2-envelope government land tender for Holland Village site draws 15 bids

SINGAPORE – A government tender for a plum 99-year leasehold commercial and residential site in Holland Road closed on Tuesday (March 20), attracting a total of 15 bids.

Some developers have placed multiple bids with different concept proposals for the site.

Under the dual-envelope concept and price tender mode for the site’s sale, the Urban Redevelopment Authority, which conducted the tender, has released only the names of the bidders but not their bid prices. Continue reading

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URA launches 2 residential sites for sale under GLS

Two residential sites – in Mattar Road and Silat Avenue – have been put on the market under the confirmed list in the Government Land Sales programme.

The Mattar Road plot, which is on a 99-year lease, is 6,230.2 sq m with a maximum gross floor area (GFA) of 18,691 sq m. It can yield an estimated 250 units.

Around 1,125 units can be built on the Silat Avenue site, which is also on a 99-year lease. It occupies 22,851.6 sq m with a GFA of 84,551 sq m. The site can have residential and commercial components on the first storey. Continue reading

Cuscaden Rd site up for tender under Govt Land Sales scheme

A prime residential site near Orchard Road that could yield up to 170 apartments was launched for sale yesterday.

The 61,596 sq ft, 99-year leasehold site has a gross floor area of 172,470 sq ft with a maximum building height of 100m.

The site, which is on the confirmed list in the Government Land Sales programme, faces Regent Singapore in Cuscaden Road and is a stone’s throw from Tanglin Mall and Camden Medical Centre. Continue reading

CDL top bidder for two of three private housing sites

City Developments (CDL) was the top bidder for two of the three private housing sites at a state tender that closed yesterday.

It lodged the top bid of $212.2 million, or $1,722 per sq ft per plot ratio (psf ppr), for a plot in Handy Road near Dhoby Ghaut MRT station.

The developer also bid $472.4 million, or $800 psf ppr, for a land parcel in West Coast Vale. Continue reading

URA launches tender for residential site in West Coast Vale

SINGAPORE – The Urban Redevelopment Authority (URA) on Tuesday (Dec 19) launched a residential site in West Coast Vale for sale by public tender.

The site was available for sale on the reserve list of the second-half 2017 Government Land Sales Programme. Earlier in the month, the URA received an application from a developer who committed to a bid price of at least S$379.988 million for the site.

The 99-year leasehold plot has a site area of 19,591.5 sq m and a permissible gross floor area of 54,857 sq m. Continue reading

No change in land supply for private homes in first-half 2018

SINGAPORE – The Government has decided to keep the total supply of land for private residential development for the first half of next year at about the same level as that for the current second half 2017 slate, citing among other factors, sufficient supply from the redevelopment of collective sale sites being generated from the private sector.

The Ministry of National Development (MND) said on Wednesday (Dec 13) morning that under its first half 2018 Government Land Sales (GLS) Programme, it will be offering land that can potentially yield about 8,045 private homes (including executive condominium or EC units) and 63,960 sq m gross floor area (GFA) of commercial space.

This is compared with the 8,125 private residential units (including EC units) and 83,590 sq m GFA of commercial space on both confirmed and reserve lists in the current second half 2017 slate. Continue reading

Fierce bidding expected for EC site in Punggol

A fierce bidding war is expected for an executive condominium (EC) site in Punggol that was released for sale yesterday.

A dozen or more developers could enter the race for the 99-year leasehold plot in Sumang Walk, which was released for sale under the second-half 2017 Government Land Sales (GLS) programme.

The site could yield 820 homes, the Housing Board said. Continue reading