Tag Archives: GLS

Five industrial land sites launched for public tender by JTC

Posted on 30 Jun 2012 | Comments Off on Five industrial land sites launched for public tender by JTC

Five industrial land sites at Mandai Link, Tuas South Street 7 and 8, and Plot 3 Tampines Industrial Crescent have been launched for public tender by JTC Corporation.

In a statement on Friday, JTC said the 2.2 hectares (ha) Mandai Link site has a lease of 30 years and a maximum permissible gross plot ratio of 2.5. It is for Business-2 (B2) clean and light development.

The three sites at Tuas South Street 7 and 8, also zoned B2, range from 0.30 to 0.46 ha in size with a lease of 23 years each and a maximum permissible gross plot ratio of 1.0.

JTC added that these smaller plots with shorter tenure are to help meet the needs of industrialists who prefer to build their own customised facilities.

Meanwhile, the 3.88 ha site at Plot 3 Tampines Industrial Crescent has a lease of 30 years, with a maximum permissible gross plot ratio of 1.7. The site is within a bigger wafer fabrication park and is permitted for clean industrial activities that are compatible with the surrounding wafer fabrication operations.

The tenders for the sites at Mandai Link/Tuas South and Plot 3 Tampines Industrial Crescent will close at 11:00am on August 10 and August 24 respectively.

Source : CNA – 2012 Jun 29

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Posted in Office / Retail / Industrial

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Pheng Geck Avenue residential site attracts 13 bids

Posted on 29 Jun 2012 | Comments Off on Pheng Geck Avenue residential site attracts 13 bids

The land site for residential housing at Pheng Geck Avenue has attracted 13 bids at the close of tender on Thursday.

Santarli Corporation placed the highest bid of S$114.8 million for the 4,850 square metre site.

The site also 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 99-year leasehold site ranged between S$113.75 million and S$92.5 million.

According to property firm SLP International, it is the third land parcel along Pheng Geck Avenue the government had sold in the past two years.

And its S$628 per square foot per plot ratio land price made it the priciest of the three.

Meanwhile, DWG Research and Consultancy says the top bid was 3.5 percent above the bid of the nearby Nin Residence in June 2010, a project which is almost 85 percent sold.

Analysts say the strong interest from developers for the land plot is partly due to the rejuvenation that is underway in the wider Potong Pasir area.

An estimated 160 to 220 units will be built on the site and analysts expect the selling price to be between S$1,200 and S$1,400 per square foot.

The Urban Redevelopment Authority launched the site for tender in May.

It adds that a decision on the award of the tender will be made after the bids have been evaluated.

Source : CNA – 2012 Jun 28

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Posted in Government, Property Market / Real Estate

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