Topic of Interest: #Land (3,033 Articles Found)

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Future of Mandai public golf course uncertain as site put under review

The long-term future of Mandai Executive Golf Course – one of three public golf courses here – is up in the air, with plans for the site under review. Without giving a specific date, a spokesman for PUB…

Increased supply of private homes on confirmed sites a calibrated move as developers seek land

The bump in the supply of private housing on the Confirmed List under the H2 2021 GLS Programme is a calibrated move by the government – one that will nonetheless be welcomed by developers hungry to replenish their…

White site at Marina View triggered for sale at a minimum bid of $1.5 billion

An undisclosed real estate developer has triggered the release of the white site at Marina View for sale by tender. It is scheduled for launch on June 28, according to URA. The site is located near the Singapore…

Gov’t releases four confirmed sites, nine reserved sites for sale under 2H 2021

MND on Thurs unveiled four Confirmed List sites and nine Reserve List sites under the second half 2021 GLS Programme. The sites can yield around 6,860 private homes, 90,000 sqm GFA of commercial space and 530 hotel rooms.…

Goodland Group buys four shophouses on Serangoon Road for $16 mil

Goodland Group has entered into a SPA to acquire four freehold double-storey shophouses located on Serangoon Road for $16 million. The acquisition of the properties, located at 11375, 11377, 1379 and 13811 Serangoon Road, will be subject to…

After Dover, will Clementi Forest be next on the chopping board?

Trudging through the maze of vegetation, we brush off waist-high foliage lazily trawling our sides, gingerly setting shoe to soil until we finally emerge into a landscape reminiscent of Jurassic Park. With the ethereal morning mist draped across…

Bungalow deals turbo-charged by new generation of business titans

Making its debut in the bungalow market is real estate investment firm The Land Managers, founded by Andy Lim, the son of co-founder and group CEO of ARA Asset Mgmt John Lim. The Land Managers forked out $18.1…

First EC site in Tengah awarded for $400.32 million in new record

The first EC site in the “forest town” Tengah has been awarded to Taurus Properties SG for $400,318,000, HDB announced on Thurs. This translates to $603 psf ppr for the 99-year leasehold site – a record land rate…

Raising land supply may aggravate housing issues

Adjusting the ABSD remission deadline on GLS sites and allowing a change of use for hospitality properties may help reduce pressure on housing developers in the short run, amid the construction industry’s labour shortage. Those were the suggestions…

More condo sites released for H1 2021: Here’s what it’s like living there

Jalan Tembusu, estimated number of units: 640 units. Out of the two sites, this is the more centrally-located site. Currently, the nearest MRT is Dakota MRT, which is around a nine-minute bus ride. When Tanjong Katong MRT opens…

UOL-led JV wins tender for Ang Mo Kio Ave 1 residential site from Urban Redevelopment Authority

UOL Group has announced that its subsidiary United Venture Development (2021) (UVD2021) has been awarded the tender for the residential site at Ang Mo Kio Ave 1 by URA at a tender price of $381.4 million. UVD2021 is…

As developers brace for tighter margins, it’s time to rethink their traditional business models

The latest GLS tender closings point to a continuation of thin profit margins in the Singapore residential property development business. The tenders for a private condo plot along Ang Mo Kio Ave 1 and the maiden EC housing…

Is Singapore residential development a viable business?

Developers’ profit margins from Singapore private housing development projects have thinned with net margins for some private housing projects estimated to be around 10 per cent or less. While home prices are buoyant, increases in construction costs, land…

Is there an environmental cost from Singapore’s love affair with en bloc sales?

Since the 1990s, a few en bloc cycles have come and gone, with the most recent lasting from 2017 to 2018, before cooling measures put the brakes on. Analysts expected the trend to bud again this year, as…

GCB at Rochalie Drive up for sale at $40.88 mil

A Good Class Bungalow (GCB) at Rochalie Drive is on the market for $40.88 million. The bungalow was built in 1987 as a family home for a couple and their children. But after more than 30 years, the…

Two residential sites at Jalan Tembusu and Tampines Street 62 released for sale in the GLS Reserve List

Two residential sites located at Jalan Tembusu and Tampines St 62 (Parcel B) have been released for sale on Thurs under the first half of the 2021 GLS programme. URA site at Jalan Tembusu and HDB site at…

Sevens Group acquires Treasure Island bungalow in mortgagee sale for $12,900,128

When a bungalow at 8 Treasure Island in Sentosa Cove was offered for mortgagee sale at an auction in Mar this year, Eric Cheng, founder and CEO of Sevens Group, a niche landed property developer, was riveted. He…

Record bid for Tengah EC site, 15 bids for Ang Mo Kio condo plot signal developers’ hunger for land

Developers continue to be hungry for residential development land with the latest state tenders for two 99-year leasehold plots attracting top bids that were above market expectations. One of the two plots, in the new estate of Tengah…

JTC launches B2 site at Jalan Papan for sale

JTC has launched a B2 industrial site at Jalan Papan for application under the Reserve List of the 1H2021 IGLS programme. This site is the last of three Reserve List sites that were available for application. The other…

GLS site at Ang Mo Kio Ave 1 draws 15 bids with top bid of $1,118 psf

Tenders for two GLS sites closed on May 25. The larger site is a 237,029 sqft EC site at Tengah Garden Walk, and the other is a 136,479 sqft, 99-year leasehold site at Ang Mo Kio Ave 1.…

Behind the scenes of a record-breaking GCB deal at Cluny Hill

At 2 Cluny Hill, a house in the shape of a yacht is currently under construction. Even though it is another nine to 12 months before completion, the Good Class Bungalow (GCB) recently changed hands for $63.7 million…

Cluny Hill bungalow under construction sells for record S$4,291 psf

A freehold property on Cluny Hill, with a bungalow under construction, near the Singapore Botanic Gardens is in the early stages of a sale for S$63.7 million. That translates to a record S$4,291 psf on 14,843 sqft land…

The Stradia in Yio Chu Kang up for enbloc sale at $23.8 million

PropNex recently announced that freehold development The Stradia, at 78 Yio Chu Kang Road, will be put up for collective sale for $23.8 million via public tender on 6 May 2021. The owners’ reserve price of $23.8 million…

High Street Centre launches second collective sale tender

High Street Centre at 1 North Bridge Road has launched its second collective sale tender after obtaining a six-month extension granted by MinLaw. While the price of the commercial property is still on the market at the current…

Roxy-Pacific associate buys 999-year leasehold site at 11 Institution Hill for $23mil

Roxy-Pacific Holdings’ indirect associated company, Mequity Hills, has agreed to acquire a 999-year leasehold residential site for $23 million. Located at 11 Institution Hill, the site has an estimated total area of 5,539 sqft and a plot ratio…

GCB at Coronation Road West going for $37 mil amid surging prices

A Good Class Bungalow (GCB) at 24 Coronation Road West, built 50 years ago, has recently been made available for sale. For the last 30 years, it had been tenanted to a British expatriate couple who have since…

Ji Liang Gardens in Marine Parade up for collective sale with S$18.6m reserve price

Ji Liang Gardens, a freehold residential development located in Marine Parade, will be put up for collective sale on Wed via public tender with a reserve price of S$18.6 million. This translates to a land rate of S$935…

Why we think the current Singapore en bloc buzz is overhyped

1) Rising construction costs – This is something that we’ve been hearing since the pandemic started, leading to supply chain disruptions and manpower shortages. Given the risk of thinning margins and construction delays of current projects, developers may…

Detached house on Holland Road on the market for $8.5 mil

A two-storey detached house on Holland Road, located on a 999-year leasehold land plot measuring 5,147 sqft, will be put up for auction by Edmund Tie on May 25. Currently, it has a GFA of around 2,500 sqft.…

Chip Eng Seng, SingHaiyi win joint tender for enbloc acquisition of Maxwell House for $277 mil

Chip Eng Seng Corp(CES), along with SingHaiyi Group and a company associated with Hong Kong-listed Chuan Holdings, has won a joint tender for the enbloc acquisition of Maxwell House for $276.8 million. The tender was jointly submitted by…

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