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Thread: Land Parcel at Upper Serangoon Road / Pheng Geck Avenue

  1. #1

    Default Land Parcel at Upper Serangoon Road / Pheng Geck Avenue

    URA launches tenders for residential sites at Hougang Avenue 2 and Upper Serangoon Road / Pheng Geck Avenue

    The Urban Redevelopment Authority (URA) launched the residential sites at Hougang Avenue 2 and Upper Serangoon Road / Pheng Geck Avenue for sale by public tender today.

    The land parcel at Hougang Avenue 2 was made available for sale through the Reserve List system of the first half 2010 Government Land Sales (GLS) Programme on 25 February 2010. On 7 April 2010, URA announced that it had received an application from a developer and would put up the land parcel for tender in about two weeks’ time. The developer has committed to bid at least S$109.9 million for the land parcel in the public tender.

    The residential site at Upper Serangoon Road / Pheng Geck Avenue is released for sale via the Confirmed List in line with the schedule earlier announced under the first half 2010 Government GLS Programme.

    Tender for the Reserve List site at Hougang Avenue 2 will close at 12 noon on 20 May 2010 and the tender for the Confirmed List site at Upper Serangoon Road / Pheng Geck Avenue will close at 12 noon on 2 June 2010. Selection of the successful tenderer will be based on the tendered land price only.
    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

  2. #2

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    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

  3. #3

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    cheesezzz... the land pretty limited... i think the development will be smthing like that of Cube8

  4. #4

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    i think a smaller and more expensive version of one st michael.

  5. #5

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    Highest bid at $607psf!

    Last edited by sleek; 2nd June 2010 at 06:42 PM.
    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

  6. #6

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    Guess some of the bigger developers sat this one out.

    If awarded is this Qingdao's first site as developer?

  7. #7

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    abit dissapointed...

  8. #8

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    Quote Originally Posted by devilplate
    abit dissapointed...
    har?? ... why so? U hoping for more exciting price huh?

  9. #9

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    breakeven ard 900psf...so launch ard 1kpsf...tat area oredi tat kind of pricing

  10. #10

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    With a construction company winning the bid at $607psf, my guess is a breakeven at $850-900psf and launch estimate of >$1000psf...

    That should help PP & Woodleigh ppty bridge the price gap with other nearby estates ppty.

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