Tag Archives: GLS

White Haven wins residential tender

Posted on 16 Jun 2012 | Comments Off on White Haven wins residential tender

White Haven Properties, a unit of City Developments (CDL), has won the tender for a 99-year leasehold site at Buangkok Drive/Sengkang Central for S$301 million or about S$508 a sq ft. CDL earlier said it plans to build a residential development of about 16 storeys. An estimated 580 units can be built on the site, which spans about 18,340 sq m. Property consultancy CBRE earlier said the bid works out to a break-even cost of between S$900 and S$950 per sq ft. The new development is expected to be priced at an average of S$1,040 a sq ft.

Source : Today – 2012 Jun 16

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Posted in Government, Property Market / Real Estate

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Tender for Kaki Bukit Road industrial site attracts 8 bids

Posted on 15 Jun 2012 | Comments Off on Tender for Kaki Bukit Road industrial site attracts 8 bids

The tender for an industrial site at Kaki Bukit Road 5 has attracted eight bids.

According to the Urban Redevelopment Authority (URA), civil engineering firm Hock Lian Seng Holdings put in the top bid of S$27.3 million for the site.

The other seven bids lodged range from S$14.0 million to S$26.6 million.

URA closed the tender for the industrial site at Kaki Bukit Road 5 on Thursday.

The 30-year leasehold site spans 13,072.2 square metres.

It can be developed for various uses such as light industry, general industry, utilities or telecommunication uses as permitted under the Planning Act.

Source : CNA – 2012 Jun 15

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Posted in Government, Office / Retail / Industrial

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