The Urban Redevelopment Authority (URA) has awarded the tender for an industrial site at Woodlands Avenue 12 to Boon Keng Development Pte Ltd. URA said the company submitted the highest bid in the tender for the site. The tender was launched on 25 March 2010 and closed on 21 April 2010. The land parcel was offered for sale on a 60-year lease. Source : Channel NewsAsia – 27 Apr...
Land Sales
Property consultancy Jones Lang LaSalle has launched the tender sale of five adjoining shophouses along Upper Bukit Timah Road. The asking price is between S$9.5 million and S$10 million for the group of properties located near Bukit Panjang Plaza, the future Ten Mile Junction development and The Rail Mall. The price translates to S$408 to S$426 per square foot per plot ratio. The tenanted, freehold...
The Urban Redevelopment Authority (URA) has launched the first sale site from the upcoming Jurong Lake District. It launched the sale by public tender after a developer committed to bid at least S$350 million for the land parcel. The site located at Jurong Gateway Road was made available for sale via the government's reserve list system since November 2008. The 99-year-leasehold site has a maximum...
BOON Keng Development made the top bid of $65.2 million for an industrial site at Woodlands Avenue 12 in a government tender which closed yesterday. Boon Keng's bid, which works out to $75 per square foot per plot ratio (psf ppr), is 29 per cent higher than the second highest bid of $50.6 million ($58 psf ppr) submitted by TGFB Pte Ltd and more than twice the application bid which triggered the tender....
The Urban Redevelopment Authority (URA) is launching a closely-watched commercial site at Stamford Road and North Bridge Road for sale by public tender. The URA is launching the sale after a developer committed to bid at least S$100 million dollars for the 99-year-leasehold site, which was placed on the Reserve List system. URA says the land parcel, which is 1.43 hectares in size, is slated for...
Boon Keng Development has submitted the highest bid of S$65.2 million for an industrial site at Woodlands Avenue 12. The price translates to about S$75 per square foot per plot ratio. The top bid is some 29 per cent higher than the second highest offer of S$50.6 million from Affluence Resource. Whye Wah Group put in the lowest bid of S$31 million. All in, the Urban Redevelopment Authority (URA)...
THE roll-out of land in response to high demand for homes has continued, with the Government launching public tenders for two more sites yesterday. Both residential development sites - in Hougang Avenue 2 and Upper Serangoon Road - are 99-year leasehold plots. The Upper Serangoon site, in Pheng Geck Avenue, is on the Government's confirmed list. These sites are scheduled for tender without developers...
Bids seen coming in at up to $560 psf ppr and $350 psf ppr respectively TWO more 99-year leasehold residential plots were launched for sale by the government yesterday - one at Upper Serangoon Road from the confirmed list and the other at Hougang Avenue 2 from the reserve list. The Hougang Avenue 2 site was triggered by a developer who agreed to bid at least $109.9 million for it, which works out to $241...
Property developer Soilbuild Group has been awarded the tender for an industrial site at Yishun Avenue 6 with a bid of some S$29.3 million. The 153,485-square foot site has a maximum gross floor area of nearly 384,000 square feet. The 60-year leasehold site can be used for clean and light industries and warehouses. Soilbuild estimates the total development cost including land at about S$75 million to...
SOILBUILD Group Holdings submitted the highest bid for an industrial site at Yishun Avenue 6 in a government tender, the Urban Redevelopment Authority (URA) said yesterday. There were five bids for the 1.43 hectare plot, which was offered for sale on a 60-year lease. Soilbuild's $29.29 million bid, which works out to $76 per square foot per plot ratio (psf ppr), was 4 per cent higher than the second...