The Urban Redevelopment Authority (URA) has closed the tender for a 53,200-square metre residential site at Choa Chu Kang Drive. The highest offer for the site was for S$116 million, which translates to S$203 per square foot. The offer was submitted by Tian Hock Properties. Li Hiaw Ho, executive director of CBRE Research said given the top bid of S$203 per square foot and an estimated breakeven cost of...
Urban Redevelopment Authority
SOON, when someone claims there is nothing to do in Singapore, you can tell him to go fly a kite. Or cycle around the island, literally. Alternatively, he can relax amid the rustic charms of Changi on a spa treatment table, soak up the carnival atmosphere at night festivals down by the Singapore River and Bras Basah area, or take in a theatre performance at the nearest community centre. Apart from a more...
In the near future, one will be able to stroll, jog or cycle around the whole of Singapore just by following an extensive route. The Urban Redevelopment Authority (URA) is developing a 150-kilometre round-island path as part of its Leisure Plan. Overview of Gardens by the Bay site National Development Minister Mah Bow Tan revealed details of new recreational options at the Architectural Design Awards...
The Urban Redevelopment Authority (URA) has launched a residential site at Woodleigh Close for sale by public tender. At 1.08 hectare, market watchers said about 260-290 apartment units can be built on the plot of land, which is located near to the Potong Pasir MRT station. A new 99-year leasehold project in the location is expected to fetch prices of around S$800 psf. This will translate to a possible...
The Urban Redevelopment Authority (URA) has rejected the highest bid for the residential site at Choa Chu Kang Road/Woodlands Road. In a press release out on Friday, the URA said the price offered was too low. The top bid came in at S$61 million, which works out to about S$1,750 per square metre of gross floor area. There was only one other offer at S$45.6 million. The land parcel - offered on a 99-year...
Higher plot ratios and integrated developments with greenery and other features are among the wish lists of industry players, who are anticipating significant changes to the government's new Draft Master Plan. The master plan, expected to be released soon by the Urban Redevelopment Authority, will guide Singapore's land use over the next 10 to 15 years. Buildings in Singapore may get even taller, if...
Prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months, according to flash estimates released by the HDB. The increase was lower than the 5.7 percent pace in the fourth quarter. The slower rise in resale flat prices comes as no surprise to industry watchers who attribute it to the cautious sentiment in the overall property market. They say buyers are not...
AFTER property fever hit euphoric levels last year, flash estimates from the Housing and Development Board and the Urban Redevelopment Authority (URA) show the growth in real estate is slowing down significantly. The index for the private home market showed prices rose 4.2 per cent in the first three month, down from the last quarter’s 6.8 per cent growth. And looking ahead, some property watchers are...
A hotel site at Balestier Road has been launched for sale. The 1.77-hectare plot is one of two hotel sites on the Confirmed List of the Government Land Sales Programme for the first half of this year.But for the first time, the government has made developing a park a requirement as part of the tender. Balestier Road is buzzing with activity. And adding to it will be a new contemporary hotel which draws...
Balestier Road site will face Sun Yat Sen Memorial Hall IMAGINE a hotel development in the midst of a public park. Better still, one that blends in with the area’s heritage. That could soon be a reality following the Urban Redevelopment Authority’s (URA) launch of a land parcel for sale by tender off Balestier Road. The site, located across the Sun Yat Sen Nanyang Memorial Hall, will be nestled in...