With concerns mounting that there will be an oversupply in the private home market, property developers will be increasingly selective about the sites for sale under the Government Land Sales programme in the second half of this year, analysts said. They are likely to bid for the sites with the most attractive locations, such as those near MRT stations. Among these, the sites on Alexandra Road and Bishan...
Land Sales
Property developers may be less aggressive in their bids for government land in the second half of this year. This is according to analysts, who have said that most developers will be more selective in their choices as well. Developers may only have eyes for sites which are the most profitable in the government land sales programme, such as those at Alexandra Road and Bishan Street 14, which analysts said...
The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at Woodlands Avenue 2/Rosewood Drive to joint bidders Fragrance Group and Aspial Corporation. The consortium submitted the highest bid of about S$151.5 million, which translates to around S$3,952 per square metre. The plot has a site area of 27,380 square metres, and a maximum gross floor area of about 38,330 square...
The Ministry of National Development (MND) said it will inject about 43 sites into the government land sales programme (GLS) for the second half of this year. Out of the 43 sites, 19 sites will be on the confirmed list, while 24 sites will be on the reserve list. To address the strong demand from home buyers and developers, MND said 17 out of the 19 sites on the confirmed list will be for residential...
The historical beachside villa of the late Choa Kim Keat has been sold to Far East Organization for S$103.8 million. In a statement, marketing agent Credo Real Estate said the deal was undertaken by Orchard Mall, a member of the Far East Organization. The single-storey conservation house built in 1898 was put up for sale last month and received five submissions during the tender exercise which closed...
The Urban Redevelopment Authority (URA) has received three bids for a 99-year residential land site at Woodlands Avenue 2 and Rosewood Drive. The highest bid of S$151.5 million came from a consortium of Fragrance Group and Aspial Corporation. It works out to about S$3,950 per square metre. The next highest bidder was a consortium of Far East Civil Engineering and Sekisui House, which submitted a bid of...
A total of four bids, according to provisional results, were received by the Housing & Development Board (HDB) in the tender for a land parcel at the junction of Buangkok Drive and Sengkang East Drive. The site, which has a gross floor area of over 58,000 square metres, is planned for condominium housing development. The top bid came from Qingdao Construction at S$247 million, or S$391 per square...
The Urban Redevelopment Authority (URA) released two commercial sites under the Reserve List of the Government Land Sales Programme yesterday. The first - a 2.07 hectare 99-year leasehold site at the junction of Sims Avenue and Tanjong Katong Road - can yield about 87,000 sq m of gross floor area and is slated to be a mixed-use development comprising office, hotel and retail uses. The URA said at least...
As home prices continue to climb despite four rounds of cooling measures, the Government is releasing more land to meet demand. The Housing and Development Board (HDB) will release an Executive Condominium site at Upper Serangoon View today under the Reserve List of the Government Land Sales (GLS) Programme for the first half of this year. The site can yield some 420 housing units. Developers can submit...
The Housing and Development Board (HDB) has received nine bids for the sale of a site at Pasir Ris Central/Pasir Ris Drive 1. The 16,300 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched on March 16 and the tender closed at noon on Tuesday. The top bid of about S$123.88 million came from Singxpress Land and Kay Lim Holdings. It works out...