CONSTRUCTION firm Low Keng Huat (Singapore) Limited has put in the highest bid for a residential site with first-storey commercial space at Perumal Road. At a tendered sale price of S$174.08 million, it translates to a very bullish S$1,000.72 per square foot per plot ratio (psf ppr), greatly surpassing some consultants' expectations of bids ranging from S$800 to S$850 psf ppr. This was according to...
Land Sales
BULLISH bids poured in for the first tender closing of 2017. But property consultants can't decide among themselves if it is a sign of market optimism or developers' need for work. Construction company Low Keng Huat beat 10 other competitors with its unexpectedly bullish bid for a residential site along Perumal Road which comes with first-storey commercial space. At a tendered sale price of S$174.08...
The sale by tender of a mixed commercial and residential land parcel in the upcoming Bidadari housing estate has been deferred, it was announced yesterday. The site, which can yield 825 private homes and 15,000 sq m of commercial space, was due to be put on the market this month. It will now go up for tender by the end of the first quarter next year, said the Housing Board (HDB), which added that...
THE Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales (IGLS) Programme for the first half of 2017. There will be 6 sites in the confirmed list and 5 sites in the reserve list, with a total site area of 11.25 hectare (ha). The confirmed list of industrial sites will total 3.27 ha. These include plots in Tuas South Link 3, Tampines North Drive 3, Jalan Lam Huat and...
The government has marginally raised residential supply under the confirmed list of its Government Land Sales (GLS) programme in what is seen as a delicate balancing act of meeting improved buying demand, while managing the downside risks if the economy worsens. The lack of commercial sites on the confirmed list - a list where sites are put up for tender according to schedule - is also providing the...
Ministry of National Development unveiled on Friday five confirmed list sites and ten reserve list sites under the first half 2017 (1H2017) Government Land Sales (GLS) Programme. These sites can yield up to 7,465 private residential units and 158,080 square metres (sqm) gross floor area (GFA) of commercial space. The confirmed list comprises five private residential sites which can yield 2,330...
West Coast Vale, the newly released residential site under the government land sales (GLS) programme may see warm interest from developers on the back of improved sentiment and a lack of available development sites, some property consultants say. There are also others who believe that the slow take-up at nearby Parc Riviera condominium project by EL Development, which was launched last month, may serve...
MCL Land has emerged the top bidder for the residential land parcel at Margaret Drive with a bid price of S$238.39 million, pitting against 13 other bidders. This translates to S$997.85 per square foot per plot ratio (psf ppr) based on the maximum gross floor area of the site, which is big enough for 275 homes. The 99-year leasehold site is nestled within an established residential enclave near the...
MALAYSIAN plantation and real-estate tycoon Lee Shin Cheng has surprised the market with a bullish top bid of nearly S$2.57 billion or S$1,689 per square foot per plot ratio (psf ppr) for a white site in Central Boulevard. The bid from IOI Properties Group is the highest in absolute dollar quantum as well as by psf ppr for a Government Land Sale (GLS) site in Singapore. The tender drew seven bids. IOI's...
A 99-year leasehold white site with a mandatory office component along Central Boulevard in Singapore has attracted seven bids. The highest bid of S$2.57 billion, which works out to S$1,689 per square foot per plot ratio (psf ppr) was made by IOI Properties Group Bhd of Malaysia. This is the highest bid ever in absolute dollar quantum as well as psf ppr for a Government Land Sale site in...