Category Archives: Government

URA awards Pasir Ris Drive 3 residential site to Capital Development

Posted on 19 Jun 2012 | Comments Off on URA awards Pasir Ris Drive 3 residential site to Capital Development

URA has awarded the tender for the Pasir Ris Drive 3 residential site to Capital Development, which submitted the highest bid of $211 million, or $418.3 psf ppr. Capital Development is the property development arm of privately held Eng Seng Lee Construction Co, which is also the developer of the 530-unit private condo Flo Residence in Punggol.

The 99-year leasehold site in Pasir Ris was launched for sale by public tender from April 16 to June 5, and received five bids. The 240,200 sq ft site has a maximum permissible GFA of 504,500 sq ft and is a short distance away from Pasir Ris Park and Pasir Ris Beach. It is served by the amenities at West Plaza and Elias Mall and a short drive to Pasir Ris MRT station and White Sands shopping mall.

Source: TheEdge – 2012 Jun 19

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Buangkok Drive site awarded for S$301m

Posted on 18 Jun 2012 | Comments Off on Buangkok Drive site awarded for S$301m

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A residential site at Buangkok Drive / Sengkang Central has been awarded to White Haven Properties Pte Ltd, according to the Urban Redevelopment Authority (URA).

The firm submitted the highest bid of S$301 million for the plot.

The 99-year leasehold site has a land area of 18,340.7 sq m and a maximum gross floor area (GFA) of 55,023 sq m.

The tender for the site was launched on 16 April and closed on 12 June, with a total of five bids received.

Source : PropertyGuru – 2012 Jun 18

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