An industrial site at Kaki Bukit which attracted a record number of bids has been sold to highest bidder, Kng Development Pte Ltd, for S$12.1 million. The 115,342 square foot plot in Kaki Bukit Road 2 was launched for public tender on July 14, after an application bid of S$5 million was submitted. Eighteen offers were made by the end of the bidding period – the most ever received for an industrial...
Land Sales
KNG Development has submitted the top bid of S$12.1 million for an industrial site at Kaki Bukit Road. The offer works out to about S$105 per square foot. Units of mainboard-listed Sim Lian Group and Soilbuild Group were among the bidders for the site. The Urban Redevelopment Authority said it received a total of 18 bids for the land parcel, with the lowest bid at S$5.2 million. The land parcel has a...
The Urban Redevelopment Authority (URA) is launching a 2.1-hectare parcel of land at Yio Chu Kang/Seletar roads for public tender in about two weeks. The URA says this follows a commitment from a developer to bid at least S$40.5 million for the site. The land parcel is located within the residential area at Seletar Hills and near the future Seletar Aerospace Park. It will be available for development...
The government has launched a residential site at Dakota Crescent for public tender. This comes after a developer said it would bid at least S$130 million for the site two weeks ago. The land parcel, which was made available for sale through the Reserve List System, has a site area of 1.7 hectares. The 99-year site, which is located near Old Airport Road, can generate a maximum permissible gross floor...
Land prices in Singapore have slumped by up to 50 per cent since the property boom in 2007, according to market watchers. Weaker prices, coupled with recent strong demand for homes, could lure developers to replenish their land bank. As home buyers have been flocking to project launches over the past few months, analysts said developers are showing more interest in good residential sites. More than 7,200...
A residential site at Dakota Crescent will be placed for public tender in about two weeks, following commitment from a developer to bid at least S$130 million for the land parcel. According to the Urban Redevelopment Authority (URA), who made the announcement on Wednesday, the site has an area of about 1.7 hectares and will be able to generate a maximum permissible gross floor area of about 60,164 square...
The Housing and Development Board (HDB) will launch a condominium site at Bukit Panjang for sale by public tender on Thursday. HDB said earlier this week it had accepted an application under the reserve list system from a developer to put the land parcel up for tender. The 99-year land parcel has a site area of about 244,000 square feet and a permissible gross floor area of 513,000 square feet. The...
The Housing and Development Board (HDB) will launch the public tender for a residential site at Bukit Panjang later this week. HDB says it has accepted an application under the reserve list system from a developer to put the land parcel up for tender. Under the reserve list system, the government will put up a reserve list site for public tender if it receives an application from a developer who commits,...
The government has launched an industrial site at Kaki Bukit Road for sale by public tender. The land parcel was made available for sale through the reserve list system. URA said it has received an application from a developer who has committed to bid at least S$5 million for the site. The land parcel has a site area of about 1.07 hectare and a maximum gross plot ratio of 1 with a lease period of 30...
The Urban Redevelopment Authority (URA) has launched a hotel site at New Bridge Road for sale. Last month, the urban planners received an application from a developer to put the plot on sale. URA says the developer has committed to bid at least S$43,888,888 for the 99-year lease hold site located in Chinatown, near the Outram Park MRT station. The 0.45 hectare site can yield a maximum permissible gross...