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sumang walk ec site

SINGAPORE: A land parcel at Sumang Walk attracted 17 bids at the close of its tender on Tuesday (Feb 27).

The Housing and Development Board (HDB) said the sale site, earmarked for executive condominium (EC) housing, received a joint top bid of S$509.37 million from CDL Constellation and TID Residential. This works out to about S$6,275 per square metre of the gross floor area (GFA).

Mr Ong Teck Hui, National Director for Research at JLL, said: “At $583 psf/pr, it is a stunning top bid for the subject parcel which is way above market expectations and also a record EC unit land price. 

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Pacific Mansion sold for S980m in biggest collective sale in a decade

SINGAPORE: Pacific Mansion has been sold for S$980 million, the largest collective sale in more than a decade, real estate agency CBRE announced on Monday (Mar 19). 

In a news release, CBRE said the public tender for the property was awarded to a tripartite joint venture formed by Guocoland (Singapore), Intrepid Investments and Hong Realty.

The sale is the largest since that of Farrer Court at S$1.34 billion in 2007, according to marketing agent CBRE. It is also the largest transaction in the current en bloc cycle, exceeding Tampines Court's S$970 million and Amber Park's S$907 million, the agency added. 

Pacific Mansion is a 290-unit development comprising 288 apartments and two commercial units at River Valley Close.

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newpropertydream Jiak Kim Street Aerial view 680x453

DEVELOPERS' appetite for choice sites has shown no signs of letting up despite warnings from the government on over-exuberance in the property market.

Two residential land parcels at Jiak Kim Street and Fourth Avenue under the government land sales (GLS) programme saw keen contest on Tuesday, with Frasers Centrepoint Limited (FCL) setting a new price benchmark for the Jiak Kim Street site.

The Singapore-listed developer topped 10 bidders with its S$955.41 million tender or S$1,733 per square foot per plot ratio (psf ppr) - the highest land rate achieved for a pure residential GLS site and residential with commercial on the first storey site.

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Posted by on in Residential

newpropertydream jiakkim

SINGAPORE - Frasers Centrepoint Limited trumped nine other bidders with an offer of $955.4 million for a residential plot in Jiak Kim Street, the former site of popular nightspot Zouk.

Separately, Allgreen Holdings emerged top among seven bidders for a residential parcel in Fourth Avenue, lodging a tender of $552.96 million.

The two 99-year leasehold sites were originally on the Reserve List of the Government Land Sales (GLS) programme and were triggered for public tender after minimum acceptable bids were made.

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newpropertydream 30112017

The land parcel at Holland Road is the first sale site to be launched as part of the Holland Village Extension plan. PHOTO: URBAN REDEVELOPMENT AUTHORITY

SINGAPORE - The Urban Redevelopment Authority (URA) launched on Thursday (Nov 30) the tender for a commercial and residential site in Holland Road under a dual-envelope concept and price tender that will close on March 20, 2018.

Located near Holland Village MRT Station, the site can have a maximum gross floor area of 59,715 square metres, of which up to 13,500 sq m can be for retail use. The URA has also set a cap of 570 residential units for the project.

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