Award of tender for residential site at Pheng Geck Avenue

Posted on 5 Jul 2012 | Comments Off on Award of tender for residential site at Pheng Geck Avenue

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Pheng Geck Avenue to Santarli Corporation Pte Ltd. The company submitted the highest bid of S$114.8 million for the 4,850 square metre site.

The site has a maximum permissible gross floor area of 16,977 square metres. This translates the top bid to about S$6,762 per square metre, or S$628.23 per square foot per plot ratio.

The other bids for this site ranged between S$113.75 million and S$92.5 million.

The residential site was launched for sale by public tender on 15 May 2012 and closed on 28 June 2012. The land parcel was offered for sale on a 99-year lease term.

Source: URA – 2012 Jul 4

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Thomson area becoming a concrete jungle

Posted on 4 Jul 2012 | Comments Off on Thomson area becoming a concrete jungle

I live in Sin Ming and was surprised recently to see a large billboard by the Housing and Development Board near my estate advertising a tender for a 99-year lease for a piece of land between my HDB estate and the Thomson View condominium.

The tender is open for a HDB estate, condominium or landed property.

There are already quite a number of building projects along Thomson Road and, given the traffic situation in the mornings and evenings, is it feasible to keep increasing the number of residents in the area without alleviating traffic conditions?

In any case, should priority for land not be given for the building of public housing over a tender for both public and private housing, or building amenities for existing residents?

Our area is cluttered with so many new buildings (including Midview City) that it has become a concrete jungle next to a natural one.

I wonder what the HDB’s take on this matter is.

From Benjamin Ho

Source : Today – 2012 Jul 3

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Posted in General, HDB

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