FAR East Organization and Orchard Parade Holdings will buy Pastoral View (through an enbloc sale) and the next door plot being sold by OCBC for $122 million. This works out to about $847 per square foot per plot ratio (psf ppr) inclusive of a marginal development charge (DC). Both freehold sites have a combined land area of 51,395 sq ft and can be redeveloped into a new condo with about 140 units...
Land Sales
Top offer for Jalan Eunos site is 26.5% more than next highest DEVELOPERS' mixed reading of the impact of the new property market cooling rules was apparent at a state tender yesterday. Far East Organization's top bid of $414.57 per square foot per plot ratio (psf ppr) for a 99-year leasehold private residential site at Jalan Eunos was 26.5% more than the next highest $327.76 psf ppr from GuocoLand. The...
HDB yesterday released two residential sites - one for an executive condominium (EC) at Pasir Ris and the other for private housing at Sengkang. The EC parcel, which is at the junction of Pasir Ris Drive 1 and Elias Road, can yield 320 flats. It is being launched under the government's Confirmed List. The Sengkang plot is available for application for sale under the Reserve List of the government's land...
The Urban Redevelopment Authority (URA) has received five bids for a residential site at Jalan Eunos at the close of its tender on Tuesday. The land parcel was offered for sale on a 99-year lease on July 20. The site has a land area of 41,261 square metres and a maximum gross floor area of 57,766 square metres. The highest bid submitted for land parcel came from a joint bid by Tuas Technology Park and...
The Housing and Development Board (HDB) has awarded the tender of a site at New Upper Changi Road/Bedok North Drive to joint bidders Brilliance Residential and Brilliance Trustee. The companies submitted the highest bid of S$788.9 million for the site, which is meant for mixed commercial and residential development integrated with a bus interchange. The site has a land area of 24,902 square metres and a...
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Clemenceau Avenue/Havelock Road to RB Capital Hotels. The company submitted the highest bid of S$101.1 million for the site. This translates to S$8,751 per square metre per plot ratio. The site had attracted a total of 13 bids, with the remaining bids ranging from some S$50.1 million to S$96 million. The tender for the...
The Housing & Development Board (HDB) has awarded the tender for the residential site at Miltonia Close to Hoi Hup Realty and Sunway Developments. The joint bidders submitted the highest tender of S$165 million for the Yishun site. The HDB received a total of seven bids. The land parcel is 27,000 square metres. It has been slated for either strata landed housing or a condominium development. The...
A Housing and Development Board (HDB) site at New Upper Changi Road/Bedok North Drive has attracted 9 bids at the close of its tender on Wednesday. The highest bid for the mixed commercial and residential site came from a joint bid by two companies - Brilliance Residential and Brilliance Trustee - for S$788.8 million. That translates to about S$9,051 per square metre per gross floor area. The next...
One day after unveiling cooling measures, the Government has put 3,032 new flats up for sale - the largest supply of public housing in a single launch to date - and released five residential sites for private homes. The five 99-year leasehold plots is expected to yield a total of 2,045 units. Yesterday, the Government announced that under the Build-To-Order (BTO) system, 1,408 new flats will be offered...
The Urban Redevelopment Authority has received 13 bids for the hotel site at Clemenceau Avenue/Havelock Road at the close of the tender on Tuesday. RB Capital Hotels submitted the top bid at S$101 million. This translates to S$8,751 per square metre per plot ratio (psm ppr). The second highest bid of S$96 million came from Tampines Court, a unit of Golden Development. The bid works out to S$8,308 psm...