FOUR plum residential sites which will yield almost 2,000 new homes are being released for tender by the Government in a move to ramp up supply in Singapore's hot property market. They include Punggol's first executive condominium (EC) site, to boast 615 homes, which will be released for tender early next month as a developer has already made a minimum bid of $147.7 million. In stark contrast, when a...
Land Sales
More new housing units will be added to the market to give buyers more choices. The Housing and Development Board (HDB) will put on sale on Wednesday two residential sites in Sembawang and Sengkang. It also put two other sites in Punggol and Yishun on the reserve list for public tender early next month. They are expected to yield about 1,970 dwelling units. About 60 per cent or about 1,215 are Executive...
The government launched eight residential sites - which can yield an estimated 3,340 private and executive condominium homes - in Q1 2010, as developers clamoured for plots to replenish shrinking landbanks and buyers continued to snap up new homes. Five of the sites - on which some 2,175 housing units can be built - have been sold to date. The tenders for the remaining three sites will close in the next...
Unnamed developer commits to bid at least $350m for 1.9 ha parcel THE government will launch a 99-year leasehold mixed-use site at Jurong Lake District in two weeks - the first plot put up for sale there since the masterplan for the area was unveiled two years ago. The Urban Redevelopment Authority said yesterday that an unnamed developer has committed to bid at least $350 million for the 1.9 ha parcel,...
A MIXED development site next to Jurong East MRT station is set to be put up for sale and kick-start the transformation of the area into Jurong Lake District. The tender, which is expected in two weeks, has been triggered by an unnamed developer which has committed to a minimum bid of $350 million, the Urban Redevelopment Authority said yesterday. It marks the first big step in the morphing of the sleepy...
The first sale site at one of Singapore's new commercial hub, the Jurong Lake District, will be put up for tender in two weeks. According to the Urban Redevelopment Authority (URA), a developer has committed to bid S$350 million for the 1.9-hectare plot. The mixed-use site is located at Jurong Gateway Road, next to the Jurong East MRT station. It has a potential gross floor area of about 107,000 square...
A SITE in Hougang Avenue 2 has been triggered for tender after an unnamed developer committed to a minimum bid of $109.9 million. The 3.02ha plot is slated for development into apartment blocks of up to five storeys in height, or landed homes of up to three storeys, and is located adjacent to Hougang HDB town. Surrounded by mostly landed homes, it has a 99-year lease and a maximum gross floor area of...
Tender for the plot on the reserve list of the H12010 GLS programme will be launched in 2 weeks THE Urban Redevelopment Authority (URA) has accepted an application from a developer to tender a residential site at Hougang Avenue 2. The 99-year-leasehold plot is on the reserve list of the first-half 2010 government land sales (GLS) programme. The tender will be launched in two weeks. URA said yesterday...
The Urban Redevelopment Authority (URA) said it has accepted an application to put up a residential site at Hougang Avenue 2 for public tender. It said a developer has committed to bid at least S$109.9 million for the land parcel. The site is one of those on the Reserve List of the first half of this year's Government Land Sales Programme. It's located within an established private residential estate...
Singapore PR Piegaia Gabriele in top bid of $79,251 per month NINE parties have submitted bids in a state tender to lease the former Alkaff Mansion, with the majority proposing food & beverage use for the landmark property. They have offered to pay monthly rentals ranging from $3,009 to $79,251 for the property at Telok Blangah Hill. The top bidder is LES Pte Ltd. A search with the Accounting and...