THE tender for a transitional office site in Mohamed Sultan Road closed yesterday with a top bid almost four times greater than an offer received in 2008 when the property failed to sell. Boutique development firm Link (THM) Holdings bid $17.19 million, or $172.37 per sq ft (psf) of gross floor area. That was nearly 30 per cent above the second highest bid of $13.29 million, or $133.26 psf of gross floor...
Land Sales
THE Urban Redevelopment Authority (URA) yesterday received surprisingly high bids for a transitional office site at Mohamed Sultan Road. The 15-year leasehold plot attracted three bids. The highest was $17.19 million, or $172 per sq ft per plot ratio (psf ppr), from a boutique property developer and sports fashion retailer Link (THM) Holdings Pte Ltd. Yesterday's top bid was eye-catching on several...
Two en bloc sale sites have come on the market - Culford Gardens at Siglap, with price expectations of $37-40 million, and two adjacent bungalows in Margate Road, which are expected to fetch more than $30 million. Both sites are freehold. In the Siglap/Upper East Coast vicinity, Credo Real Estate is handling the collective sale of Culford Gardens, which is on a 44,093 sq ft site. Under Master Plan 2008,...
Two owners in the Mountbatten area are jointly putting up their adjacent bungalows for sale for some S$30 million. Property consultant Cushman & Wakefield said the freehold units at 6 and 8 Margate Road have a combined land area of 24,000 square feet. The property is zoned for high rise residential development of up to 24 storeys. It has a plot ratio of 2.1, allowing a maximum gross floor area of...
A RESIDENTIAL site facing Bedok Reservoir that failed to be sold 18 months ago after attracting only one bid of $84.6 million is now sought after by eight developers, with one offering $302 million. The Tampines site was a victim of the financial meltdown when it closed for tender in August 2008, but the property market rebound has brought it back into favour. Sim Lian Land lodged the highest bid for the...
99-year plot may yield 600 units; consultants describe bids as sensible SIM Lian Land has emerged as the top bidder for a closely contested land parcel in Tampines. The developer led the field that included familiar names such as CapitaLand, Far East Organization, Frasers Centrepoint and MCL Land in a state land tender as demand for residential land continues to hold strong. Sim Lian bid $302 million...
Developer Sim Lian Land placed the top bid of S$302 million for the residential site at Tampines Avenue 1 & Avenue 10. The tender for the 3.2 hectare site with a lease of 99 years attracted a total of eight bids. The second highest bid of nearly S$288.99 million came from a joint venture of Far East Organisation and Frasers Centrepoint. That's followed by MCL Land's bid of about S$278.3...
An industrial site in Yishun has been launched for sale by public tender. The Urban Redevelopment Authority (URA) said the land parcel has been made available for sale through the Reserve List system since 2007. Under the system, a site would be released for sale only if a bid with an acceptable minimum price is received. Last month, URA announced that it had received an application from a developer to...
FAIRLY strong interest from developers is expected in a 99-year leasehold residential site at the corner of Upper Changi Road North and Flora Drive, which will be launched for sale in two weeks' time. It has been put to tender after an unnamed developer committed to bid at least $82 million, said the Urban Redevelopment Authority yesterday. The 3.1ha site, which is not near any MRT station, can be...
DEVELOPERS continue to hunger for land. The Urban Redevelopment Authority has announced that a private housing site at Upper Changi Road North/Flora Drive, next to Edelweiss Park Condominium, has been triggered for release from the government's reserve list. An unnamed developer has agreed to bid at least $82 million or $177.37 per square foot of potential gross floor area. The 99-year leasehold plot is...