The tender for an industrial site at Playfair Road has attracted strong bids. There were 12 bids for the 8,600 square metre site. The highest bid of S$33 million was submitted by Trio Link Development. It works out to about S$142 per square foot per plot ratio. According to property consultants CB Richard Ellis, this was the highest bid ever for a 60-year leasehold industrial site. The Playfair Road...
Land Sales
A 1.2-hectare residential site at West Coast Crescent is up for sale by public tender. Property consultants Knight Frank expects the 99-year leasehold parcel to fetch up to S$112 million. This will work out to S$310 per square foot per plot ratio. The site opposite West Coast Park has a maximum permissible gross floor area of 33,600 square metres. There is a height limit of 36 storeys. According to...
Chiu Teng Estates has put in the top bid of S$14.8 million for a 99-year leasehold commercial site at Jalan Sultan. This works out to S$10,480 per square metre per site area. It is also just S$1.2 million more than the second highest bid. The tender attracted 20 bids in all. Meanwhile, the Urban Redevelopment Authority has decided to reject the only bid submitted for the transitional office site at...
Three more properties have been put up for tender by the Singapore Land Authority (SLA) for office and other uses. One site at Queensway is the former Alexandra fire station, which includes the former Singapore Civil Defence Camp. The tender will open this month for the two-storey building, with tenancy renewable up to 2015. Another two-storey building is the office formerly occupied by the Civil...
Sentosa Cove is launching its final condominium development land parcel. The Pinnacle Collection has a reserve price of S$964 million or S$1,600 per square foot per plot ratio. The 230,000 square feet site has a maximum permissible gross floor area of over 600,000 square feet. A condominium with about 360 luxury apartments can be built on the ocean-front site. The 20-storey building will be the tallest...