The Housing and Development Board (HDB) is putting up two executive condominium (EC) sites at Pasir Ris (Pasir Ris Drive 3 / Pasir Ris Rise) and Yishun (Yishun Avenue 7 / Canberra Drive) for sale. The higher income ceiling of $12,000 and tiered CPF housing grants announced on August 15 will apply to these two projects. The tenders will close at noon on October 11 and October 25 for the Pasir Ris and...
Land Sales
The Urban Redevelopment Authority (URA) has launched the industrial site at Kaki Bukit Road 4 for sale by public tender today. This is one of the three industrial sites 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 Lavender Street...
Hong Leong Garden Shopping Centre at West Coast Way has been launched for sale by tender with an indicative price of between S$160 million and S$170 million. This works out to be a land rate of approximately $752 to $794 per square foot per plot ratio for redevelopment up to a gross plot ratio of 1.6, after factoring in the estimated land premium for the potential of acquiring the adjoining state land...
The Urban Redevelopment Authority (URA) has announced that the tender for a residential site for landed homes in Serangoon Garden Way has closed with the highest bid coming in at S$105 million. The bid came from a joint venture (JV) between City Developments Ltd (CDL) and Hong Realty under their wholly-owned subsidiaries Sunmaster Holdings Pte Ltd and Garden Estates (Pte) Limited respectively. URA said a...
The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Avenue 12 for sale by public tender. The land parcel was made available for sale through the Reserve List system on 24 March 2011. The tender was triggered because URA received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease. The 1.9-hectare site has a...
Urban Redevelopment Authority (URA) said the tender for a residential site at Upper Serangoon Road / Pheng Geck Avenue (Parcel A) closed with 15 bidders. The top bid of S$185.16 million came from Clerodendrum Land - a unit of Tuan Sing Holdings. The bid translates to a land price of S$6,106.52 per square metres of gross floor area. Realty Consortium submitted the second highest bid of S$178.9 million,...
A re-development site located at 693 Geylang Road has been put up for public tender Wednesday. The 99-year leasehold property is within the Geylang Conservation Area and measures some 6,488 square feet and is regular in shape. It is currently occupied by a two-storey detached development, which was previously used as a club-house by an association. The site has a gross plot ratio of 2.8 and is zoned for...
The Urban Redevelopment Authority (URA) is launching an industrial site at Woodlands Avenue 12 for sale by public tender in two weeks' time. The land parcel was made available for sale through the Reserve List system on 24 March 2011. The tender was triggered because URA has received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease. The...
Market watchers are observing lower tender bids for government land sales (GLS). According to OCBC Investment research, recent GLS tenders imply breakeven prices that are as much as 26 per cent below market prices. It said this is likely due to the policy changes in the housing market after May 2011. Average winning tenders for recent 99-year GLS condominium sites translate to a breakeven average selling...
The Housing and Development Board (HDB) is launching a residential site at Upper Serangoon Crescent and Upper Serangoon Road for sale by tender. Slated for condominium development, the site - located near Buangkok and Hougang MRT stations - can potentially yield 860 apartment units. HDB said the land parcel has a site area of over 24,600 square metres, with a maximum gross floor area of over 86,000...