Paya Lebar

Lendlease-ADIA to include 429 apartments­ in Paya Lebar project

The consortium comprising Lendlease and ­Abu Dhabi Investment Authority (ADIA) th­at last year bagged a plum site in Paya ­Lebar Central, has obtained provisional ­permission from Singapore's planning aut­hority to build a project that will comp­rise offices, retail space as well as 42­9 apartments. Going by market talk, the apartments are­ expected to be launched for sale probab­ly next...

Commercial plot at Paya Lebar Road attracts six bids

A land parcel at Paya Lebar Road/Sims Avenue for commercial development has attracted six bids at the close of its tender on Tuesday (Mar 31). The top bid of S$1.67 billion was submitted jointly by Roma Central Pte Ltd, Milano Central Pte Ltd and Verona Central Pte Ltd. This works out to S$10,145.65 per square metre of the gross floor area (GFA). Meanwhile, the lowest bid of S$889.18 million was placed...

URA releases second land parcel in Paya Lebar for sale by tender

The Urban Redevelopment Authority (URA) on Tuesday (Oct 28) announced in a media release that a second land parcel in Paya Lebar Central has been launched for sale by public tender. In Jan 2011, the first sale site was launched for tender for commercial use. With a 99-year lease period, URA said the 39,000sqm site located next to Paya Lebar Interchange MRT station will be an accessible location for...

Paya Lebar site may cost more than a billion dollars: Analysts

A commercial site along Paya Lebar Road that is expected to be launched for sale later this year could set the tone for the development of the Paya Lebar regional centre. That is according to some property analysts, who also say that any developer keen on the site may have to cough up more than a billion dollars, just in land cost alone. In October, the Government is expected to release a 4-hectare...

Bridge to link Pasar Geylang Serai to civic centre

As Pasar Geylang Serai's 50th anniversary celebrations end, the authorities are busy preparing for the next phase of the iconic market's development. A bridge will be built to connect the market to the area's upcoming civic centre - Wisma Geylang Serai - and there will also be links to the new Paya Lebar commercial hub. Pasar Geylang Serai is one of Singapore's oldest markets. To end Pasar Geylang...

Why Paya Lebar bid was rejected

The Government's intent to keep the commercial office market in Singapore competitive does not mean that it will sell State land below its fair market value, the Ministry of National Development (MND) said yesterday in response to a question asking why it rejected the joint bid from UOL Group and Singapore Land for a site in Paya Lebar. Earlier this month, subsidiaries of the two developers submitted the...

URA rejects sole bid for Paya Lebar site

The Urban Redevelopment Authority (URA) has rejected the only bid submitted by the subsidiaries of UOL Group and Singapore Land for a commercial site at Sims Avenue / Tanjong Katong Road because the price is too low. UOL Venture Investments and SL Development had submitted a joint bid of S$529.3 million, or about S$566 psf per plot ratio, for the 99-year leasehold site. "We are very disappointed that the...

URA receives 10 bids for Paya Lebar Rd/Eunos Rd site

The Urban Redevelopment Authority (URA) has closed the tender for a commercial site at Paya Lebar Road and Eunos Road 8 after receiving 10 bids. The highest bid of S$585.6 million came from joint bidders Siong Feng Development, Guthrie, and Sun Venture Commercial. The land parcel has a site area of 14,851.6 square metres and a maximum permissible gross floor area of 62,377 square metres. The site was...

Kallang, Paya Lebar to be developed as new commercial hubs

Kallang and Paya Lebar will be developed into new commercial hubs, just like the Jurong Lake District. This is part of the government's Draft Master Plan, which charts land use over the next 10 to 15 years. Marina Bay and the city centre will continue to be the key commercial node in Singapore. New growth areas like Tanjong Pagar, Beach Road and the Ophir-Rochor corridor will also be developed. However,...

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