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...
New Upper Changi Road
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...
The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two sites for sale. The land parcel at Commonwealth Avenue was launched for sale on Tuesday under the Confirmed List. In addition, New Upper Changi Road (Parcel B) is also made available for sale on the Reserve List. Together, these two sites can yield about 1,300 residential units. Both are 99-year leasehold...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at New Upper Changi Road to Sherwood Development Pte Ltd, a unit of Keppel Land. The company submitted the highest bid in the tender at about S$434.5 million for the 3.18-hectare site. Experts said the breakeven cost is estimated to range from S$1,150 to $1,250 per square foot and the selling price is likely to be...
A residential site at New Upper Changi Road attracted 11 bids at the close of tender by the Urban Redevelopment Authority (URA) on Tuesday. The highest bid of about S$434.5 million for the 3.18-hectare site came from Sherwood Development, a unit of Keppel Land. This works out to about S$791 per square foot per plot ratio (psf ppr). Sherwood Development's bid was 7.1 per cent higher than the next highest...
The Housing and Development Board (HDB) has awarded the tender of a site at New Upper Changi Road/Bedok North Drive to joint bidders Brilliance Residential and Brilliance Trustee. The companies submitted the highest bid of S$788.9 million for the site, which is meant for mixed commercial and residential development integrated with a bus interchange. The site has a land area of 24,902 square metres and a...
A Housing and Development Board (HDB) site at New Upper Changi Road/Bedok North Drive has attracted 9 bids at the close of its tender on Wednesday. The highest bid for the mixed commercial and residential site came from a joint bid by two companies - Brilliance Residential and Brilliance Trustee - for S$788.8 million. That translates to about S$9,051 per square metre per gross floor area. The next...
The Housing and Development Board (HDB) is launching for sale a site at New Upper Changi Road and Bedok North Drive. The site is zoned for mixed commercial and residential development and will be integrated with a bus interchange. The site area spans 24,902 square metres, with a permissible gross floor area of 87,157 square metres. It has a lease term of 99 years and is being made available under the...
The URA has closed the tender on a residential site along New Upper Changi Road, with the highest bid coming in at S$84 million from TID. This translates to S$282 per square foot (psf) per plot ratio, said CB Richard Ellis. The 9,875.5 square metre site attracted seven bidders. CB Richard Ellis said the high number of bidders showed that developers still have an appetite for favourable sites even in the...
Capitol Centre at Stamford Road may be demolished to make way for a new hotel to meet demand for hotel rooms. The location is one of eight confirmed sites that have been released for sale, under the Government's Land Sales programme. The Ministry of National Development also announced on Thursday that it will release enough land to potentially build nearly 8,000 private residential units, in the second...