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Thread: HDB to release 2 EC sites

  1. #1
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    Default HDB to release 2 EC sites

    [URL="http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1085212/1/.html"]HDB to release 2 EC sites[/URL]
    By Jonathan Peeris | Posted: 05 October 2010 1448 hrs

    SINGAPORE: The [URL="http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/7CF8200B92DD5F8E482577B300150DBA?OpenDocument"]Housing & Development Board (HDB)[/URL] said it would release on Wednesday two Executive Condominium (EC) sites for sale under the confirmed list of the second half of 2010 Government Land Sales Programme.

    Potentially yielding more than 1,000 dwelling units, these two EC sites will offer property buyers more housing choices.

    The first new EC site is located in [URL="http://www.hdb.gov.sg/fi10/fi10297p.nsf/ImageView/CORPORATE_PR_05102010_%20Tampines%20E9/$file/Tamp-E9_Location+Plan.pdf"]Tampines[/URL] Town near many facilities and amenities such as schools, supermarkets and a swimming complex.

    It has a site area of more than 20,000 square metres and a maximum gross floor area of more than 57,000 square metres.

    The tender for this site closes at noon on November 23.

    Meanwhile, the second site, located in [URL="http://www.hdb.gov.sg/fi10/fi10297p.nsf/ImageView/CORPORATE_PR_05102010_BTP%20E3/$file/Btp+E3_27sep10+Location+Plan.pdf"]Bukit Panjang[/URL] Town, is located next to Segar LRT station, which connects to Choa Chu Kang MRT station.

    It has a site area of almost 21,000 square metres and a maximum gross floor area of around 62,5000 square metres.

    The tender for this site closes at noon on December 2.

    Both sites have been offered for sale on a 99-year lease.

    In addition to these two sites, HDB said it would also be releasing another two new residential sites at Punggol Central and Seletar Road later this month.

    -CNA/wk
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  2. #2
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    Quote Originally Posted by sleek
    [URL="http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1085212/1/.html"]HDB to release 2 EC sites[/URL]
    By Jonathan Peeris | Posted: 05 October 2010 1448 hrs

    SINGAPORE: The [URL="http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/7CF8200B92DD5F8E482577B300150DBA?OpenDocument"]Housing & Development Board (HDB)[/URL] said it would release on Wednesday two Executive Condominium (EC) sites for sale under the confirmed list of the second half of 2010 Government Land Sales Programme.

    Potentially yielding more than 1,000 dwelling units, these two EC sites will offer property buyers more housing choices.

    The first new EC site is located in [URL="http://www.hdb.gov.sg/fi10/fi10297p.nsf/ImageView/CORPORATE_PR_05102010_%20Tampines%20E9/$file/Tamp-E9_Location+Plan.pdf"]Tampines[/URL] Town near many facilities and amenities such as schools, supermarkets and a swimming complex.

    It has a site area of more than 20,000 square metres and a maximum gross floor area of more than 57,000 square metres.

    The tender for this site closes at noon on November 23.

    Meanwhile, the second site, located in [URL="http://www.hdb.gov.sg/fi10/fi10297p.nsf/ImageView/CORPORATE_PR_05102010_BTP%20E3/$file/Btp+E3_27sep10+Location+Plan.pdf"]Bukit Panjang[/URL] Town, is located next to Segar LRT station, which connects to Choa Chu Kang MRT station.

    It has a site area of almost 21,000 square metres and a maximum gross floor area of around 62,5000 square metres.

    The tender for this site closes at noon on December 2.

    Both sites have been offered for sale on a 99-year lease.

    In addition to these two sites, HDB said it would also be releasing another two new residential sites at Punggol Central and Seletar Road later this month.

    -CNA/wk
    the location of these 2 ECs is really yawn............

  3. #3
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    Yah, location cannot make it. More suitable for bto flats rather than EC.

  4. #4
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    The one at tampines got quarry park view though at least for now

    Quote Originally Posted by azeoprop
    Yah, location cannot make it. More suitable for bto flats rather than EC.

  5. #5
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    Sim Lian should bid for these one, so that they can make it a hat-trick , DBSS, EC & condo.

  6. #6
    Junior

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    Default http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1095131/1/.html

    [URL="http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1095131/1/.html"]HDB closes tender for residential site in Tampines[/URL]
    By Jonathan Peeris | Posted: 23 November 2010 2034 hrs

    SINGAPORE: The Housing and Development Board (HDB) has closed the tender for a residential site at Tampines Avenue 8 after receiving six bids.

    The highest bid of S$187.6 million came from joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings.

    That translates to about S$292 dollars per square foot per plot ratio.

    The land parcel has a site area of more than 20 thousand square metres and a maximum gross floor area of over 57 thousand square metres.

    The site was launched for public tender on October 6 and has a lease period of 99 years.

    HDB said it will evaluate the tender bids and announce the final tender results within the next two weeks.

    -CNA/ac
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  7. #7
    Junior

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    Default http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/3D15016CFC25300C482577E4002B5B8

    [URL="http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/3D15016CFC25300C482577E4002B5B8D?OpenDocument"]The details of the provisional tender results[/URL] are below:
    [LEFT]S/N Name of Tenderer Tender Price ($) $psm/GFA ($)[/LEFT]
    1 Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and SC Wong Holdings Pte Ltd $187,590,000 3,252.25
    2 Opal Star Pte Ltd and Lum Chang Building Contractors Pte Ltd $172,800,000 2,995.84
    3 Grand Isle Holdings Pte. Ltd. $161,500,000 2,799.93
    4 EL Development Pte Ltd $148,200,000 2,569.35
    5 NTUC Choice Homes Co-operative Limited $147,900,000 2,564.15
    6 Sim Lian Land Pte Ltd $141,682,000 2,456.35
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  8. #8
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    Estimation of selling price using top bid:

    Land price = $301 psf
    Construction cost = $250 psf
    Profit margin = $200 psf
    Selling price = $750-800 psf

    Conclusion: what an expensive EC... So do the cooling measures work?

  9. #9
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    Default seems like they are not so greedy...below 700psf wor.

    Hoi Hup's Ms Wong said that the plan is to develop a 16-storey project with 575 units on the Tampines Ave 8 plot. About 60 per cent of units will be three-bedroom compact apartments of slightly over 1,000 sq ft; 20 per cent will be two-bedders; slightly more than 10 per cent will be dual-key units comprising a studio unit attached to a two-bedder. The rest will be four-bedders.
    'Our breakeven cost will be slightly over $600 psf and we're looking at an average selling price of below $700 psf.'

  10. #10
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    I'm surprised by a construction cost of more than $300 psf for an EC and a profit margin of less than $100 psf in this market... the numbers don't seem quite right... but let's see e actuactual launch price next year :-)

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