DEVELOPERS have bid aggressively for a 60-year leasehold industrial site at Yishun Avenue 6 (Parcel 1). Seven parties had expressed interest by the time the tender closed yesterday. OKH Management put in a top bid of $27.2 million, or $71 per square foot per plot ratio (psf ppr). The is 2.4 times the trigger price of $11.5 million, or $30 psf ppr, that an unnamed developer had committed to pay in...
Land Sales
A NEWLY set up food and beverage company fronted by Italian Gabriele Piegaia has topped the bids for the keenly contested former Alkaff Mansion site. The two-month-old company, LES, topped the tender with a monthly rent offer of $79,251, which is about three times the Singapore Land Authority's (SLA) monthly guide rent of $28,100. Fragrance Group came in second with a monthly offer of $41,300 while...
Developer OKH Management has placed the top bid of S$27.2 million for the industrial site at Yishun Avenue 6. This is slightly more than double the minimum bid of S$11.5 million committed by an unnamed developed on March 8 this year. The top bid of S$27.2 million translates to about S$71 per square foot per plot ratio. The breakeven cost for this development is estimated to be between S$250 per square...
A NEW lease on life is on the way for the iconic stretch of colonial buildings along Stamford Road. Stamford House, Capitol Building and Capitol Theatre are part of a huge land parcel that will go on sale in two weeks' time, after a property developer agreed to put in a bid of at least $100 million for the commercial site. The bid triggered a public tender for the 1.43ha plot, which is located at the key...
The developer has to retain and restore the three buildings - Capitol Theatre, Capitol Building and Stamford House - on the site THE government will soon put up for sale a commercial site with three landmark buildings - Capitol Theatre, Capitol Building and Stamford House - on it. The site, which is located at the junction of Stamford Road and North Bridge Road and which also comprises Capitol Centre and...
AN executive condominium (EC) site at the junction of Sengkang East Avenue and Buangkok Drive will go on sale in about two weeks - and is expected to be warmly received by developers. The Housing & Development Board said yesterday it will release the site, which is on the government's reserve list. Sites on this list are released after a developer commits to bid at or above a minimum price acceptable...
THE Singapore Land Authority (SLA) yesterday launched an invitation to tender for four sites at Lorong Chencharu, intended for use as aquarium fish export centres. The sites total 17,189 sq m, equivalent to slightly more than two football fields. They are part of a larger area of state land earmarked for agricultural purposes. Each site is offered on a 10-year lease, with an option to renew for a further...
The Urban Redevelopment Authority (URA) said a developer has committed to bidding at least S$100 million for a land parcel at the corner of Stamford Road and North Bridge Road. The site, which has a 99-year lease, includes three historical buildings - the Capitol Theatre, Capitol Building and Stamford House. The site has been on the reserve list since 2008 and is expected to be launched for sale by...
Another plot of land meant for Executive Condominiums (EC) will be put up for tender. The Housing and Development Board (HDB) said on Thursday that it will launch the tender of the land parcel at Sengkang East Avenue and Buangkok Drive in two weeks. The site, which was placed on the government's Reserve List System, has a 99-year-lease. It has an area of about 17,000 square metres, which can yield an...
The Singapore Land Authority (SLA) has launched a tender for four sites at Lorong Chencharu in Yishun, for use as aquarium fish export centres. The four sites have a total land area of 17,189 square metres, which is equivalent to slightly more than two football fields in size. SLA said each site is offered on a 10-year lease, with an option to renew for a further 10 years. These four sites form part of...