Daily Archives: 18 Sep 2009

Far East tops tender with bid 35% clear of field

Posted on 18 Sep 2009 | Comments Off on Far East tops tender with bid 35% clear of field

It plans Holland V-type shophouses, 150-200 apartments

The tender for a residential and commercial plot at the corner of Yio Chu Kang and Seletar roads yesterday drew 12 bids, with Far East Organization topping the list with an offer that outshone its closest competitor by a huge 35 per cent – possibly the widest margin at a state tender in recent years.

BT_IMAGES_TENDER18A

Far East’s offer of $119.08 million works out to $376 per square foot of potential gross floor area – much higher than market expectations.

The second-highest bid, by a Centurion Properties unit, was $88.19 million or $279 psf per plot ratio (psf ppr).

Sim Lian, Soilbuild Group and Frasers Centrepoint bid in the $247 to $253 psf ppr range. Continue reading →

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Posted in Developers, Property Market / Real Estate

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HDB flats linked to mall

Posted on 18 Sep 2009 | Comments Off on HDB flats linked to mall

Clementi integrated estate will also feature library and interchange
An artist’s impression of what the 40-storey integrated complex will look like (seen here). A total of 388 flats will be linked to the mall (next picture). — PHOTOS: HDB

IN A push to adapt to the modern needs of Singaporeans, a community library, air-conditioned bus interchange and even a shopping mall have been added to the list of public amenities at a new government housing estate.

The 40-storey integrated complex – located at the former Clementi bus interchange – will be the first of its kind for public housing here, said the Housing Board, which yesterday called for tenders for the sale of the complex’s 25,000 sq m mall.

It will be ready by August next year, with 388 HDB flats – ranging from three-bedroom to five-bedroom units – on offer. Continue reading →

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Posted in HDB, Office / Retail / Industrial

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