The Urban Redevelopment Authority (URA) has said it did not receive any bids for the hotel site at Race Course Road/Bukit Timah Road when the tender closed at noon on Wednesday. URA added that it will announce its plans for the site after a decision has been made. URA launched the hotel site for sale by public tender in February this year. It was one of the two hotel sites to be sold through the...
Land Sales
The former Ministry of Home Affairs (MHA) Complex at Tanglin Road, which is also known as Phoenix Park, has been placed for tender. According to the Singapore Land Authority (SLA), the prime site on the fringe of the Orchard Road belt will be open for adaptive re-use as office space. Analysts said they are expecting to see strong interest due to the current office space crunch. Winston Cheah, Senior...
JTC Corporation releases its North Buona Vista Drive (LX 1-1) site for sale under the government's reserve list . The 99-year lease site is located at the junction of North Buona Vista Road and Commonwealth Avenue West. Under the Reserve List system of the Government Land Sale programme, the site would only be put up for tender after the minimum bid price received from a developer is found acceptable by...
The Urban Redevelopment Authority (URA) has launched a residential site at Woodleigh Close for sale by public tender. At 1.08 hectare, market watchers said about 260-290 apartment units can be built on the plot of land, which is located near to the Potong Pasir MRT station. A new 99-year leasehold project in the location is expected to fetch prices of around S$800 psf. This will translate to a possible...
The Housing and Development Board (HDB) will launch on Wednesday a land parcel at Sengkang East Avenue for executive condominium development under the Reserve List System. HDB said the 17,000 square metre plot will have a permissible gross floor area of over 51,000 square metres. Property consultants estimate that the 99-year lease site could fetch about 450 to 500 units, with a land price of S$110 to...
The Urban Redevelopment Authority (URA) has rejected the highest bid for the residential site at Choa Chu Kang Road/Woodlands Road. In a press release out on Friday, the URA said the price offered was too low. The top bid came in at S$61 million, which works out to about S$1,750 per square metre of gross floor area. There was only one other offer at S$45.6 million. The land parcel - offered on a 99-year...
The tender for the transitional office site at Scotts Road/Anthony Road has attracted strong bids. There were a total of eight bids at the close of the tender on Thursday. UOB Kay Hian put in the highest offer at S$34 milllon, 16 per cent higher than the second bid. The bid works out to more than S$242 per square foot per plot ratio. The almost 8,700-square-metre site is offered on a short-term lease of...
In the first half of this year, 12 sites will be made available for hotel development. National Development Minister Mah Bow Tan said these sites would potentially yield another 6,000 rooms which Singapore needs to meet growing demand. Mr Mah was speaking at the official opening of the six-star St Regis Singapore on Sunday, where 1,000 of Singapore's Who's Who attended the event. At St Regis, butler...
Lim Chu Kang looks all set for a change if the Singapore Land Authority’s plans for the first agri-tainment resort work out. Developers of the agri-tainment farm resort hope to offer visitors a more unconventional experience when it opens its doors in August 2008. Visitors will be able to find out how crops like corn and coffee are grown and may even get the chance to harvest their own vegetables. In...
The Housing and Development Board (HDB) has launched the sale of a new site in Simei under its Design, Build and Sell Scheme (DBSS). Analysts said the plot of land near the Simei MRT station should attract medium-sized developers and construction companies to bid between S$49 million and S$76 million. With an area of over 16,000 square metres, an estimated 320 to 360 units can be built there. A higher...