Wee Hur Development has submitted the highest bid of S$22.9 million for an industrial site at Woodlands Avenue 4. The Urban Redevelopment Authority (URA) has closed the tender on Tuesday for the site after receiving 8 bids in total. The site spans about 2.5 hectares and has a gross plot ratio of 2.5. Wee Hur's bid translates to about S$34 per square foot. Soilbuild Group put in the second highest bid...
Land Sales
The government will introduce three new sites in its industrial land sales programme for the second half of the year. The Trade and Industry Ministry says this is to meet potential demand for industrial land. With the addition, there will be nine sites on the Reserve List. The three new sites are parcels at Woodlands Avenue 12, Kaki Bukit Avenue 4 and Ubi Road 1/Ubi Avenue 4. The nine sites on the...
The Urban Redevelopment Authority (URA) will put an industrial site at Kaki Bukit up for sale through a public tender. It says it has accepted an application from a developer who has agreed to bid for the land parcel at or above the minimum acceptable price of S$5 million. The identity of the developer was not revealed. The 1.07 hectare site, located at Kaki Bukit Road 2, has a 30-year lease period. The...
The government will launch a tender for a hotel site at New Bridge Road in two weeks' time, after a developer committed to at least S$43,888,888 for the land parcel. The site is under the Reserve List of the Government Land Sales programme. It has an area of about 0.45 hectares and will be able to generate a maximum permissible gross floor area of about 15,687 square metres with a lease period of 99...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has won the tender for a hotel site at Short Street. It had submitted the top bid of S$15.5 million for the site. The Urban Redevelopment Authority (URA) received a total of 15 bids, ranging from S$8 million to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. The...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has put in the top bid of S$15.5 million for a hotel site at Short Street. The Urban Redevelopment Authority said it received a total of 15 bids, ranging from S$8 to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. Property consultancy CBRE said the strong response...
The Urban Redevelopment Authority (URA) has launched a site at Woodlands Industrial Park and Woodlands Avenue 4 for sale by public tender. It said a developer has committed to bidding at least S$12.5 million for the land parcel. The parcel has a site area of about 2.5 hectares and a gross plot ratio of 2.5 with a lease period of 60 years. It can be developed for a range of clean, light and general...
Singapore will continue to suspend the confirmed list of Government Land Sales (GLS) for another six months, given the poor property market conditions. The government had suspended the list for the first half of this year in October last year, placing all sale sites on the reserve list. The National Development Ministry said this will provide flexibility for the market to adjust supply according to the...
The Urban Redevelopment Authority (URA) has released the first sale site at Kallang Riverside for hotel development. The 0.74-hectares land parcel will be made available on the reserve list under the Government Land Sales Programme for the first half of 2009. URA said the plot has a permissible gross floor area of 20,917 square meters with a maximum building height of 16 storeys. The site will have a...
Developers interested in purchasing a 2.5 hectare industrial development site at Woodlands can now apply to the Urban Redevelopment Authority (URA) for it to be put up for tender. The URA has released the detailed sale conditions for the reserve list site, which is bordered by Woodlands Avenue 4 and Woodlands Industrial Park E5. The 60-year lease site has a gross plot ratio of 2.5, with a maximum...