The Urban Redevelopment Authority (URA) has launched the industrial site at Gambas Avenue / Gambas Crescent for sale via public tender today. The land parcel was made available for sale through the Reserve List system on 24 June 2011. On 4 October 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of...
Land Sales
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing Development Board (HDB) will be releasing four residential sites for sale in October 2011. Together, these sites will yield about 1,900 units, adding to the 13,825 units which have been launched under the Government Land Sales (GLS) Programme this year. The supply of private...
The tender for a executive condominium (EC) site at Pasir Ris has attracted a high number of developers, according to the Housing & Development Board (HDB). There were a total of 11 bidders for the site at Pasir Ris Drive 3 and Pasir Ris Link. The top offer of S$122 million came from joint bidders Ho Lee Group and Maxdin. That translates to about $291 per square foot per plot ratio. This means a...
The Urban Redevelopment Authority (URA) launched the Commercial and Residential site at Jelebu Road / Petir Road for sale by public tender today. Located adjacent to the existing Bukit Panjang LRT station and the upcoming Bukit Panjang MRT Station, the land parcel is well positioned to be an attractive mixed-use development, with retail, F&B and residential uses. The future development will also be...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Jalan Loyang Besar/Pasir Ris Rise to Hoi Hup Realty, Sunway Developments and Oriental Worldwide Investments. The consortium submitted the highest bid of some S$141 million in the tender for the site. Their winning bid translates to a land price of about S$361 per square foot of gross floor area. The tender for the...
The Urban Redevelopment Authority (URA) has launched the industrial site at Soon Lee Street for sale by public tender today. This is the last industrial site to be released for sale under the Confirmed List of the 2nd half 2011 Industrial Government Land Sales Programme, as announced by the Ministry of Trade and Industry on 30 June 2011. The other two industrial sites namely, at Kaki Bukit Road 4 and...
The Urban Redevelopment Authority (URA) has launched the hotel site at Jalan Bukit Merah / Alexandra Road for sale via public tender today. The land parcel was made available for sale through the Reserve List system on 16 August 2007. On 22 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price...
The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the industrial site at Gambas Avenue / Gambas Crescent for sale via public tender. The land parcel was made available for sale through the Reserve List system on 24 June 2011. URA has received an application from a developer for the site to be put up for public tender. The developer has...
With the uncertain economic outlook already moderating the bids for Government land sales, analysts expect a continued decline if the economic situation turns dire. Mr Ku Swee Yong, chief executive of International Property Advisor, told Today it is "possible" for commercial land bids to fall by 5 to 10 per cent in the next year, depending on the employment situation in Singapore. SLP International...
The Urban Redevelopment Authority (URA) has launched the office site at Mountbatten Road for sale by public tender today. The land parcel was made available for sale through the Reserve List system on 31 October 2008. On 19 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than...