The Housing and Development Board (HDB) said on Monday it has put up for tender a residential site at Westwood Avenue. The site was placed on the reserve list and the sale process was triggered after a developer committed to submitting a minimum bid of S$15 million. The land parcel has a site area of 14,098.8 square metres and is proposed for landed housing development. Located within Jurong West town,...
Land Sales
The Singapore government is boosting the supply of private residential sites in the first half of next year. It has announced new sites for sale, which could yield over 10,500 homes – the highest number of units since the Government Land Sales (GLS) Programme started in the second half of 2001. The Urban Redevelopment Authority (URA) said on Friday that in deciding supply, it looks at market conditions...
Market-watchers expect keen competition for the eight residential sites on the confirmed list under the Government Land Sales (GLS) Programme for the first half of next year. But land prices may not necessarily come down. Analysts also expect more foreign developers to bid for sites over the next three to six months, keeping prices competitive especially for popular locations. Donald Han, managing...
The government has reinstated the confirmed list for its Land Sales or GLS programme. The confirmed list for the first half of next year consists of eight residential sites. They include two executive condominium sites. The eight confirmed list sites comprise four new sites and four sites carried over from the second half land sales programme for this year. The National Development Ministry said these...
Singapore's Ministry of National Development on Friday announced its biggest half-yearly land sales programme for the first half of 2010 since the reserve list system was started in H2 2001. This follows very strong demand for private homes seen in the past eight months. This will ensure there will be enough supply to meet demand, Urban Redevelopment Authority's senior group director, land sales and...
The Urban Redevelopment Authority (URA) has received a top bid of S$251 million for a residential site at Upper Thomson Road. The bid was submitted by Treasure Well Investments and works out to about S$5,741 per square metre. The URA said it received a total six bids with the lowest one at S$135 million. Among the bidders of the site were Frasers Centrepoint and Sim Lian Land. The Upper Thomson Road...
The Urban Redevelopment Authority (URA) will launch a tender for an industrial site at Pioneer Road North and Soon Lee Drive. The land parcel was previously placed under the reserve list system. It has an area of 1.9 hectares and a lease period of 30 years. Under the system, a site would be released for sale only if it receives a bid with a minimum price that is acceptable to the government. An unnamed...
A commercial redevelopment site at Thomson Village has been offered for sale by tender. Real estate services firm and sole marketing agent CB Richard Ellis (CBRE) said the site, located off Upper Thomson Road, has an approximate area of 13,387 square feet. It comprises eight strata-titled commercial units and a piece of vacant land, with an asking price of S$24 million. CBRE said: "Based upon a plot...
The Housing & Development Board (HDB) on Monday accepted an application under the Reserve List System to put up a residential land parcel at Jurong West for public tender. HDB said it will launch the tender for the land parcel in about two weeks. The land parcel is at Westwood Avenue and it is proposed for the development of landed housing. The area covers 14,098.9 square metres and is for a lease...
The freehold site at Angullia Park that The Parisian sits on has been sold for S$283 million. The buyer is China Sonangol Land, part of the China Sonangol international holding company headquartered in Hong Kong. According to real estate consultancy CB Richard Ellis which brokered the deal, this is the biggest private residential land sale in two years. The site, located near Orchard Road, can...