Tender for executive condo site at Anchorvale Crescent launched; good response expected

SINGAPORE – The tender for an executive condominium (EC) site along Anchorvale Crescent in Sengkang has been launched from the reserve list of the Government Land Sales (GLS) Programme.

Its tender was triggered last month with a successful application by an unnamed developer committed to a bid of at least $255 million for the 99-year leasehold site. The Housing Board (HDB), acting as state land sales agent for this site, said on Friday (Aug 10) that any tender below that price will not be accepted.

The minimum price works out to nearly $461 per square foot per plot ratio (psf ppr). Continue reading

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Anchorvale EC site triggered for launch

A 99-year leasehold site for executive condominium (EC) housing development at Anchorvale Crescent has been triggered for launch from the reserve list of the Government Land Sales (GLS) programme.

This follows a successful application by an unnamed developer to bid at least $255 million for the site at tender. This works out to nearly $461 per square foot per plot ratio (psf ppr).

The 1.71ha site can be developed into a maximum of 550 residential units. ECs are a public-private housing hybrid. Continue reading

Canberra Link EC site likely to see hot bidding

The scarcity of land parcels released to build executive condominiums (ECs) could see developers turning their attention to the plots in Canberra Link and Anchorvale Crescent under the Government Land Sales (GLS) programme, consultants say.

The Canberra Link site was launched yesterday for sale under the confirmed list of the H1 2018 GLS programme, while the site in Anchorvale Crescent was released for application under the reserve list. Sites on the reserve list will be put up for tender only when a developer has indicated a minimum price that is accepted by the Government.

They join a private residential site in Jalan Jurong Kechil, for sale on the confirmed list, and another site in Clementi Avenue 1, under the reserve list. Together, these four sites can yield about 1,920 residential units. Continue reading

Four private housing sites released for sale, including two EC parcels

SINGAPORE – Four residential sites were released for sale on Thursday (June 28) under the first-half 2018 Government Land Sales (GLS) Programme.

The private residential site at Jalan Jurong Kechil was launched by the Urban Revelopment Authority (URA), and the executive condominium site (EC) at Canberra Link was launched by the Housing & Development Board (HDB) under the Confirmed List.

Two other sites on the Reserve List are available for application. They include a URA site at Clementi Avenue 1 and another HDB executive condominium (EC) site at Anchorvale Crescent. These will be put up for tender only when a developer has indicated a minimum price that is accepted by the government. Continue reading

Major developers vying for site in Sengkang Central

Some big-name developers are in the hunt for a commercial and residential site in Sengkang Central, with seven bids lodged at the tender closing yesterday.

Most of them joined forces in joint ventures for the government land sale site, which was put on sale via what is called a dual-envelope system. There was a joint bid from CapitaLand and City Developments (CDL), and one from Wing Tai Holdings and Keppel Land. Perennial Real Estate Holdings and Qingjian Realty also tabled a bid together.

Singapore Press Holdings again tied up with Japanese developer Kajima Development, while Chinese developers MCC Land and Grantral Land, which owns Grantral Mall here, joined forces. Continue reading

Dairy Farm Road site likely to attract keen bidding

A 99-year leasehold site in Dairy Farm Road launched yesterday under the confirmed list of the Government Land Sales (GLS) programme is expected to see keen interest from developers, market watchers said.

There is also a strong prospect that two reserve list sites – one in Sims Drive and the other in Tampines Avenue 10 – will be triggered for sale, they added.

Collectively, the three sites can yield some 1,880 residential units. Continue reading

URA, HDB release sale sites in Dairy Farm Road, Sims Drive and Tampines Avenue 10

SINGAPORE – The Urban Redevelopment Authority (URA) and the Housing Board (HDB) have released three sites with residential components for sale in Dairy Farm Road, Sims Drive and Tampines Avenue 10.

These come under the first half of the 2018 Government Land Sales programme, the authorities announced on Thursday (May 31).

For sale is one Confirmed List site in Dairy Farm Road launched for residential development with commercial uses on the first storey. This land parcel has a site area of 19,647.5 sq m, with a 99-year lease period, and a permissible gross floor area (GFA) of 41,260 sq m. Continue reading