Urban Redevelopment Authority

New cooling measures not likely anytime soon

The government is unlikely to impose new cooling measures in the immediate term, taking into consideration the current economic conditions and the effectiveness of the previous policies, according to Png Poh Soon, Head of Research at Knight Frank Singapore. His comments come after the Urban Redevelopment Authority (URA) released its flash estimates for Q3 2012 which shows that private home prices...

Private residential prices increased by 0.4% in 2Q 2012

The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2012. Prices of private residential properties increased by 0.4% in 2nd Quarter 2012, compared to the 0.1% decrease in the previous quarter. Prices of non-landed properties in Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.6% and 0.4% respectively in 2nd Quarter 2012, compared to...

Private home prices up marginally in Q2: URA

Prices of private homes rose marginally by 0.4 per cent in Q2 2012, according to the Urban Redevelopment Authority's flash estimates. In Q1 2012, private residential properties saw the first quarterly price fall of 0.1 per cent since Q2 2009, following nine consecutive quarters of declining price increases. URA said prices of non-landed private residential properties increased by 0.6 per cent in the core...

6 bids for tender at Farrer Drive residential site

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Farrer Drive today. The site at Farrer Drive was launched for sale by public tender on 24 May 2012. It was originally on the Reserve List of the Government Land Sales Programme. URA had, on 11 May 2012, accepted a successful application for the site to be put up for sale. The site was offered for sale on a 99-year...

Award of tender for residential site at Buangkok Drive / Sengkang Central

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Buangkok Drive / Sengkang Central to White Haven Properties Pte. Ltd, a unit of Singapore-listed City Developments (CDL). The company submitted the highest bid in the tender for the site at S$301 million. The residential site was launched for sale by public tender on 16 April 2012 and closed on 12 June 2012. The...

Singapore new home sales down 32%

Private home sales in Singapore saw a big decline of 23 percent month-on-month in May. Excluding executive condominiums (ECs), the drop in sales was even more significant at 32 percent from the previous month. According to data released by the Urban Redevelopment Authority, 1,702 new private residential units, excluding executive condominiums (ECs), were sold in May, down from April's record 2,487 units...

Tender closing for residential site at Buangkok Drive / Sengkang Central

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Buangkok Drive / Sengkang Central today. The site at Buangkok Drive / Sengkang Central was launched for sale by public tender on 16 April 2012. The site was offered for sale on a 99-year lease. The land spans about 18,340 square metres with a maximum gross floor area of 55,023 square metres. White Haven Properties, a...

Award of Tender for Residential Site at Pasir Ris Drive 3

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Pasir Ris Drive 3 to Capital Development Pte. Ltd. The company submitted the highest bid at S$211.0 million in the tender for the site. The tender attracted a total of five bids. The residential site was launched for sale by public tender on 16 April 2012 and closed on 5 June 2012. The land parcel was offered...

Tender closing for residential site at Pasir Ris Drive 3

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Pasir Ris Drive 3 today. The site at Pasir Ris Drive 3 was launched for sale by public tender on 16 April 2012. The site was offered for sale on a 99-year lease. The site area is of 22,317 m2 and the maximum permissible GFA is of 46,867 m2. A total of 5 bids were presented. The highest tenderer is Capital Development...

URA releases hotel site at Jurong Town Hall Road on the Reserve List

The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the hotel site at Jurong Town Hall Road today. This is the first hotel site to be made available for sale in the Jurong Lake District. The land parcel at Jurong Town Hall Road is made available for application under the Reserve List of the 1st half 2012 Government Land Sales (GLS) Programme. This first hotel site is...

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