Developer Qing Dao Construction has put in a top bid of S$113.7 million for a residential land parcel in Upper Serangoon. That works out to about S$607 per square foot. Consultants Colliers International said this is also the second highest price recorded for a 99-year leasehold land parcel sold by the government for non-landed housing in the city fringe area. The tender by the Urban Redevelopment...
Land Sales
JTC Corp has launched the North Buona Vista Drive for sale by public tender. The 1.8 hectare, 99-year leasehold site is located at the junction of North Buona Vista Road and Commonwealth Avenue West. It has a potential yield of about 112,000 square metres, with 2,000 square metres set aside for retail use. A developer has since committed to bid at least S$320 million for the land parcel in the public...
JTC Corporation has awarded the tender for the Industrial Government Land Sales site at Tampines Industrial Avenue 4 to Soon Hock Tuas Development. The company submitted the highest bid of about S$33 million. All in, JTC Corp received 10 bids. The industrial site, located within Tampines Wafer Fab park, spans an area of 5 hectares. It has a gross plot ratio of 0.64 to 0.8 which will yield a total Gross...
The Urban Redevelopment Authority (URA) has released details on the sales conditions for the Reserve List site at Pioneer Road North and Soon Lee Street. The plot of land, which is meant for industrial development, will have a site area of about 1.4 hectares. It has a gross plot ratio of 2.0 and a 30-year-lease period. The site is also situated near to Pioneer MRT station. Under the Reserve List...
Developers Maxdin and Lee Carriers have put in the top bid of S$176 million for a land parcel at Sengkang East Avenue and Buangkok Drive. The next highest bid of $160.12 million came from Hoi Hup Realty and Sunway Developments. Frasers Centrepoint's bid of $158.18 million came in third, while Sim Lian Land handed in the lowest bid of $115.84 million. All in, the Housing and Development Board (HDB)...
The government is ramping up the supply of sites for private housing in the second half of the year to meet strong demand. All in, the second half of the Government Land Sales (GLS) programme will have 27 residential sites and four mixed-use sites where private housing can be built. 21 are new sites and 10 sites will be carried over from the first half. Overall, the 31 sites in the second half of the...
The government is ramping up the supply of sites for private housing in the second half of the year to meet strong demand. All in, the second half of the Government Land Sales (GLS) programme will have 27 residential sites and four mixed-use sites where private housing can be built. 21 are new sites and 10 sites will be carried over from the first half. Overall, the 31 sites in the second half of the...
The Hougang Avenue 2 residential site has attracted the highest bid of S$207.5 million from MCL Land at the closing of its public tender by the Urban Redevelopment Authority. The bid works out to S$456 per square foot per plot ratio. This is 9.6 per cent higher than the second highest bid of S$189.3 million submitted by Frasers Centrepoint. The site has attracted a total of seven bids, with the...
A commercial site within the biomedical hub of one-north will be put up for sale by public tender. JTC Corp Thursday announced an application from a developer for the 1.8-hectares plot of land located at North Buona Vista. The developer, which was not named, has committed to bid at a price of not less than S$320 million. The 99-year lease site was placed on the government's Reserve List system since...
Minister for National Development Mah Bow Tan maintains that the reserve bid prices for state lands available for sale will have to remain undisclosed so as to allow the determination of fair market value for the site. "If we were to reveal the reserve price for sale sites, then it may influence or distort the developers' independent assessment of land prices and their bids, or deter some developers from...