SINGAPORE – The tenders for two state-owned plots that closed on Thursday (June 2) were a mixed bag, with developers keen to open their chequebooks for a site in Pine Grove while a mega-site in Dunman Road got a bit of a cold shoulder. The results reflect the mood among developers, which are keen to bid for[…]
SINGAPORE – Three 99-year leasehold private home sites were released by the Urban Redevelopment Authority (URA) on Tuesday (May 17), with market experts expecting a more cautious reception from developers given ample supply in the area, rising construction costs and property cooling measures. Two of the sites – Lentor Central and Lentor Hills Road (Parcel B) –[…]
SINGAPORE – The Government’s decision to allocate a larger proportion of the Keppel Club site to public housing instead of private homes is in keeping with efforts to ensure that the prime seafront area does not become an enclave for the wealthy but is accessible to ordinary Singaporeans. This especially as more economic value could have[…]
SINGAPORE – A mega site in Dunman Road was put up for sale by public tender on Monday (March 14), following the launch of a smaller plot in Pine Grove last week, in a bid to beef up private housing supply as unsold new stock hits record lows. Located next to Dakota MRT station and the Geylang River,[…]
SINGAPORE – Keen bids for two state tenders that closed on Tuesday (March 8) indicated that developers are replenishing their land bank amid the latest round of property curbs in December 2021, and with the inventory of unsold private residential units at a record low. Records were smashed when a leasehold executive condominium (EC) site at[…]
SINGAPORE – One of two Pine Grove residential sites was put up for sale by public tender on Thursday (Feb 24), in a move to increase private housing supply in the face of dwindling units and pent-up demand in the city-fringe area. The 99-year leasehold plot of 22,534.7 sq m has a maximum gross floor area[…]
SINGAPORE (THE BUSINESS TIMES) – Tenders for residential sites in Jalan Tembusu and Lentor Hills Road Parcel A have been awarded to their respective highest bidders, announced the Urban Redevelopment Authority (URA) in a press statement on Wednesday (Jan 26). Through its wholly owned subsidiary CDL Triton, City Developments (CDL) beat seven other bidders to win the 210,622 sq[…]
SINGAPORE – The results of the first two state tenders that closed on Tuesday after new cooling measures were introduced indicated that developers are still land hungry but more cautious. Eight bidders had vied for a 99-year leasehold residential site at Jalan Tembusu near the East Coast, and their keen interest helped set a new high in[…]
SINGAPORE – An executive condominium (EC) site in Bukit Batok West Avenue 8 was launched for sale via public tender on Thursday (Dec 23). The site has a lease period of 99 years and can potentially yield about 375 residential units. It was launched by the Housing Board under the second-half 2021 government land sales[…]
SINGAPORE – The Urban Redevelopment Authority launched the tender of a residential site in Dairy Farm Walk on Thursday (Oct 21), which is expected to garner a good number of bids from developers. Spanning 15,663 sq m, the parcel in Upper Bukit Timah has a maximum gross floor area of 32,893 sq m and can[…]
SINGAPORE – A plum site at Marina View has been awarded to its sole bidder – a unit of Malaysia’s IOI Properties Group – for $1.508 billion. The bid of $1,508,000,101 was just $101 above the $1.508 billion minimum price that triggered the launch of the 99-year leasehold plot, the Urban Redevelopment Authority said on[…]
SINGAPORE (THE BUSINESS TIMES) – Two residential-cum-commercial sites at Slim Barracks Rise in Buona Vista attracted 10 bids each, said the Urban Redevelopment Authority (URA) after the tenders closed on Tuesday. Both are 99-year leasehold sites. Land parcel A, which spans 7,957 square metres (sq m) or 85,648.4 square feet (sq ft) fetched a top bid[…]
