New Reporter
16-11-23, 14:37
Holland Drive, Upper Bukit Timah reserve list sites put up for offers
Nov 16, 2023
https://i.imgur.com/cslL5Tm.png
An estimated 680 residential units can be built at the Holland Drive site.
PHOTO: URBAN REDEVELOPMENT AUTHORITY
TWO residential sites in Holland Drive and Upper Bukit Timah are now available for application, the Urban Redevelopment Authority said on Thursday (Nov 16).
The 99-year leasehold sites can yield over 1,000 private housing units in total and have been released under the Government Land Sales programme’s Reserve List for the second half of 2023.
Under the reserve list system, a land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the government and if there is sufficient market interest. These two sites come on the heels of recently concluded tenders for plots of land at Clementi, Pine Grove and Toa Payoh.
Separate joint ventures involving MCL Land emerged as the highest bidders for the Clementi and Pine Grove sites, which can yield an estimated 501 units and 565 units, respectively.
The winning bid for the Clementi Avenue 1 plot was nearly S$633.45 million or S$1,250 per square foot per plot ratio (psf ppr). For the Pine Grove plot, MCL Land teamed up with Sinar Mas Land to place the top bid of nearly S$692.4 million or S$1,223.30 psf ppr.
A consortium comprising City Developments Limited, Frasers Property and Sekisui House clinched the tender for the Toa Payoh Lorong 1 site for S$968 million or S$1,360 psf ppr. The Toa Payoh site can yield an estimated 775 private housing units.
The tender results for the Clementi, Pine Grove and Toa Payoh sites were broadly in line with the expectations of market watchers The Business Times interviewed. While there were fewer developers participating, those who did were willing to place bullish bids in order to secure the top position, the analysts said.
An estimated 680 residential units can be built at the Holland Drive site. It spans 12,386.8 square metres (sq m), with a maximum gross floor area (GFA) of 58,218 sq m. The site is also near Holland Village MRT station.
It includes a low-rise zone, where buildings can only be built up to six storeys and a high-rise zone with a maximum building height of 164 m Singapore height datum (SHD).
Meanwhile, the Upper Bukit Timah site is located at De Souza Avenue, with the potential to build about 355 residential units on the 19,245.2 sq m plot. Buildings should be at most 153 m SHD or 10 storeys high.
The site has a maximum GFA of 30,793 sq m and a minimum of 500 sq m of GFA should be set aside for childcare services.
https://www.businesstimes.com.sg/property/holland-drive-upper-bukit-timah-reserve-list-sites-put-offers
Nov 16, 2023
https://i.imgur.com/cslL5Tm.png
An estimated 680 residential units can be built at the Holland Drive site.
PHOTO: URBAN REDEVELOPMENT AUTHORITY
TWO residential sites in Holland Drive and Upper Bukit Timah are now available for application, the Urban Redevelopment Authority said on Thursday (Nov 16).
The 99-year leasehold sites can yield over 1,000 private housing units in total and have been released under the Government Land Sales programme’s Reserve List for the second half of 2023.
Under the reserve list system, a land parcel will only be released for sale if it receives an offer of a minimum price that is acceptable to the government and if there is sufficient market interest. These two sites come on the heels of recently concluded tenders for plots of land at Clementi, Pine Grove and Toa Payoh.
Separate joint ventures involving MCL Land emerged as the highest bidders for the Clementi and Pine Grove sites, which can yield an estimated 501 units and 565 units, respectively.
The winning bid for the Clementi Avenue 1 plot was nearly S$633.45 million or S$1,250 per square foot per plot ratio (psf ppr). For the Pine Grove plot, MCL Land teamed up with Sinar Mas Land to place the top bid of nearly S$692.4 million or S$1,223.30 psf ppr.
A consortium comprising City Developments Limited, Frasers Property and Sekisui House clinched the tender for the Toa Payoh Lorong 1 site for S$968 million or S$1,360 psf ppr. The Toa Payoh site can yield an estimated 775 private housing units.
The tender results for the Clementi, Pine Grove and Toa Payoh sites were broadly in line with the expectations of market watchers The Business Times interviewed. While there were fewer developers participating, those who did were willing to place bullish bids in order to secure the top position, the analysts said.
An estimated 680 residential units can be built at the Holland Drive site. It spans 12,386.8 square metres (sq m), with a maximum gross floor area (GFA) of 58,218 sq m. The site is also near Holland Village MRT station.
It includes a low-rise zone, where buildings can only be built up to six storeys and a high-rise zone with a maximum building height of 164 m Singapore height datum (SHD).
Meanwhile, the Upper Bukit Timah site is located at De Souza Avenue, with the potential to build about 355 residential units on the 19,245.2 sq m plot. Buildings should be at most 153 m SHD or 10 storeys high.
The site has a maximum GFA of 30,793 sq m and a minimum of 500 sq m of GFA should be set aside for childcare services.
https://www.businesstimes.com.sg/property/holland-drive-upper-bukit-timah-reserve-list-sites-put-offers