Many had expected strong interest and a good fight for a prime private housing site in Bishan when the tender closed last week. Nevertheless, the result still surprised many or should I say "shocked" them - and in more ways than one - when it was announced late on Thursday. The first surprise was the highest bid submitted: S$550 million or S$869 per sq ft per plot ratio (psf ppr) for the 129,136 sq ft...
Land Sales
The Urban Redevelopment Authority (URA) has received eight bids at the close of tender on Thursday for the sale of a land parcel at Bedok Reservoir Road. The 46,000 square metre site was launched in mid-January and is designated for residential development. The top bidder for the site is United Venture Development with a S$320 million bid for the site. That translates to about S$5,010 per square...
A commercial and residential site at Hillview Avenue has been put up for public tender by the Urban Redevelopment Authority. The land parcel is on the confirmed list under the government land sales programme for the first half of 2011. The site has an area of about 1.4 hectares, and has a maximum permissible gross floor area of 40,000 square metres. This could potentially yield about 370 housing...
The Urban Redevelopment Authority (URA) has released on Friday the detailed sales conditions for an industrial site located at Pioneer Road North. It has a site area of about 1.7 hectares and a maximum permissible gross plot ratio of 2.0 with a lease period of 30 years. Zoned for Business 2 development, the site can be developed for various uses such as light industry, general industry, warehousing,...
A 99-year leasehold land site for condominium housing in Bishan attracted a record 19 bids at the close of its tender by the Housing and Development Board yesterday - the highest number of bids in 12 years. This is one bid higher than the Simei Street 3 tender in May last year. That site has since been developed into the My Manhattan by CEL Development. The highest bid for the Bishan site came from...
The Housing and Development Board (HDB) has received a total of 19 bids for the residential land parcel at Bishan Street 14 at the close of its tender on Thursday. Bishan Residential Development submitted the highest bid of S$550.1 million for the site. The 11,997 square metre land parcel is meant for condominium housing development and is being offered for sale on a 99-year lease. It has a maximum...
The Housing & Development Board (HDB) will on Wednesday launch two sites at Bendemeer Road/Whampoa East and Tampines Central 7 for sale. The sites are under the confirmed list of the first half 2011 Government Land Sales (GLS) Programme. The condominium site at Bendemeer Road/ Whampoa East has a 99-year lease and can accommodate 780 units. It is within walking distance of the Boon Keng MRT station...
Joint tenderers Emerald Star and FC Retail Trustee have submitted the highest bid of S$1.021 billion for a mixed commercial and residential site at Punggol Central/Punggol Walk. The Housing and Development Board (HDB) received a total of seven bids at the close of its tender on Tuesday. The 29,999 square metre site is being offered for sale on a 99-year lease. It has a maximum gross floor area of...
The Urban Redevelopment Authority (URA) on Thursday launched the tender for a residential site at Bartley Road and Lorong How Sun. The land parcel was made available for sale through the Reserve List system in November 2009. The tender was triggered because URA had received an application from a developer for the site. The developer has committed to bid at a price of not less than S$191.7 million for...
The Urban Redevelopment Authority (URA) on Thursday launched the tender for the first land parcel in Paya Lebar Central. Located at the fringe of the city centre, Paya Lebar Central is slated to become a bustling commercial centre, with a mix of office, retail, hotel and attractive public spaces. The precinct has about 12 hectares of land available for development in total and a potential commercial...