THE trustees of an estate that holds a 25,741-square-foot freehold site on the ultra-prime Cuscaden Road are putting the property up for sale by tender. The site has a gross plot ratio of 4.2 times, which implies a gross floor area of about 108,112 square feet. Although a detached house currently sits on the site, the site has been zoned as "hotel" in the 2014 Master Plan. JLL, which has been engaged...
Land Sales
A commercial and residential site at Bukit Batok West Avenue 6 has been launched for sale under the Confirmed List of the First Half 2016 Government Land Sales Programme. The site can potentially yield about 425 homes and a maximum gross floor area of 6,000 sqm for commercial use, the Urban Redevelopment Authority (URA) said on Wednesday (Mar 30). The tender for the site will close at noon on May 24....
One Confirmed List site at Tampines North Drive 3 (Plot 3) and one Reserve List site at Tuas South Link 1 (Plot 1) have been launched for sale by public tender, JTC announced on Tuesday (Feb 23). The 0.58 ha site at Tampines North Drive 3 (Plot 3) has a 20-year tenure with a maximum permissible gross plot ratio of 2.5. The tender for this site closes on Apr 19, 11am. On the other hand, the 3.33 ha...
The tender for a residential site at New Upper Changi Road / Bedok South Avenue 3 has been awarded to CEL Residential Development, the Urban Redevelopment Authority announced on Friday (Feb 26). The site is situated near the Tanah Merah MRT station and multiple condominium developments. CEL Residential Development put in the highest bid in the tender - S$419 million - for the site, said URA. A total...
A residential site at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) has attracted eight bids at the close of tender, the Urban Redevelopment Authority (URA) said on Tuesday (Feb 23). The top bid came from Chip Eng Seng's CEL Residential Development, which offered S$419.38 million. This translates to about S$8,186.54 per square metre. The second highest bid of S$415.89 million was submitted by...
DESPITE sluggish EC sales, the top bid for an executive condo site in the Hougang/Yio Chu Kang area has come in towards the high end of market expectations. The 99-year leasehold site is not near any MRT station but is considered attractive as it is nestled in an established HDB estate, which provides a catchment of potential buyers for the future EC project, and is near amenities (including Hougang 1...
The Housing & Development Board (HDB) has launched a residential site at Yio Chu Kang Road for sale by public tender under the Confirmed List of the second half 2015 Government Land Sales (GLS) Programme, it announced on Tuesday (Dec 29). A residential site at Sumang Walk has also been released for application under the Reserve List. Both sites can potentially yield about 1,300 residential units in...
The Ministry of Trade and Industry (MTI) on Monday (Dec 28) launched 10 sites for sale under the Industrial Government Land Sales (IGLS) Programme for the first half of 2016. In a media release, MTI said there will be six sites in the Confirmed List and four sites in the Reserve List, with a total site area of 12.24 ha. This is fewer than the 10 sites on the Confirmed List of the IGLS Programme in...
Two Confirmed List sites at Tampines Industrial Drive (Plot 5) and Tuas South Link 2 (Plot 9) have been launched for sale by public tender, JTC announced on Tuesday (Dec 29). The launches are under the second half 2015 Industrial Government Land Sales Programme. The 0.51 ha site at Tampines Industrial Drive (Plot 5) and the 0.48 ha site at Tuas South Link 2 (Plot 9) are zoned for Business-2...
THE Singapore Government Land Sales programme (GLS) for the first half of 2016 will comprise four sites on the Confirmed List and 12 sites on the Reserve List. In all, these sites can yield up to 7,420 private residential units, including 1,460 executive condominium (EC) units, and 272,600 square metres gross floor area (GFA) of commercial space, the Ministry of National Development said on...