The Urban Redevelopment Authority (URA) on Thursday released the detailed sales conditions for an industrial site at Sims Drive/Aljunied Road for public tender. The land parcel is part of the Reserve List of the Industrial Government Land Sales Programme for the second half of 2011. URA said interested developers can apply for the site to be put up for tender. The site has an area of about 0.63 ha and...
Land Sales
A freehold residential site located at District 15 in the East Coast area has been launched for public tender with a price tag of over S$23 million. Its exclusive marketing agent HSR Investment Sales said owners of the four landed houses currently in the site have given the nod to the joint investment sale via 100 per cent consensus. HSR said the site has an indicative price of between S$23.25 million...
The Housing & Development Board has awarded the tender for the land parcel at Punggol Central/Edgedale Plains to Qingjian Realty (South Pacific) Group. The developer had submitted a bid of S$215.87 million for the 20,256.1 sq m site. The 99-year leasehold site is earmarked for condominium housing development that can yield an estimated 610 units. It has a maximum gross floor area of 60,768.30 square...
The Urban Redevelopment Authority (URA) has rejected the only bid submitted by the subsidiaries of UOL Group and Singapore Land for a commercial site at Sims Avenue / Tanjong Katong Road because the price is too low. UOL Venture Investments and SL Development had submitted a joint bid of S$529.3 million, or about S$566 psf per plot ratio, for the 99-year leasehold site. "We are very disappointed that the...
A transitional office site on Mountbatten Road, which was put up for sale by the Urban Redevelopment Authority (URA) last month, drew 11 bidders at the close of the tender yesterday. The top bid of $15.01 million or $119 per square foot per plot ratio (psf ppr) came from an individual, Chen Chew Yen. If the site is awarded, it will be the first time in more that 18 months that a transitional office site -...
MCC Land has won the tender to develop an executive condominium project at Yishun Avenue 7 and Canberra Drive. The Housing and Development Board said the tender was awarded at nearly S$214 million. The site on a 99-year lease can yield 725 units. Source : Channel NewsAsia - 31 Oct...
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a White site at Marina View / Union Street today. The subject land parcel is made available for application under the Reserve List of the second half 2011 Government Land Sales Programme. Developers interested in purchasing the site can now apply to URA for it to be put up for tender. With direct frontage to the planned...
The tender for a land parcel at Yishun Avenue 7/Canberra Drive closed on Tuesday with a total of eight bids. The 99-year lease property received a top bid of S$213 million from MCC Land, according to a release by the Housing and Development Board (HDB). The second highest bid of S$197.5 million came from Sunmaster Holdings, while the S$190 million joint bid from Russville Pte Ltd and Low Keng Huat...
The tender for a Government Land Sale at Flora Drive closed on Wednesday with a top bid of S$163 million from Realty Consortium. The company is understood to be part of Koh Brothers Development. A total of eight bids were received with the lowest coming in at S$130 million. Tripartite Developers and Qingjian Realty (South Pacific) Group put in the second and third highest bids of $147.6 million and...
The tender of a commercial site at Sims Avenue / Tanjong Katong Road closed on Tuesday with only one bid - a joint tender by UOL Group and Singapore Land for S$529 million. The 99-year lease site was launched by the Urban Redevelopment Authority (URA) on July 26 and has a maximum permissible gross floor area of 86,918 square metres. The tender price translates to about S$565.74 psf of gross floor area...