The Housing and Development Board has awarded the residential land parcel at Choa Chu Kang Drive to Camborne Developments. The developer had submitted the highest tender price of S$170.1 million out of the six bids for the site that is proposed for executive condominium (EC) housing. The 17,590 square metre site was launched for sale on January 21 and closed on March 22. The 99-year leasehold site has a...
Land Sales
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ang Mo Kio Street 62 to Sim Lian Development. The developer submitted the highest bid of about S$128.1 million out of 13 bids received by URA for the 27,950 square metre land parcel. The industrial site was offered for sale on a 60-year lease term, with a maximum permissible gross plot ratio is 2.5. The land is...
Property developers Intrepid Investments, Sunmaster Holdings and TID Residential have jointly submitted the highest bid of S$413.3 million for a residential site at Bartley Road/Lorong How Sun. The Urban Redevelopment Authority (URA) received a total of eight bids at the close of the tender on Wednesday. The second highest bid of S$410 million came from Sherwood Development. The 22,094 square metre...
A second land parcel in Jurong Lake District was launched for sale by public tender on Wednesday. The Urban Redevelopment Authority (URA) said the land parcel located at Jurong Gateway Road was made available for sale through the Reserve List System in October 2010. An unnamed developer has committed to bid at a price of not less than S$510 million for the land parcel, triggering the sale...
The Urban Redevelopment Authority has launched two residential sites for sale by public tender under the Government Land Sales programme. The sites at Jalan Loyang Besar/Pasir Ris Drive 4 and Sembawang Road/Jalan Sendudok can potentially yield a total of 970 housing units combined. The 2.7-hectare land parcel at Jalan Loyang Besar/Pasir Ris Drive 4 has a maximum permissible gross land area of over 56,600...
The Housing and Development Board (HDB) is launching the tender for a residential site at Buangkok Drive/Sengkang East Drive on Wednesday. The site, which is slated for condominium development, can potentially yield 550 dwelling units. It is being released for tender under the Confirmed List of the 1st Half 2011 Government Land Sales Programme. Located to the east of Sengkang New Town, residents there...
JTC Corporation has launched the site at Fusionopolis Link, for Fusionopolis Phase 3, for sale by public tender. The 6,253 square metre site has a 60-year lease and is on the Confirmed List of the Industrial Government Land Sales programme. With a plot ratio of 4.0, the zoned business park has set aside 40 per cent of its space for offices. JTC said Fusionopolis is the key development at one-north that...
Despite Government cooling measures, there has been respectable take-up and optimistic land bidding Whenever the Government imposes measures to cool the residential property market, there would be knee-jerk reactions resulting in potential buyers hesitating and adopting a wait-and-see attitude. This behaviour was obvious after the Aug 30 measures were announced but the short-lived patience of buyers...
There were two good property reads this week. One was a perceptive commentary which had "ghost towns" in its headline but it was not images of vacant HDB flats that came to my mind. But more of that later as I first need to lay the foundation for that story with the other, which should then lead us nicely to my comment on ghost towns. The focus of this other news analysis was on the winning margins of...
The Urban Redevelopment Authority (URA) on Thursday released the detailed sales conditions for an industrial site located at Woodlands Avenue 12. It has a site area of about 1.9 hectares and a maximum permissible gross plot ratio of 2.5 with a lease period of 60 years. Zoned for Business 1 development, the site can be developed for various uses such as light industry, clean industry, utilities, or...