The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a hotel site located at Race Course Road and Perumal Road on Tuesday. With a land area of 0.38 hectare, the hotel site can generate a maximum permissible gross floor area of about 13,500 square metres with a lease period of 99 years. The hotel site is next to Sri Srinivasa Perumal Temple and is located near the...
Land Sales
The HDB will release another land site meant for executive condominium housing. The site at Upper Serangoon View is being made available for application under the reserve list of the government land sales programme for the first half of this year. Under the Reserve List System, developers who are interested in purchasing the land can submit their application indicating the minimum offer price to...
The Urban Redevelopment Authority (URA) has accepted a joint tender for the Jurong Gateway site at a tender price of nearly S$969 million from CapitaMall Trust, CapitaMalls Asia and CapitaLand. The 99-year leasehold site is likely to be developed into a mixed retail and office space. It has a land area of approximately 18,159 square metres, with a maximum permissible total gross floor area of 88,980...
The Urban Redevelopment Authority has awarded the tender for a residential site at Sembawang Road and Jalan Sendudok to Hao Yuan Investment. The company submitted the highest bid of nearly S$192 million. That translates to about S$4,952 per square metre. The plot has a site area of almost 28,000 square metres, and a maximum gross floor area of almost 39,000 square metres. The tender for the residential...
Hao Yuan Investment has submitted the highest bid of S$191.8 million for a residential site along Sembawang Road and Jalan Sendudok. The Urban Redevelopment Authority (URA) closed the tender for the site, after receiving six bids in total. The 27,600 square metre site, with a 99-year lease, was launched for tender on March 29. CBRE Research said the site seems fairly popular based on the number of bids...
Southeast Asia's largest property developer CapitaLand has submitted the highest bid of S$968.99 million for a vast "white site" property in the Jurong Lake district. The Urban Redevelopment Authority (URA) closed the tender for the site, after receiving five bids in total. The top bid also translates to about S$1,012 per square foot per plot ratio. The next highest bid of S$917 million came from the...
SINGAPORE: The Urban Redevelopment Authority (URA) has launched the tender for an industrial site at Tuas View Square. The land parcel was available for sale through the Reserve List system in November last year. The tender was triggered because URA has received an application from a developer for the site. The developer has committed to bid at a price of not less than S$4.9 million for the land...
A rare development site at 70 Shenton Way has been put up for sale by tender. The commercial property, which belongs to Roxy-Pacific Holdings, is located in the Central Business District and is about three minutes' walk from Tanjong Pagar MRT Station. The property comprises a four-storey podium and a 17-storey office tower with an existing gross floor area of 19,557 square metres or 210,729 square...
The Urban Redevelopment Authority on Thursday awarded a residential site at the junction of Jalan Loyang Besar and Pasir Ris Drive 4 to MCL Land, which submitted the top bid of S$246.1 million at the close of tender on Tuesday. There were only three bids submitted, with observers saying this was because developers were concerned over potential competition from projects at nearby sites, including those at...
A residential site at the junction of Jalan Loyang Besar and Pasir Ris Drive 4 has attracted only three bids at the close of tender. The top bid came from MCL Land at S$246.1 million, with the lowest bid coming from a partnership between FCL Topaz, F.E. Lakeside and China Construction Development at S$220.1 million. Some observers said that there were only a few bids because developers were concerned...