MCL Land has emerged the top bidder for the residential land parcel at Margaret Drive with a bid price of S$238.39 million, pitting against 13 other bidders. This translates to S$997.85 per square foot per plot ratio (psf ppr) based on the maximum gross floor area of the site, which is big enough for 275 homes. The 99-year leasehold site is nestled within an established residential enclave near the...
Margaret Drive
A Land parcel in Margaret Drive that is big enough for 275 homes has been triggered for sale after a developer committed to bid at least S$185.76 million for it. This is a Reserve List site under the government land sales (GLS) programme that can be released for sale only when the minimum price committed by a developer is acceptable to the government. Based on the maximum gross floor area (GFA) of...
A 0.48ha Reserve List parcel at Margaret Drive that could host 275 homes is triggered for sale after a developer committed to bid at a price of not less than S$185.76 million. The Urban Redevelopment Authority said on Thursday it has accepted the application to put up the site for sale by public tender. Reserve List sites under the Government Land Sales programme are released for sale when the...
The government has released three land parcels for private housing which are expected to yield some 1,300 units. In a joint news release, the Housing and Development Board and the Urban Redevelopment Authority said those three sites are released for sale under the first half of this year's Government Land Sales programme. Two adjacent sites at Yishun Street 51 have been launched for sale under the...
Residents react, as 10 new sites for temporary housing unveiled AS THE Government unveiled 10 more sites for temporary foreign worker accommodation, some lessons appear to have hit home for residents, their representatives and policymakers alike from the Serangoon Gardens episode two months ago. In the Serangoon Gardens case, homeowners tipped off before any official announcement had opposed the idea...