Category Archives: Government

13 bids for residential site at Tanah Merah Kechil Road

Posted on 1 Aug 2012 | Comments Off on 13 bids for residential site at Tanah Merah Kechil Road

The Urban Redevelopment Authority (URA) closed the tender for the residential site at Tanah Merah Kechil Road today.

The site at Tanah Merah Kechil Road was launched for sale by public tender on 20 June 2012. The site was offered for sale on a 99-year lease.

The 13,998.5m2 site is located within an established private residential estate and is close to Tanah Merah MRT Interchange station. It is also easily accessible by expressways such as East Coast Parkway and Pan Island Expressway.

A total of 13 tenders were received. The highest bidder is by Fragrance Group Limited and World Class Land Pte Ltd at S$285.215 million. This also translates to S$676 per square foot per plot ratio (psf ppr).

The breakeven price of between S$1,000 to S$1,100 per sq ft is expected.

The top bid is 1.8 per cent higher than the second bidder, Areca Investments Pte Ltd.

A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

Source URA 2012 Jul 31

 

 

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URA launches tender for sites at Farrer Road and Tai Thong Crescent

Posted on 31 Jul 2012 | Comments Off on URA launches tender for sites at Farrer Road and Tai Thong Crescent

The Urban Redevelopment Authority (URA) has launched the residential site at Farrer Road and another residential with 1st storey commercial site at Tai Thong Crescent for sale by public tender today. The sites were made available for sale through the Reserve List system on 30 Apr 2012 and 15 May 2012, respectively.

On 11 July 2012, URA announced that it had received an application from a developer to put up the land parcel at Tai Thong Crescent for public tender at a bid price of not less than $154,474,200.

On 18 July 2012, URA announced that it had received an application from a developer to put up the land parcel at Farrer Road for public tender at a bid price of not less than $28,888,000.

Land Parcel at Tai Thong Crescent (Parcel C)
With a land area of about 0.82 ha, the residential with 1st storey commercial site is expected to generate a gross floor area of about 28,702 m2.
The land parcel is located near Potong Pasir MRT Station and is well connected to major arterial roads and expressways such as Upper Serangoon Road, Pan-Island Expressway (PIE), Central Expressway (CTE) and Kallang Paya-Lebar Expressway (KPE).

Land Parcel at Farrer Road
With a land area of about 0.27 ha, the residential site is expected to generate a gross floor area of about 3,839 m2.
The land parcel is located near Botanic Gardens MRT Station and is well connected to major arterial roads and expressways such as Bukit Timah Road, Dunearn Road, Farrer Road and Pan-Island Expressway (PIE).

Source URA – 2012 Jul 30

 

 

 

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