Two GLS sites, namely Holland Drive and De Souza Avenue in Upper Bukit Timah, have been included in the reserve list for the second half of 2023. Despite this, analysts express doubt about immediate developer interest. These reserve-list sites, which need an application before tender, may not see bids until developers specify an acceptable minimum […]
The tenders for three state-owned plots closed on Tuesday, with fewer developers submitting bids due to higher interest rates and increased economic and geopolitical uncertainties. Nevertheless, two private housing sites, specifically Lorong 1 Toa Payoh and Pine Grove Parcel B, received top bids that exceeded market expectations. The Lorong 1 Toa Payoh and Pine Grove […]
The Urban Redevelopment Authority (URA) of Singapore recently put up a residential site in Orchard Boulevard for sale, attracting attention from market observers. The soft market sentiment is expected to make developers cautious and restrained in their bids for the property. While most analysts believe the top bid will fall in the range of S$1,378 […]
The Urban Redevelopment Authority (URA) has unveiled several proposals for its upcoming 2025 Draft Masterplan, which will guide Singapore’s land use and development plans for the next 10 to 15 years. Among the key proposals are: Centralized Housing: Plans include the development of a diverse mix of public and private housing in more central locations, […]
CBRE, the marketing agent, has announced that FAR East Shopping Centre is now available for en bloc sale, with a guide price of S$928 million. Based on a maximum building gross floor area (GFA) of 290,574 square feet (sq ft), the land rate is estimated at S$3,421 per square foot per plot ratio, assuming the […]
