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Land Sales

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  • Source Straits Times Created
    Thursday, 25 June 2015

    New tender called for Fernvale site originally awarded to firm for temple with columbarium

    SINGAPORE - A new tender has been called at the Sengkang site originally awarded to a commerical firm to build a Chinese temple housing a columbarium.

    An outcry from residents in the area had led the authorities to terminate the project.

    On Tuesday, the Housing and Development Board (HDB) put up a tender notice for the site at Fernvale Link for the development of a Chinese temple.

    Categories Latest | Land Sales
  • Source Straits Times Created
    Wednesday, 24 June 2015

    Freehold redevelopment residential site in Katong up for tender

    SINGAPORE - A 22,800-square-foot redevelopment site located in Katong has been put up for tender by expression of interest.

    The freehold site, located at 12/A/B/C/D Amber Road, is zoned "residential" under the 2008 Master Plan, and has an allowable gross plot ratio (GPR) of 2.8.

    JLL, the marketing agent for the site, said that the sellers are motivated to sell, and are expecting offers in the region of $60 million for the property, which works out to about $941 per square foot per plot ratio before factoring development charges.

    Categories Latest | Land Sales
  • Source Yahoo Singapore Created
    Wednesday, 24 June 2015

    Toa Payoh residential site awarded

    The Housing and Development Board (HDB) has announced that a land parcel at Lorong 6 Toa Payoh and Lorong 4 Toa Payoh which attracted strong interest from developers with 14 bids in total, has been awarded to a consortium comprising Evia Real Estate, Greatearth Pte Ltd and Gamuda Berhad.

    The developers had submitted the highest bid of $345.86 million, which translates to around $755 psf.

    Launched for sale on 29 April 2015, the 130,831 sq ft site has a maximum gross floor area of 457,909 sq ft and plot ratio of 3.5.

    Categories Latest | Land Sales
  • Source Yahoo Singapore Created
    Wednesday, 24 June 2015

    $483m top bid for Queenstown site

    A residential site at Dundee Road next to Queenstown MRT station attracted nine bids from property developers when its tender closed yesterday, revealed the Housing and Development Board (HDB). Launched for sale on 29 April 2015, the 113,194 sq ft site has a lease of 99-years and could yield 645 housing units.

    HY Realty submitted the highest bid of $483.2 million ($871 psf) followed by Allgreen Properties at $445.9 million.

    The top bid reflects the hunger (for) and confidence in this site at Dundee Road, going by its value, said Desmond Sim, Head of CBRE Research for Singapore & Southeast Asia.

    Categories Latest | Land Sales
  • Source Channel Newsasia Created
    Saturday, 20 June 2015

    Toa Payoh tender hotly contested despite sluggish new-home sales

    SINGAPORE: Despite sluggish sales of new private homes, a residential site in Toa Payoh drew a massive 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates.

    SINGAPORE: Despite sluggish sales of new private homes, a residential site in Toa Payoh drew a massive 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates.

    Categories Latest | Land Sales
  • Source Channel Newsasia Created
    Friday, 19 June 2015

    West Coast Vale site released for sale to yield nearly 600 homes

    SINGAPORE: A residential site at West Coast Vale has been released for sale under the confirmed list of the first half of the Government Land Sales (GLS) Programme, the Urban Redevelopment Authority (URA) announced on Thursday (Jun 18).

    SINGAPORE: A residential site at West Coast Vale has been released for sale under the confirmed list of the first half of the Government Land Sales (GLS) Programme, the Urban Redevelopment Authority (URA) announced on Thursday (Jun 18).

    Categories Latest | Land Sales
  • Source Channel Newsasia Created
    Friday, 19 June 2015

    Toa Payoh residential site draws 14 bids

    SINGAPORE: A residential site in Toa Payoh drew 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates.

    SINGAPORE: A residential site in Toa Payoh drew 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates.

    Categories Latest | Land Sales
  • Source Yahoo Singapore Created
    Saturday, 04 April 2015

    Paya Lebar site awarded

    A mixed-use site at Paya Lebar/Sims Avenue has been awarded to a consortium of which Australian developer Lend Lease holds a 30 percent share, revealed the Urban Redevelopment Authority (URA).

    The joint venture partners submitted the highest bid of $1.67 billion in the tender exercise which translates to $942.55 psf, earlier reports said. Read more > $1.67 billion top bid for Paya Lebar site

    The 222,756 sq ft site next to Paya Lebar Interchange MRT station could generate 1.77 million sq ft of gross floor area (GFA) for office, retail and residential purposes.

    Categories Latest | Land Sales
  • Source Yahoo Singapore Created
    Saturday, 04 April 2015

    $1.67 billion top bid for Paya Lebar site

    A large scale mixed-use development site at Paya Lebar Road/Sims Avenue attracted six bids at the close of its tender yesterday, revealed the Urban Redevelopment Authority (URA).

    The 99-year leasehold site drew a top bid of $1.672 billion or $942.55 psf from a consortium of which 30 percent is owned by Australian developer Lend Lease.

    The six bids for the Paya Lebar mixed-use site demonstrates continued confidence in Singapore as a global commercial hub, said Desmond Sim, Head of CBRE Research for Southeast Asia.

    Categories Latest | Land Sales
  • Source AsiaOne News Created
    Saturday, 04 April 2015

    Mixed-use site draws massive $1.67b bid

    A closely-watched tender for a large mixed-use site in Paya Lebar stunned the market with a staggering top bid of $1.672 billion yesterday - streets ahead of analysts' forecasts.

    The scale of the new project and its location were the site's best attributes, market watchers said. But its location above a canal entails a complex development process, drawing the bigger boys into the competition.

    Australian property developer Lend Lease - through subsidiaries Roma Central, Milano Central and Verona Central - lodged the bumper bid for the 3.9ha site, which translates to a price of $943 per sq ft (psf) per plot ratio (ppr). That trumped market expectations of a top offer between $1.24 billion and $1.51 billion, or $700 psf ppr to $850 psf ppr.

    Categories Latest | Companies | Land Sales
  • Source Channel Newsasia Created
    Thursday, 19 March 2015

    URA releases new residential sale site in Tampines for private housing

    SINGAPORE: Home buyers will have a greater variety of private housing choices with the release of a residential sale site at Tampines Avenue 10 on Tuesday (Mar 17), the Urban Redevelopment Authority (URA) said.

    SINGAPORE: Home buyers will have a greater variety of private housing choices with the release of a residential sale site at Tampines Avenue 10 on Tuesday (Mar 17), the Urban Redevelopment Authority (URA) said.

  • Created
    Saturday, 03 May 2014

    Top bid for Potong Pasir plot seen at $650-900 psf ppr

    Commercial use capped at 5,000 sq m, or 8.8% of project's maximum GFA

    A COMMERCIAL and residential site next to Potong Pasir MRT Station launched for sale on the confirmed list of the Government Land Sales Programme is expected to draw four to eight bids.

    Property consultants' forecasts for the top bid varied from $650 to $900 per square foot of potential gross floor area. The tender for the site closes on Aug 19.

    Categories Latest | Land Sales
  • Created
    Saturday, 03 May 2014

    Govt releases two sites in Potong Pasir, Sembawang for sale

    Two land sites were released for sale on Wednesday by the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB).

    Together, both sites could yield about 1,300 residential units.

    The first is a commercial and residential site at Meyappa Chettiar Road, which was launched under the confirmed list.

    Categories Latest | Land Sales

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