white site' at Thomson Road/Irrawaddy Road in the Reserve List under the Government Land Sales Programme for the second half of 2011. A 'white site' is an area that may be developed for a variety of uses, namely commercial, hotel or residential. Developers who are interested in the land parcel can apply to the URA for it to be put up for...
The Urban Redevelopment Authority (URA) has closed the tender for the commercial and residential site at Jelebu Road/Petir Road. The 1.89-hectare site attracted a total of 10 bids, with the top bid of S$492.8 million coming from Sim Lian Land and Sim Lian Development. URA said the rest of the bids for the 99-year leasehold plot ranged between S$445.2 million and S$250 million. Located adjacent to the...
The Urban Redevelopment Authority has awarded the tender for the residential site at Chestnut Avenue to S P Setia International. The site attracted 12 bids, with S P Setia International submitting the highest bid at S$180 million. The 1.87-hectare land parcel which was offered for sale on a 99-year lease could yield about 380 housing units. Source : Channel NewsAsia - 30 Nov...