Property developers' strong appetite for land banks are showing little signs of letting up, if the latest tender results announced by the Urban Redevelopment Authority (URA) for the Simei Street 3 site is anything to go by. The 99-year leasehold residential site had been hotly contested, receiving a total of 18 bids - the highest so far this year. That represents "an all-time high level of interest not...
Land Sales
The Urban Redevelopment Authority (URA) has launched three land parcels at Bukit Batok West Avenue 5 and Senoko Drive for sale by auction. The sites are being released to help meet the heavy vehicle parking needs of transport operators and fleet owners. The Bukit Batok land parcel has an area of 15,592 square metres, while the two parcels at Senoko Drive are about 10,000 square metres each. Registered...
The tender by the Housing and Development Board (HDB) for the land site at Tampines Road has attracted a whopping total of 16 bids from property developers. This is higher than the 14 bids attracted from developers for the land site at Boon Lay Way and Lakeside Drive when its tender closed on Tuesday. Fragrance Properties submitted the highest bid of $16.25 million for the 99-year lease land parcel which...
The Housing & Development Board (HDB) is launching two residential sites for sale by public tender. The sites in Punggol and Yishun will yield some 1,215 units. The Reserve List sites were successfully triggered for public tender two weeks ago. The Punggol site is designated for Executive Condominium housing development, while the site in Yishun is for condominium housing. These sites are just two...
The tender for the land parcel at Boon Lay Way and Lakeside Drive has attracted the highest bid for a residential site this year. Keppel Land Mayfair, a subsidiary of Mainboard-listed Keppel Land, has submitted the highest bid of $302.98 million for the 1.6-hectare site which can potentially yield 525 units. This was a tad higher than the $302-million bid from Sim Lian Land for the tender of a 3.2ha land...
The tender for a residential site at Boon Lay Way and Lakeside Drive has attracted the highest bid of about S$303 million from Keppel Land. The bid by Keppel Land Mayfair works out to about $483 per square foot per plot ratio. At the close of the tender, the Urban Redevelopment Authority (URA) says that a total of 14 bids were received for the site. The next highest bid came from MCC Land at S$263...
The red-hot property market has prompted the sale of two prime freehold commercial buildings. One is a four-storey building at 23 and 25 Kampong Bahru Road, opposite the Singapore General Hospital. The price is $16 million, or $1,421 per square foot of gross floor area. The site area is about 3,402 sq ft, with a total strata area of some 11,259 sq ft. The boutique building has been set aside for...
The Housing and Development Board (HDB) will make available a State land parcel in Pasir Ris under the Reserve List of the GLS Programme from today. The 99-year leasehold site is located at the junction of Pasir Ris Drive 3 and Pasir Ris Drive 4. HDB said some 380 residential units can be built on the site designated for condominium housing. Under the Reserve List System, developers who are interested in...
Urban Redevelopment Authority (URA) closed the tender for the residential site at Upper Changi Road North and Flora Drive Tuesday. A total of six bids were submitted for the site and the top bid came from Tripartite Developers at S$148.3 million. This is a joint venture company formed by Hong Leong Holdings, City Developments and Trade and Industrial Development. Tripartite's bid is 81 per cent higher...
The Housing & Development Board (HDB) will make available a state land parcel in Pasir Ris for application under the Reserve List of the Government Land Sales (GLS) Programme from Wednesday. The site is located at the junction of Pasir Ris Drive 3 and Pasir Ris Drive 4. The 20,000 square metre, 99-year leasehold site is designated for condominium housing. HDB said some 380 residential units can be...