Hock Lian Seng wins Kaki Bukit site for S$27.3m
Singapore-listed civil engineering group Hock Lian Seng Holdings has won the tender for an industrial site at Kaki Bukit Road 5 / Kaki Bukit Avenue 6 for S$27.3 million, according to Urban Redevelopment Authority data.
The company had submitted the highest bid of about S$140 per sq ft of gross plot ratio for the 30-year leasehold site.
The 140,708-sq-ft -site is zoned for “Business 2” development and has a maximum gross plot ratio of 1.4.
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Posted in Government, Property Market / Real Estate
Tagged GLS, Government Land Sales, Hock Lian Seng Holdings, Kaki Bukit Road 5 / Kaki Bukit Avenue 6, Singapore Property Market, Singapore Real Estate
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
Comments Off on URA awards Pasir Ris Drive 3 residential site to Capital Development
Posted in Government, Property Market / Real Estate
Tagged Capital Development, Eng Seng Lee Construction Co, GLS, Government Land Sales, Pasir Ris Drive 3 residential site, Singapore Property, Singapore Real Estate
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