Category Archives: Government

Hotel site at Jurong Lake District up for sale by tender

Posted on 29 May 2012 | Comments Off on Hotel site at Jurong Lake District up for sale by tender

The Urban Redevelopment Authority (URA) has placed the first hotel site at the Jurong Lake District for sale by tender.

With a land area of 0.9 ha, the land parcel at Jurong Town Hall Road is expected to generate a gross floor area of about 19,000 square metres.

In a press release, URA said the proposed hotel development with a garden setting will contribute to transforming the Jurong Lake District into “a unique lakeside destination for business and leisure.”

The 99-year leasehold site is made available for application under the Reserve List of the 1st half 2012 Government Land Sales (GLS) Programme.

Under the Government’s Reserve List system, the land parcel at Jurong Town Hall Road will be released for sale if the criteria for the triggering of the site is met.

When the site is put up for tender, a tender period of about 6-8 weeks will be allowed before tender closes.

Source : CNA – 2012 May 29

Comments Off on Hotel site at Jurong Lake District up for sale by tender

Posted in Government

Tagged , , , , , , ,

Residential site at Hillview Ave up for sale by tender

Posted on 24 May 2012 | Comments Off on Residential site at Hillview Ave up for sale by tender

A freehold residential site at Hillview Avenue which is currently occupied by Lam Soon Industrial Building has been put up for sale by tender.

The site at 63 Hillview Avenue, off Upper Bukit Timah Road, has a total size of 230,915 square feet.

Under the 2008 Master Plan, the site is zoned for “Residential” use with a gross plot ratio of 1.92.

Marketing agent Colliers International said the indicative price for the site is S$330 million, or S$925 per square foot per plot ratio.

Tang Wei Leng, executive director of Investment Services of Colliers International, said the site can be re-developed into a 10-storey residential development comprising 370 units of 1,200 sq ft each.

She added that given the strong demand for light industrial buildings, the buyer may also consider additions and alteration works to retain the existing industrial building.

The current Lam Soon Industrial Building is a 10-storey light industrial development comprising a total of 154 warehouses and light industrial factories.

The tender will close on June 28 at 3pm.

Source : CNA – 2012 May 23

Comments Off on Residential site at Hillview Ave up for sale by tender

Posted in Government, Office / Retail / Industrial, Property Market / Real Estate

Tagged , , , ,