Another Reserve List site has been triggered. The Urban Redevelopment Authority (URA) said it will launch for sale a residential site at the junction of Upper Changi Road North and Flora Drive in two weeks' time. It said a developer has committed to bid no less than S$82 million for the three-hectare site. The minimum price is acceptable to the government. URA said the land parcel can yield 390...
Land Sales
A CHINESE firm new to Singapore's residential development scene has topped the bidding for an executive condominium (EC) site in Yishun. Beijing-headquartered MCC Land (Singapore), which lost out on last week's tender for an EC site in Sengkang, was the highest bidder for the 15,074 sq m Yishun plot. Its $127.8 million bid, or $281.31 per sq ft (psf) of gross floor area, easily beat earlier analysts'...
The executive condominium site at Yishun Avenue 11 has attracted 10 bids. MCC Land Singapore put in the top bid of $127.8m for the 99-year leasehold plot. This translates into S$281 per square foot per plot ratio. The second highest bid came from Qingjian Realty, at S$118.8m, followed by Maxdin Pte Ltd which placed a bid of S$117m. The remaining offers range between S$46.8m and S$116m. Real estate...
The government has accepted an application from a developer to put up an industrial site at Woodlands Avenue 12 for public tender. The Urban Redevelopment Authority (URA) said it has received an application from a developer who has committed to bid a price of not less than S$25 million for the land parcel. The land parcel has a site area of about 3.2 hectares and a maximum gross plot ratio of 2.5. It can...
The government has introduced changes to the Reserve List System under its Land Sales Programme. These include a cut in the deposit when bidding for reserve sites, which is set to benefit property developers. But analysts said the revisions are unlikely to have a far-reaching impact on the property market. The government said the Reserve List System for land sales has worked well since it was introduced...
An industrial site in Yishun has been put up for sale by public tender. The land parcel was made available for sale through the Reserve List system in May 2007. Under the system, a site would be released for sale only if a bid with an acceptable minimum price is received. Last month, the Urban Redevelopment Authority (URA) announced that it had received an application from a developer to put up the land...
The Housing and Development Board (HDB) has received 11 bids for the sale of a site in Sengkang at Compassvale Bow. The 19,000 square metre site is designated for an executive condominium under the Design, Build and Sell Scheme (DBSS). The top bid came from Opal Star and Lum Chang Building Contractors who offered S$193 million for the site. That translates to about S$315 per square foot. Opal Star is a...
The tender for a commercial-residential site at Ten Mile Junction in Choa Chu Kang has attracted eight bids. The 1.56-hectare site is the first to be launched for tender this year under the Confirmed List of the government land sales programme. The top bid of nearly S$164 million came from Dollar Land Singapore, a subsidiary of Lucky Realty Company. This translates to a tendered sale price of some...
More land for industrial use is being made available to the market. The Urban Redevelopment Authority (URA) said on Tuesday that it has accepted an application from a developer to put up the industrial site at Yishun Avenue 6 for public tender. The land parcel was made available for sale through the Reserve List system in May 2007. Under the system, a site would be released for sale only if a bid with an...
The Urban Redevelopment Authority (URA) on Tuesday launched a transitional office site at Mohamed Sultan Road for sale by public tender. The 15-year-leasehold site has an area of about 0.62 hectares and a maximum permissible gross floor area of about 9,200 square metres. The minimum price for the site is S$9.33 million. Since October 2008, the land parcel was made available for sale through the Reserve...