The Urban Redevelopment Authority (URA) launched the second land parcel in Paya Lebar Central for sale by public tender today. Located at the fringe of the city centre, Paya Lebar Central is envisaged to be a bustling commercial centre, with a mix of office, retail, hotel developments and attractive public spaces. The precinct has in total about 12 hectares of land which can potentially yield 500,000 sqm...
Land Sales
The Urban Redevelopment Authority has awarded the tender for the industrial site at Pioneer Road North and Soon Lee Street to KNG Properties. The company has submitted the highest bid of over S$64.4 million. That translates to about S$1,890 per square foot per plot ratio. The tender for the industrial site was launched on June 16, and closed on July 13. The land parcel was offered for sale on a 30-year...
The Urban Redevelopment Authority (URA) has closed the tender for an industrial site at Pioneer Road North and Soon Lee Street with seven bids received. KNG Properties submitted the highest bid of S$64.5 million or around S$176 psf/plot ratio. The next highest bid came from NSS Development, which bid nearly S$60 million. The site was launched for public tender on June 16 on a 30-year lease. The land...
The Housing and Development Board (HDB) has confirmed that a Design Build and Sell Scheme (DBSS) land sales tender at Sengkang will be withdrawn. The tender was originally scheduled to close on July 20. The Ministry of National Development said the withdrawal is part of its overall review of housing policies. It also said that no new DBSS site will be released for sale until the review is...
A tender for a land site to build a Executive Condominium (EC) at the junction of Punggol Way and Punggol Field has received only three bids. This is according to provisional results released by the Housing and Development Board. The highest bid was at S$219.47 million, from FCL Tampines Court and Keong Hong Construction. This works out to S$270 per square foot per plot ratio for the site. According to...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Tuas View Square to SCB Terraform Pte Ltd. SCB Terraform submitted the highest bid of S$7.33 million for the site. That translates to S$1,882.06 per square metre of gross plot ratio. The site was launched for public tender on May 24 on a 45-year lease and closed on June 29. The 4,352.5-square metre site has a...
The Urban Redevelopment Authority (URA) has closed the tender for the residential site at Choa Chu Kang Road/Phoenix Road after receiving five bids in total. Joint bidders Far East Civil Engineering and China Construction Development submitted the highest bid of S$142.78 million, which translates to about S$411 per square foot per plot ratio. The next highest bid came from EL Development at S$122...
The Ministry of Trade and Industry launched Thursday its Industrial Government Land Sales Programme for the second half of 2011. To continue to meet the demand for industrial land, MTI said there will be three sites in the Confirmed List and six sites in the Reserve List, with a total site area of 15.99 hectares. The three Confirmed List sites are at Soon Lee Street, Lavender Street and Kallang Avenue,...
The Housing and Development Board (HDB) will launch the tender for a residential site at Punggol Field Walk on Wednesday. Slated for condominium development, the site can potentially yield 550 dwelling units. It's being released for tender under the Confirmed List of the First Half 2011 Government Land Sales Programme. Located near Sungei Serangoon, residents will enjoy convenient access within Punggol...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at West Coast Link/West Coast Crescent to Boo Han Holdings. The developer submitted the highest bid for the land parcel at nearly S$175.8 million, which works out to about S$4,958 per square metre of gross floor area. A total of 12 bids were received for the site, starting from a low of about S$127.1 million from CEL...