The Housing & Development Board has awarded the tender for the residential site at the junction of Sengkang West Avenue and Fernvale Link to Sunmaster Holdings. The company submitted the highest tender for the site at S$200.5 million out of a total of 10 bids received. The minimum offer price was S$70 million. The land parcel is about 16,998 square metres and is for a proposed condominium...
Land Sales
Developers still appear hungry for land that can be used for condominium development. A tender for a land parcel in Sengkang saw robust bidding, with the top offer coming in at over S$200 million. Industry experts said it is a sign that appetite among developers to snap good sites is currently on a high. The site at Sengkang West Avenue and Fernvale Link received bids from 10 developers. Sunmaster...
The government will release five residential sites for sale by public tender between this month and April under the Government Land Sales (GLS) programme for the first half of the year. The Urban Redevelopment Authority (URA) said that apart from the five confirmed residential sites, another 18 residential sites are on the reserve list. It added that the land from the confirmed and reserve lists are...
The Urban Redevelopment Authority (URA) has launched a residential site at Tampines Avenue 1/Avenue 10 for sale by public tender. The land parcel is the fourth residential site to be launched for sale under the confirmed list of the Government Land Sales (GLS) Programme for the first half of this year. With a site area of about 3.2 hectares, the site will have a maximum permissible gross floor area of...
An office site at Mohamed Sultan Road has been put up for sale by public tender. The Urban Redevelopment Authority said it has accepted an application from a developer to put up the site for sale. Since October 2008, the land parcel was made available for sale through the Reserve List System. Under the system, a site would be released for sale only if a bid with an acceptable minimum price is...
A land parcel in Sengkang meant for a condominium development has been launched for sale by public tender. The Housing & Development Board (HDB) is launching the condominium housing site at Sengkang West Avenue and Fernvale Link for sale. Interested developers have to submit a minimum bid of S$70 million. The site was made available for sale through the reserve list in June last year. HDB said a...
The first government land sales tender has been launched for this year. It is a commercial and residential site at the junction of Woodlands Road and Choa Chua Kang Road, and analysts expect the bidding to be strong. If a developer succeeds in buying the land, the Ten Mile Junction shopping mall, which currently sits on the site, will be transformed into a commercial and residential development, and...
The government has announced that its industrial land sales programme for the first half of 2010 will have 10 sites including two on the confirmed list. Sites on the confirmed list will be put up for tender regardless of developers' interest. The two on the confirmed list includes a site at Tampines Industrial Avenue 4 which was previously on the reserve list and a new site at Ubi Road 1. The two...
HDB has accepted an application from a developer to put up a residential land parcel at Sengkang West Avenue for public tender. The land parcel is under HDB's Reserve List system. Under the system, the government will put up a site for tender if it receives an application from a developer who commits to bid for the site at or above the minimum offer price acceptable to the government. In this case, the...
The Housing and Development Board (HDB) is launching for sale a site at New Upper Changi Road and Bedok North Drive. The site is zoned for mixed commercial and residential development and will be integrated with a bus interchange. The site area spans 24,902 square metres, with a permissible gross floor area of 87,157 square metres. It has a lease term of 99 years and is being made available under the...