A Land parcel in Margaret Drive that is big enough for 275 homes has been triggered for sale after a developer committed to bid at least S$185.76 million for it. This is a Reserve List site under the government land sales (GLS) programme that can be released for sale only when the minimum price committed by a developer is acceptable to the government. Based on the maximum gross floor area (GFA) of...
Land Sales
A 0.48ha Reserve List parcel at Margaret Drive that could host 275 homes is triggered for sale after a developer committed to bid at a price of not less than S$185.76 million. The Urban Redevelopment Authority said on Thursday it has accepted the application to put up the site for sale by public tender. Reserve List sites under the Government Land Sales programme are released for sale when the...
A 99-year leasehold private housing site along Fernvale Road in the Sengkang area has fetched 14 bids at a state tender that closed on Tuesday, Sept 27. The top bid, from a partnership between Sing Development and Wee Hur Development, was S$287.1 million, which works out to S$517.03 per square foot per plot ratio (psf ppr).This was just a tad above the next highest bid of nearly S$287.09 million...
Land-hungry residential developers made a beeline for an executive condominium (EC) site in Anchorvale Lane, Sengkang, on Tuesday. The site drew 16 bids, a whopping turnout not seen for an EC site since July 2013. The top bid of S$355.07 per square foot per plot ratio (psf ppr) from a Hoi Hup Realty-Sunway Developments tie-up exceeded all expectations and is the highest offer for an EC site since a Choa...
A STATE tender for a 99-year leasehold executive condominium (EC) site along Anchorvale Lane in the Sengkang area has attracted a whopping 16 bids. The highest bid - from Hoi Hup Realty, which teamed up with Sunway Developments - was S$240.95 million, which works out to slightly over S$355 per square foot per plot ratio (psf ppr). The second highest bid, S$235 million (or S$346.30 psf ppr) , was from...
THE Urban Redevelopment Authority (URA) has launched a residential site at Fernvale Road for sale by public tender on Tuesday under the confirmed list of the second-half 2016 Government Land Sales (GLS) programme. The 99-year lease site can potentially yield about 605 residential units. It is located at the corner of Future Road and Fernvale Road. The tender for the land parcel will close at 12pm on...
A developer from mainland China is likely to have triggered the plum Central Boulevard site from the government's reserve list, The Business Times understands. Urban Redevelopment Authority (URA), which announced on Friday that the site had been triggered for launch, did not name the party that successfully applied for the site's release. The applicant has undertaken to bid at least S$1.536 billion -...
THE Urban Redevelopment Authority (URA) will launch for public tender a plum site along Central Boulevard in the Marina Bay area after an unnamed party made a successful application for the site's release. The white site is on the Reserve List of the Government Land Sales programme for H2 2016. The developer has committed to bid at a price of at least S$1.536 billion at tender; this works out to S$1,010...
welve industrial sites have been released under the Industrial Government Land Sales (IGLS) Programme for the second half of 2016, amid a slowing economic outlook and weakening demand for factory space. There will be seven sites on the confirmed list and five sites on the reserve list, with a total site area of 11.7 hectares, the Ministry of Trade and Industry said on Tuesday (Jun 28). Compared to...
An Executive Condominium (EC) site in Sengkang which could yield about 653 homes has been released for public tender, the Housing and Development Board (HDB) said on Wednesday (Jun 29). The 21,014.6 sqm site in Anchorvale Lane is located beside Punggol Reservoir and can be accessed via Tongkang LRT station. The site is on the confirmed list of the Government Land Sales Programme for the first half of...