PDA

View Full Version : Hong Leong Group units win Hillview Rise GLS tender with S$460m bid



bargain hunter
03-07-18, 20:40
https://www.businesstimes.com.sg/real-estate/hong-leong-group-units-win-hillview-rise-gls-tender-with-s460m-bid

Hong Leong Group units win Hillview Rise GLS tender with S$460m bid
TUE, JUL 03, 2018 - 7:42 PM
YUNITA [email protected]@YunitaOngBT
ENTITIES under the Hong Leong Group umbrella have clinched the residential site at Hillview Rise following a government land sales (GLS) tender that emphasised construction productivity.

Intrepid Investments and Garden Estates - subsidiaries of Hong Leong Holdings and Hong Realty respectively - submitted the top bid of $460 million among six shortlisted proposals for the site which has a residential gross floor area (GFA) of 40,030 sq m.

Urban Redevelopment Authority (URA), which awarded the tender on July 3, said in its statement that the winning proposal included "the extensive adoption of Prefabricated Prefinished Volumetric Construction (PPVC) with substantial layout modularisation and high levels of construction integration in carrying out the development of the site".

It will adopt Mass Engineered Timber (MET) for the clubhouse, which would further increase the level of prefabrication and reduce the works to be done on the site.


Other features of the proposal include BIM-based scheduling; QR code tracking for project scheduling; cloud-based logistics tracking during construction and Virtual Design and Construction (VDC) on digital platforms for different parties to share and coordinate information throughout the project lifecycle.

"Overall, the Concept Proposal by Intrepid Investments and Garden Estates is robust in its proposed construction productivity plan and construction management plan which aim to achieve substantial reduction in manpower, leading to significantly improved productivity outcomes," said URA in its statement on Tuesday.

“We are pleased to be awarded the site at Hillview Rise under the Concept and Price Revenue tender system," said Loke Kee Yeu, general manager for projects at Hong Leong Holdings. "This award recognises our experience and readiness to adopt and use innovative construction technologies and methods to achieve high construction productivity and quality outcomes for our projects. Another important aspect that we will continue to emphasise is safe and efficient on-site process."

The concept and price revenue tender approach was adopted. Nine concept proposals had been received from eight tenderers, and in the first stage, the Concept Evaluation Committee (CEC) shortlisted those that had substantially satisfied the evaluation criteria on construction productivity.

The shortlisted were:

i. Intrepid Investments and Garden Estates
ii. Areca Realty and CDL Constellation
iii. CDL Constellation and Areca Realty
iv. CSC Land Group (Singapore)
v. Qingjian Realty (Residential)
vi. Yanlord Singapore Residential and Soilbuild Group Holdings Ltd

Thereafter, the price envelopes for the shortlist were opened and the top bid was selected.

The tender for the site was launched for sale on Dec 28 last year, and closed on May 3.

Arcachon
03-07-18, 22:05
If the tender is 500 psf ppr lower than the previous will GLS be ok.

Show show only so confuse people the land price is not going too high, end of day the next land GLS will be higher than the previous sale.

When will people get the time to understand the printing of money instead of working working and working 65 years old extend to 67 years old maybe extend to 92 like the Malaysian PM.

Khng8
03-07-18, 22:22
What’s the psf for this site? $1,067 psf?

bargain hunter
04-07-18, 06:23
What’s the psf for this site? $1,067 psf?

yup or rounded up to 1068psf.

Arcachon
04-07-18, 07:11
https://www.ura.gov.sg/-/media/Corporate/Media-Room/2018/May/pr18-27a.pdf

PARTICULARS OF TENDERS SUBMITTED FOR RESIDENTIAL SITE AT HILLVIEW RISE
ALLOWABLE DEVELOPMENT : Residential
SITE AREA : 14,296.1 sqm
MAXIMUM PERMISSIBLE GFA : 40,030 sqm
DATE OF LAUNCH : 28 December 2017
DATE TENDER CLOSED : 3 May 2018
LEASE PERIOD : 99 years
S/N NAME OF TENDERER
1 Areca Realty Pte. Ltd. and CDL Constellation Pte. Ltd. *
2 CDL Constellation Pte. Ltd. and Areca Realty Pte. Ltd. *
3 CELH Development Pte. Ltd.
4 Changi Properties Pte. Ltd. and Sing Holdings Residential Pte. Ltd.
5 CSC Land Group (Singapore) Pte. Ltd.
6 Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd
7 Intrepid Investments Pte. Ltd. and Garden Estates (Pte) Limited
8 Qingjian Realty (Residential) Pte. Ltd.
9 Yanlord Singapore Residential Pte. Ltd. and Soilbuild Group Holdings Ltd
* Tenderer has submitted two separate tenders with different concept proposals, and each with the requisite tender
documents and tender deposit.


Hong Leong Group units win Hillview Rise GLS tender with S$460m bid

Arcachon
04-07-18, 08:38
460,000,000/430879=1067.58 psf ppr

https://www.ura.gov.sg/maps2/printSite.html?agent=ura&siteId=934

https://www.ura.gov.sg/Corporate/Land-Sales/Current-URA-GLS-Sites

https://www.ura.gov.sg/maps2/?service=GLSRELEASE&site=934

azeoprop
04-07-18, 10:26
Nowadays with prices so high, one needs to be careful choosing the project based on developers track records and after sales services within that 1 year defects liability period. Frankly 1 year defects liability period is just too short. Many problems with quality and workmanship starts to surface just after 1 year.

Just last week my master bath mirror suddenly dropped and shattered. That's about 6 years old. Only then we realized they only glued the perimeter of the mirror which is just insufficient to support the weight of the big mirror. So it's a matter of time it will drop off.

Kelonguni
04-07-18, 14:54
6 years no drop is considered very lucky!


Nowadays with prices so high, one needs to be careful choosing the project based on developers track records and after sales services within that 1 year defects liability period. Frankly 1 year defects liability period is just too short. Many problems with quality and workmanship starts to surface just after 1 year.

Just last week my master bath mirror suddenly dropped and shattered. That's about 6 years old. Only then we realized they only glued the perimeter of the mirror which is just insufficient to support the weight of the big mirror. So it's a matter of time it will drop off.

tonymontana
04-07-18, 23:10
Nowadays with prices so high, one needs to be careful choosing the project based on developers track records and after sales services within that 1 year defects liability period. Frankly 1 year defects liability period is just too short. Many problems with quality and workmanship starts to surface just after 1 year.

Just last week my master bath mirror suddenly dropped and shattered. That's about 6 years old. Only then we realized they only glued the perimeter of the mirror which is just insufficient to support the weight of the big mirror. So it's a matter of time it will drop off.

Agree. workmanship poor these days. my old condo my bathroom mirror lasted 15 years before coming undone.
and the whole backing of the mirror is glued.

tonymontana
04-07-18, 23:11
460,000,000/430879=1067.58 psf ppr

https://www.ura.gov.sg/maps2/printSite.html?agent=ura&siteId=934

https://www.ura.gov.sg/Corporate/Land-Sales/Current-URA-GLS-Sites

https://www.ura.gov.sg/maps2/?service=GLSRELEASE&site=934

looking at launch price 1700psf liao, at least.

bargain hunter
05-07-18, 08:20
looking at launch price 1700psf liao, at least.

too ex liao. hong leong/citydev has been setting benchmark land bids at several sites. can sell or not we still don't know. haha.