More signs of Singapore’s property market slowing: Tenders for a plot of government development land have closed, attracting one of the lowest bids in recent years. The residential site bordering Choa Chu Kang Road and Woodlands Road on offer attracted just two bids. The highest offer came from an arm of Peak Properties, which is controlled by the Wee family. It offered $61 million, which works out to...
Land Sales
A hotel site at Balestier Road has been launched for sale. The 1.77-hectare plot is one of two hotel sites on the Confirmed List of the Government Land Sales Programme for the first half of this year.But for the first time, the government has made developing a park a requirement as part of the tender. Balestier Road is buzzing with activity. And adding to it will be a new contemporary hotel which draws...
Balestier Road site will face Sun Yat Sen Memorial Hall IMAGINE a hotel development in the midst of a public park. Better still, one that blends in with the area’s heritage. That could soon be a reality following the Urban Redevelopment Authority’s (URA) launch of a land parcel for sale by tender off Balestier Road. The site, located across the Sun Yat Sen Nanyang Memorial Hall, will be nestled in...
A land parcel at Choa Chu Kang has been launched for sale by tender for residential development. The Urban Redevelopment Authority (URA) said it is one of four new residential sites to be released as a confirmed site under the Government Land Sales Programme for the first half of 2008. At 1.9 hectares, the plot will have a maximum permissible gross floor area of 53,200 square metres. A condominium up to 36...
Gold Ridge has put in the top bid of nearly S$801 million for a white site at Serangoon Central. The price works out to S$850 per square foot per plot ratio for the 99-year leasehold site. This is 10 percent more than the next highest bid of S$727 million from Serangoon Community Developments. All in, the site attracted 6 bids, with the lowest by Peak Star at S$215 million. Analysts expect a full...
The Urban Redevelopment Authority has released detailed sales conditions for two reserve list sites at Clemenceau Avenue/Havelock Road and Upper Changi Road North/Flora Drive. The site at Clemenceau Avenue is slated for hotel development. The parcel is close to the popular entertainment districts of Clarke Quay, Boat Quay and Robertson Walk. It has an area of about 5,500 square metres and a permissible...
The Housing and Development Board is releasing two parcels of land for condominium housing under the Reserve List of the Government Land Sales programme.One of them, at Jurong West Street 42, is for executive condominium housing, while the other at Chestnut Avenue is for private apartments. Among the two sites, the one at Chestnut Avenue is expected to get more attention from developers. Analysts said this...
Billion Rise - a company believed to be linked to Hong Kong property giant Cheung Kong Holdings - has put in the top bid of S$110.4 million for a residential site at West Coast Crescent. This works out to S$305 per square foot per plot ratio for the 99-year leasehold parcel. Analysts expect a break-even price of between S$680 and S$720 per square foot for a new condominium on the site. The units are...
Developer Boon Keng Development has put in the top bid of S$11.8 million for a landed housing site at Westwood Avenue. The price for the 150,700 sq ft site, which is being sold on a 99-year lease, works out to be S$78 per sq ft. Only two bids were received by the Housing and Development Board (HDB) for the plot. Sunway Concrete Products put in the lower offer of S$10.3 million. Property consultants CB...
The Ophir Rochor area is undergoing a revamp. And a landmark development has been planned for this new office district. The Ophir Rochor district has been slated to be a new growth extension from the Marina Bay area. An artist's impression of Ophir Rochor district. The first plot next to Parkview Square will be released for sale in June as part of the government land sales programme. Analysts expect...