A 99-year leasehold private housing site at the corner of Martin Place and River Valley Close offered by Urban Redevelopment Authority (URA) has attracted 13 bids at a state tender that closed on Tuesday. The highest bid, from GuocoLand unit First Bedok Land, was for S$595.1 million or S$1,239 per square foot per plot ratio (psf ppr). The second highest bid, from a four-way partnership involving Hong...
Land Sales
LAND for private housing including executive condominiums (ECs) that will be offered by the government in the second half of the year is slightly more than in the first half. This is mainly due to a 39.1 per cent rise in the confirmed list supply to 2,170 homes (no ECs), from 1,560 (635 ECs) in H1. Putting things in perspective, National Development Minister Lawrence Wong said in a blog post that the...
Property market observers were all agog on Wednesday about a choice commercial and residential site along Upper Serangoon Road right next to Woodleigh MRT Station that will be launched on the confirmed list in December this year. It is for a mixed-use development that could yield an estimated 825 private homes and about 15,000 square metres gross floor area (GFA) of commercial space. This will...
MINISTER for National Development Lawrence Wong said the government factored in the drop in the number of remaining unsold private homes, as well as the corresponding pick-up in new private home sales at a monthly average rate of 600 units over the last 12 months, in minting the second-half state land sales programme. In a blog post titled "Finding The Right Balance" on Wednesday following the Ministry...
The Ministry of National Development (MND) announced on Wednesday (Jun 8) that it has launched four Confirmed List sites and 11 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2016. The Confirmed List sites include three private residential sites at Fernvale Road, Perumal Road and West Coast Vale, and a commercial and residential site at Upper Serangoon Road,...
THE downtrend in the supply of state land in the confirmed list for private housing (excluding executive condos) development may be reversed in the second-half of this year. Some property consultants predict a moderate rise in supply, citing developers' strong appetite for land replenishment and a recent pick-up in private home sales. The timing of any potential tweaking of cooling measures would also...
THE Urban Redevelopment Authority (URA) on Wednesday released detailed sales conditions for a residential site at West Coast Vale. The 16,378-square-metre site, which can potentially yield up to 520 residential units, is available for application under the Reserve List of the first-half 2016 Government Land Sales programme. It has a 99-year lease and the permissible potential gross floor area is...
A 99-YEAR leasehold commercial and private residential site in Bukit Batok West Avenue 6 has garnered 11 bids at a state tender that closed on Tuesday, The top bid, from a tie-up between Qingjian Realty (BBR) and Qingjian Realty (BBC), was S$301.16 million. This works out to S$634.57 per square foot of potential gross floor area. Allgreen Properties was the second highest bidder, at S$277.98 million or...
A RARE District 9 private housing site being offered at a state tender is generating much buzz in the market. The developer of the nearly 1.6-hectare site located at the corner of Martin Place and River Valley Close may build 450 units at most - subject to a maximum gross floor area of 480,306.75 square feet. Part of the site has a 20-storey height restriction, while the rest of the plot has a...
The Urban Redevelopment Authority (URA) has launched a residential site at Martin Place for sale by public tender today under the Confirmed List of 1st Half 2016 Government Land Sales (GLS) Programme. This site can potentially yield about 450 residential units. The 99-year lease, 15,936.1 square metre site is located within a well-established residential area, with existing condominiums such as Martin...