It's all about location for property developers who are on the lookout for quality land parcels. Recent land tenders of government land sites close to MRT stations or regional centres have seen bids as high as S$550 million or S$869 per sq ft per plot ratio. Market watchers say competition among developers for such sites will heat up, now that developers are churning out projects at a much faster...
Land Sales
The Housing and Development Board (HDB) has received six bids for the land parcel proposed for executive condominium (EC) housing at Choa Chu Kang Drive. The 49,250 square metre site was launched for sale on January 21 and closed at noon on Tuesday. The highest bid came from Camborne Developments at S$170.1 million, followed by a joint bid of S$159 million by FCL Tampines Court and Keong Hong...
A prime Orchard Road site, situated next to International Building and near Orchard MRT, has been put up for tender. It is zoned for commercial use and has a potential gross floor area of about 16,000 square metres. Notable buildings in the vicinity include Claymore Plaza, Pacific Plaza, Shaw House, Shaw Centre and the Royal Thai Embassy. The successful tenderer will have the choice to develop and...
Property developer Keppel Land has been awarded a residential site tender to build up to 630 dwelling units in Sengkang. These units range between 450 square feet and 2,200 square feet in one-to-four-bedroom configurations, as well as penthouses. Keppel Land had submitted the highest bid for the Condominium housing development at about S$286.8 million. The developer said in a statement today that the...
With demand for housing looking robust, property developers are now on the hunt for the best land sites money can buy. But small and medium-sized developers said they feel sidelined when it comes to bidding for government land plots. They said the larger property players have a much higher chance of winning the most attractive land parcels, because of their stronger bids. Medium-sized property developer...
The Housing and Development Board (HDB) has received nine bids for a residential site at Sengkang Square/Compassvale Road at the close of tender on Tuesday. The highest bid came from Keppel Land Realty at S$286.8 million. This translates to about S$502 per square foot per plot ratio. The next highest bid of S$274.3 million was submitted by joint bidders Sunmaster Holdings, Garden Estates and TID...
The Housing and Development Board (HDB) is launching the tender for sale of a residential land at Pasir Ris Central under the Design, Build and Sell Scheme (DBSS). The tender, which will be launched on March 16, will close at noon on May 31. The 16,388-square-metre site has a maximum allowable gross floor area of over 45,800 square metres. HDB estimates that 460 dwelling units can be built on the site,...
A white site at Jurong Lake District will be released for sale by public tender in two weeks time. The Urban Redevelopment Authority (URA) said the land parcel was made available for sale through the Reserve List System in October 2010. The sale process was triggered when the URA received an application from a developer to put up the land parcel for tender. The unnamed developer has committed to bid at...
A hotel site at Robertson Quay has attracted a total of nine bids from developers at the close of its tender by the Urban Redevelopment Authority (URA). The highest bid of S$127.8 million was jointly handed in by Novel Developments and New Vista Realty. That translates to S$10,098 per square metre. The second highest bid of S$127.1 million came from RB Capital Robertson City, while the third highest bid...
The Housing and Development Board (HDB) has closed the tender for a residential site at Clementi Avenue 4 after receiving 11 bids. "This is the highest number of bids submitted since the Design, Build & Sell Scheme started in 2006," said Nicholas Mak, executive director of the research & consultancy department at SLP International Property Consultants. The highest bid of S$224 million came from...