HDB launches sale of Bendemeer and Tampines condo sites
http://www.channelnewsasia.com/stori...112319/1/.html
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HDB launches sale of Bendemeer and Tampines condo sites
Posted: 22 February 2011 1756 hrs
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SINGAPORE: The Housing & Development Board (HDB) will on Wednesday launch two sites at Bendemeer Road/Whampoa East and Tampines Central 7 for sale.
The sites are under the confirmed list of the first half 2011 Government Land Sales (GLS) Programme.
The condominium site at Bendemeer Road/ Whampoa East has a 99-year lease and can accommodate 780 units.
It is within walking distance of the Boon Keng MRT station along the North East Line.
Residents will have various dining, shopping and entertainment options at City Square, Serangoon Plaza and Mustafa Centre, which are near the MRT station.
Schools such as Bendemeer Primary, St Andrew's Junior and Secondary Schools and St Andrew's Junior College are also nearby.
The executive condo (EC) site at Tampines Central 7 is in Tampines Town which contains the Tampines Regional Centre, schools, cinemas, sports facilities and the Tampines MRT station.
The site has a 99-year lease and 660 units can be built there.
Another three new sites at Buangkok Drive/ Sengkang East Drive, Sembawang Road/ Jalan Sendudok and Jalan Loyang Besar/ Pasir Ris Drive 4 will be launched by HDB and the Urban Redevelopment Authority, next month.
-CNA/wk
HDB offers sales sites in Tampines, Bendemeer
http://www.businesstimes.com.sg/sub/...91140,00.html?
Published February 23, 2011
HDB offers sales sites in Tampines, Bendemeer
By UMA SHANKARI
THE Housing & Development Board (HDB) has launched another two residential sites - a condominium plot at the junction of Bendemeer Road and Whampoa East, and an executive condominium (EC) site at Tampines Central 7 - for sale.
Both sites are from the confirmed list of the Government Land Sales (GLS) programme for the first half of 2011. The 99-year leasehold condo site at Bendemeer Road is within walking distance of Boon Keng MRT station. The site has a maximum permissible gross floor area of 701,400 sq ft and an estimated 780 units can be built on it.
Analysts expect the land parcel to be popular with developers as it is within a matured housing estate and near an MRT station. They estimate that the top bid could be in the range of $400-$480 per square foot per plot ratio (psf ppr).
The EC site in Tampines is also expected to draw keen interest as there have been no new EC projects in the estate over the last 10 years. Around 660 flats can be built on the site, which has a maximum permissible gross floor area of 710,400 sq ft. The top bid for the EC plot is expected to be in the range of $250-$330 psf ppr.
Nicholas Mak, head of research at SLP International, expects there to be at least fours bids for each site.
'The recent cooling measures may slightly dampen demand for development sites in the coming months. But some developers are still looking to purchase land at attractive locations, especially those sites that are near MRT stations,' he said.
Noted Ong Kah Seng, Cushman & Wakefield senior manager for Asia-Pacific research: 'While current private home buying sentiments may have moderated, there is still a strong demand base from genuine owner occupiers, sufficient to motivate developers to continue acquiring and releasing projects at choice sites - albeit at more realistic prices.'
The tender for the site at Bendemeer Road will close at noon on April 7, while that for the EC site at Tampines will close at noon on April 14. HDB said that another three new sites will be launched under the confirmed list by government agencies next month.
Bendemeer, Tampines sites on sale for condo devt
http://www.straitstimes.com/Money/St...ry_637805.html
Feb 23, 2011
Bendemeer, Tampines sites on sale for condo devt
By Cheryl Lim
TWO more sites with hundreds of new condominium units potentially in the pipeline are being offered to developers - one near Boon Keng MRT station, the other at Tampines Central 7.
Both are 99-year leasehold sites being rolled out as the Government offers more land to meet continuing strong demand for housing.
The first, in Bendemeer Road, intended for a private condo, is right next to Bendemeer Primary School and not far from Bendemeer Secondary School and St Andrew's Junior College. The Tampines site is for an executive condo - a public/private housing hybrid.
Both plots fall under the confirmed list as part of the first half of this year's Government Land Sales (GLS) programme.
The Bendemeer Road site is 200,402 sq ft. With a plot ratio of 3.5, the site can take a gross floor area of 701,409 sq ft.
Based on the area, the developer will be able to build up to 780 residential units on the land.
The site is also near retail malls like City Square and Serangoon Plaza. The tender for the site closes on April 7.
The Tampines site is 236,806 sq ft and has a plot ratio of 3, and could contain up to 660 units. The tender closes on April 14. Situated in the heart of Tampines Town, the plot is near malls, social and recreational amenities. These include Tampines Regional Centre, a swimming complex and a library. Nearby transport options include the Tampines MRT station and the upcoming Downtown Line 3.
The recent cooling measures may put a slight dampener on demand for development sites in the coming months, said SLP International's head of research Nicholas Mak. But he expects developers to keep buying land in attractive areas, especially those near MRT stations.
Credo Real Estate executive director Ong Teck Hui estimates both sites could see four to six bids each.
The Bendemeer site could fetch up to $330 million; the Tampines plot up to $210 million, predicted SLP's Mr Mak.
However, Mr Ong said the upcoming tender results for land next to Bishan MRT station would be a better guide to the impact of recent cooling measures.
The Government will launch another three new sites next month. These confirmed list sites will be at Buangkok Drive and Sengkang East Drive; Sembawang Road and Jalan Sendudok; and Jalan Loyang Besar and Pasir Ris Drive 4.