The Housing & Development Board (HDB) has awarded the tender for the land parcel at Tampines Avenue 8 to joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings. They submitted the highest tender for the site at S$187.6 million out of a total of 6 bids received. That translates to about S$302 per square foot per plot ratio. The land parcel has a site area of more than 20,000 square...
Land Sales
The National Development Ministry (MND) announced it would place 17 sites on the Confirmed List of the Government Land Sales (GLS) programme for the first half of next year. It said this would ensure a strong supply of private housing to meet demand. These sites can yield about 8,100 residential units. In addition, the Reserve List will have 13 sites, which can together yield about 6,200 residential...
The Housing and Development Board (HDB) has closed the tender for a residential site at Tampines Avenue 8 after receiving six bids. The highest bid of S$187.6 million came from joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings. That translates to about S$292 dollars per square foot per plot ratio. The land parcel has a site area of more than 20 thousand square metres and a maximum...
The Urban Redevelopment Authority (URA) has received six valid bids for the white site at Peck Seah Street/Choon Guan Street at the close of the tender on Tuesday. The site has an area of about 15,000 square metres and a maximum gross floor area of over 157,000 square metres. The white site allows developers to have the flexibility to develop the site for commercial, hotel or residential development, or...
Two iconic Bukit Timah properties, Serene House and Serene Centre, will be put up for sale today, according to marketing agent Colliers International. Serene House, at Jalan Serene, is a four-storey block comprising 24 walk-up apartment units. The 39,828 sq ft freehold site is zoned for residential development and has a gross plot ratio of 1.4. The successful buyer has the option to combine the...
A hotel site in Tanjong Pagar was released for sale on Monday via a public tender. The Urban Redevelopment Authority (URA) said the Gopeng Street/Peck Seah Street site was made available for sale through the so-called Reserve List system in February 2008. The sale process was triggered earlier this month when URA received an application from a developer to put up the land parcel for tender. The unnamed...
Fragrance Properties, the property development unit of Fragrance Group, is acquiring a site at Upper Paya Lebar Road for S$28 million. Known as MK23 Lot 03331T, the site currently houses a block of old apartments. The freehold site is zoned for residential development. It has a total land area of 3,173.6 square metres and has a maximum gross plot ratio of 1.4. The land can yield a maximum permissable...
The Housing & Development Board (HDB) is launching the land at Yuan Ching Road for sale by public tender under the Design, Build and Sell Scheme (DBSS) on Tuesday. The tender will close at noon on January 5 next year. The site is located near the Jurong Lake district, which will be developed into a unique lakeside destination for business and leisure. It is also near Jurong Point, IMM, Taman Jurong...
The Housing and Development Board (HDB) has awarded the land parcel at Upper Serangoon View to joint bidders FCL Topaz, Far East Civil Engineering and Sekisui House for S$156.8 million. Their bid was the highest of the four bids received at the close of the tender on November 9. The land parcel, which is meant for condominium housing development, has a site area of 13,000 square metres and a maximum...
The headline of a news report for a recent tender for private housing development screamed "Serangoon site draws just 4 bids". Another said the top two bids were just 2.6 per cent apart. It was alluding to the fact that the margins between the top bids before the Aug 30 cooling measures were mainly in the double digits, peaking at 31 per cent for a condominium plot in Yishun in August. They are now in the...