Shaw Brothers Limited has sold the former Singapura Theatre site at No 55 Changi Road to a consortium for $44.9 million. The consortium includes Roxy-Pacific Holdings and Macly Capital. This works out to $768 per square foot of potential gross floor area for the freehold property. No development charge (DC) is payable for the 19,497 sq ft site, which is zoned for commercial use with a 3.0 plot ratio under...
Land Sales
The Housing and Development Board (HDB) has awarded the land parcel at Woodgrove Avenue to Tampines Court, a unit of Far East Organization, for S$105.12 million. The developer has submitted the highest of the six bids received at the close of the tender on November 4. The land parcel, which is meant for strata landed or condominium development, has a site area of over 20,900 square metres and a maximum...
The Housing and Development Board (HDB) has received four bids for the land parcel at Upper Serangoon View at the close of the tender on Tuesday. The site has an area of 13,000 square metres. The highest bid came from joint bidders FCL Topaz, Far East Civil Engineering and Sekisui House. They submitted a bid of S$156.8 million. That translates to about S$3,446 per square metre per gross floor area for...
The gap between the top developer's bid and next highest bid for residential sites and sites with residential components has started to narrow as the impact of the property cooling measures kicks in. Developers looking to build homes are no longer bidding with wild abandon at Government Land Sale (GLS) tenders as caution sets in. The gap peaked in August and early September before declining in recent...
Far East Organization has lodged the top offer in a six-way bidding battle for a Woodlands site. The firm tendered $105.1 million or $333 per sq ft (psf) per plot ratio for the 99-year leasehold plot at the junction of Woodlands Avenue 1 and Rosewood Drive. EL Development is the next highest on $100.9 million. BS Capital, Sim Lian Land, TID Residential and Ecco Development, with the lowest bid of $73...
he Housing and Development Board (HDB) has received six bids for the land parcel at Bedok Reservoir Crescent at the close of the tender on Tuesday. The site is for public housing development under the Design, Build & Sell Scheme (DBSS). The highest bid came from CEL Development, which submitted a bid of S$112.69 million. Kwan Hwee Investment placed the second highest bid of S$109.89 million, while...
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the hotel site at Gopeng Street/Peck Seah Street for sale via public tender. The land parcel was made available for sale through the Reserve List system on 21 February 2008. URA said the developer has committed to bid at a price of not less than S$94.05 million in the tender for the land parcel. As the minimum...
The Urban Redevelopment Authority (URA) has launched a "white site" for sale at Boon Lay Way. This is the second site to be made available for sale in the Jurong Lake district. The site is made available on the Reserve List under the Government Land Sales Programme for the second half of 2010. URA said developers interested in buying the site can now apply for it to be put up for tender. Successful...
JTC said it launched the site at the junction of Old Toh Tuck Road and Toh Tuck Avenue for sale by public tender on Friday. The 1.01 hectare site has a lease of 30 years. It is on the confirmed list of the so-called Industrial Government Land Sales (IGLS) programme. Zoned "Industrial Business 2," the site has a plot ratio of 1.6 and will be developed for use by logistics businesses. JTC said interested...
There are no signs of cooling in the private property market as some 150 developers bid aggressively for the 14 land parcels at Sembawang Greenvale. This is the last phase of the sale at the Sembawang estate. The first two phases - Phase 1 and Phase 2 of Sembawang Greenvale - were sold in October 2007 and April 2008. This is the first time since April 2008 that the Urban Redevelopment Authority is...