Club Street hotel site draws top bid of $562m

A plum hotel site along Club Street in the Central Business District drew interest from hotel groups in Singapore and the region, resulting in a record price being set for 99-year leasehold land at a state tender. The eight bids were short of the dozen or more some market watchers had been expecting, but the[…]

Three bids submitted for Pasir Ris Central white site

A 3.8ha white site at Pasir Ris Central saw three bids from developers at the close of the tender yesterday. Among the bidders was Far East Organization, while Singapore Press Holdings and Kajima Development submitted a joint bid. The third bid was from Phoenix Residential and Phoenix Commercial. Both companies are owned by Allgreen Properties[…]

Fewer private homes from upcoming Govt Land Sales

19.5% drop to 6,475 units amid concerns of oversupply and slowing demand Concerns about oversupply and slowing demand following the July cooling measures and general economic uncertainty have put the squeeze on the Government’s Land Sales programme for the first half of next year. The sites listed yesterday for the first half of next year[…]

Govt releases land sites for sale

Kg Java and Tampines sites under confirmed list; Marina View plot on reserved; yield of 2,000 homes Two residential sites – in Kampong Java Road and Tampines Avenue 10 – are up for grabs under the Government Land Sales programme. A mixed-use plot in Marina View is available for application under the reserved list. The[…]

Hotel site in Club Street launched for sale by public tender

A Chinatown site slated for hotel use is up for grabs, with the Urban Redevelopment Authority (URA) yesterday launching the land parcel for sale by public tender. It did so under the confirmed list of the Government Land Sales (GLS) Programme for the second-half of this year. The 99-year leasehold 5,121.4 sq m (55,130 sq[…]

HDB launches Pasir Ris Central white site for public tender

A plot of land at Pasir Ris Central, earmarked for mixed-use commercial and residential developments, was launched for sale yesterday by the Housing Board, as part of its “Remaking Our Heartland” move to rejuvenate Pasir Ris Town. Spanning 3.8ha, the “white site” sits next to Pasir Ris MRT station and its developments have to be[…]

Anchorvale EC site triggered for launch

HDB to launch public tender for 1.71ha site in about three weeks 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[…]

Hong Leong awarded Hillview Rise 99-year site

Processes, techniques in winning proposal should significantly boost productivity: URA Developer Hong Leong Group lodged the top bid for the Hillview Rise residential site in a tender that stressed construction productivity using innovative methods. The firm’s $460 million offer was made by two of its units for the 99-year site. Nine concept proposals were received[…]

Canberra Link EC site likely to see hot bidding

Proximity to future MRT station and limited sites for ECs make it attractive to developers 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[…]