New Ophir-Rochor land parcel marketed at premier property event in Cannes. A PRIME land parcel enveloping Parkview Square in Bugis may soon draw more top developers to Singapore, just as the Beach Road and Marina View parcels did last year. The 2.74 ha site, along Rochor and Ophir Roads, will comprise office and hotel space, said the Urban Redevelopment Authority (URA), which is pitching it to an...
Land Sales
The Urban Redevelopment Authority (URA) is auctioning 11 land parcels along Sembawang Road/Andrews Avenue as part of its plans for a landed housing estate in the area. The plots constitute the Phase 2 development of the Sembawang Greenvale project, and can accommodate 90 dwellings, comprising of one bungalow, 16 semi-detached houses and 73 terrace houses. Phase 1 of the project, which consists of 12 plots...
The Urban Redevelopment Authority has launched 11 land parcels at Sembawang Road and Andrews Avenue for sale for landed housing development. This is the second phase of the planned Sembawang Greenvale estate. It is one of the eight residential sites on the confirmed list announced under the Government Land Sales Programme for the first half of 2008. The estate will have a mix of landed housing including...
The Urban Redevelopment Authority (URA) has launched the sale of two transitional office sites at Scotts and Anthony Roads in the Newton area. The sites are being released under a government programme to meet the near-term demand for office space. The two parcels are located next to the Newton MRT station. The first site has an area of some 0.86 hectares and can yield a maximum gross floor area of about...
According to Finance Minister Tharman Shanmugaratnam, the Government Land Sales policy has been a responsible one that is also market-led. The minister made this comment in Parliament on Wednesday in response to questions raised during the Budget debate. He added that the government is doing the right things to sustain Singapore's competitiveness. The Government Land Sales programme came under the...
The HDB is launching an executive condominium housing site in Yishun. The land at Yishun Avenue 11 is being made available under the Reserve List System. This means developers interested in purchasing the land, must submit their application with the minimum price they are willing to bid for the land. The site has an area of 15,080 square metres and a gross plot ratio of 2.8. Upon acceptance of the...
A 30-storey hotel is set to be built on a reserve site at Gopeng Street/Peck Seah Street, the Urban Redevelopment Authority revealed on Thursday. The land parcel, which spans just over 2,300 square metres, is one of the two new hotel sites being released under the government land sales programme for the first half of 2008. The 99-year leasehold site can generate a maximum permissible gross floor area of...
Parkway Holdings had its steepest decline in more than six years on concern the company’s $1.25 billion bid for a new hospital site was too high. The bid by Parkway, Singapore’s largest private hospital operator, is as much as five times the price offered by rival Raffles Medical Management, the Urban Redevelopment Authority said. Parkway will be able to build a hospital on the 1.7-hectare site in...
Parkway Life Reit, which derives its revenue from the rental of healthcare space, will make its own independent assessment whether to acquire a new hospital whose site its parent company Parkway Holdings made a record bid for. The $1.25 billion bid by Parkway Holdings - about five times that of rival Raffles Medical - for the Novena site on which the hospital will be built has raised concerns among...
Parkway Holdings has put in a top bid to buy land to develop a new hospital at the junction of Novena Terrace and Irrawaddy Road. It has offered S$1.25 billion for the site, which is double its nearest rival and five times more than the third-placed bidder. Parkway's bid works out at around $185,000 per square foot of gross floor area. This is the first private hospital site made available by the...