The Urban Redevelopment Authority (URA) has received 11 bids for the sale of a site at Seletar Road at the close of the tender on Tuesday. The land parcel, which has a site area of over 17,400 square metres, is designated for residential housing. The maximum permissible gross floor area is about 24,400 square metres. The highest bid of S$123 million came from Asplenium Land. That translates to about...
Land Sales
Developers Sim Lian Land and Sim Lian Development have topped a tender for a 99-year-lease residential site at Punggol Central and Punggol Walk. The Urban Redevelopment Authority (URA) closed on Tuesday, the tender for the site, after receiving a total of seven bids.Sim Lian's bid translates to about S$406 per square foot. The next highest bid of S$361.7 million dollars came from Qingdao...
The Housing Development Board (HDB) has received two bids for the sale of a site at Upper Serangoon Road. The 20,000 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched in October and the tender closed at 12 noon on Tuesday. Kwan Hwee Investment made the top bid at S$155 million which amounts to about S$2,217 per square metre. Meanwhile,...
HDB is launching a tender for a mixed commercial and residential sale site in Punggol Town Centre on Tuesday. It said the site can potentially yield 50,400 square metres of gross commercial space and 685 housing units. The site, occupying 3 hectares, is being released for tender under the Confirmed List Government Land Sales (GLS) Programme for the second half of this year. HDB said this development...
Developers looking at prime Marina Bay land might have to wait until at least 2013. That is when the Government is expected to start releasing 11 parcels of land in step with the completion of infrastructure works in the area. These projects include the Downtown rail line and the Marina Coastal expressway, which will be completed in phases in the next few years, said the Ministry of National Development...
The Urban Redevelopment Authority (URA) has released detailed sales conditions for a mixed commercial-and-residential site at Jelebu Road and Petir Road. Located within Bukit Panjang Town Centre, this land parcel is made available for sale on the Reserve List under the second half of the 2010 Government Land Sales Programme. Developers interested in purchasing the site can now apply to URA for it to be...
Land prices stabilising as they have reached their peak: Analysts The time is ripe for real estate developers to build up their land banks as land prices are stabilising, according to analysts. According to Nomura's latest Singapore property report, the recent tender for the 13,000-sq-m Upper Serangoon View site attracted "very tight" bids. The top bid, put in jointly by Frasers Centrepoint, Far East...
After Aug 30 moves to curb demand, Govt now focusing on increasing supply: Analysts The Government is releasing more land for private residential development in a move that analysts say is targeted at containing froth in the property market. The Ministry of National Development yesterday announced it would place 17 sites on the so-called "Confirmed List" of the Government Land Sales (GLS) programme in...
Enough land to generate 14,300 private residential units has been released in Singapore under the government land sales programme for the first half of 2011. This came as the Monetary Authority of Singapore (MAS) said that more measures may be taken, if necessary, to cool real-estate prices. Analysts said the Singapore government's move is aimed at preserving sanity in the property market by boosting...
The government is releasing more commercial land on the Confirmed List to meet demand for office space. One of the commercial sites is at Robinson Road, which would cater to demand in the CBD. The other site is at Paya Lebar Road, which the government hopes will facilitate the early development of Paya Lebar Central into an attractive commercial hub to complement the CBD. In addition, a commercial site...