Results 1 to 22 of 22

Thread: 15 bids for tender at Upper Serangoon Road

  1. #1
    Join Date
    Mar 2010
    Posts
    2,571

    Default 15 bids for tender at Upper Serangoon Road

    http://www.channelnewsasia.com/stori...146462/1/.html

    15 bids for tender at Upper Serangoon Road

    SINGAPORE: Urban Redevelopment Authority (URA) said the tender for a residential site at Upper Serangoon Road / Pheng Geck Avenue (Parcel A) closed with 15 bidders.

    The top bid of S$185.16 million came from Clerodendrum Land - a unit of Tuan Sing Holdings. The bid translates to a land price of S$6,106.52 per square metres of gross floor area.

    Realty Consortium submitted the second highest bid of S$178.9 million, while Qingdao Construction (Singapore) handed in the third highest bid of S$175 million.

    The lowest bid was S$78.2 million from Ace Asset Development.

    The 99-year lease site was launched on June 21 and measures 8,663.5 square metres.

    Zoned for residential use, the land has a maximum permissible gross floor area of 30,323 square metres.

    URA said it will make a decision on the tender award after it evaluates the bids and will announce this at a later date.

    - CNA/ck

  2. #2
    Join Date
    Jun 2009
    Posts
    5,675

    Default

    Thats $568psf ppr, lower than nin residence bid of 607psf ppr.


  3. #3
    Join Date
    Mar 2010
    Posts
    2,571

    Default

    Quote Originally Posted by azeoprop
    Thats $568psf ppr, lower than nin residence bid of 607psf ppr.

    still a bullish bid given the current global financial markets sell down and the fact that there are 15 bidders..., show developers still want to load up their land bank....

  4. #4
    Join Date
    Jan 2011
    Posts
    1,620

    Default

    It's a long strip of land. Separated from the road by the MRT entrance and bus stop. But I guess the proximity to the MRT entrance is valuable.

    Tender closed on 11 Aug
    So probably the submission was done before the US crisis
    http://www.ura.gov.sg/pr/graphics/2011/pr11-99a.pdf

    Last edited by ecimbew; 11-08-11 at 22:06.
    Yee ha! Did I tickle your funny bone?


  5. #5
    Join Date
    Dec 2009
    Posts
    6,003

    Default

    It could be due to the submissions prior to early August stock market meltdown.

    "The 99-year lease site was launched on June 21 and measures 8,663.5 square metres."

    Developer is likely to delay the launch to 2012 in view of the market instability.

  6. #6
    Join Date
    Jan 2011
    Posts
    1,620

    Default





    The view facing the low rise landed looks good. Look, this photo is old enough to show what Woodsville 28 used to be. A row of 2-storey landed houses..

    Last edited by ecimbew; 11-08-11 at 22:23.
    Yee ha! Did I tickle your funny bone?


  7. #7
    Join Date
    Dec 2009
    Posts
    6,003

    Default

    Bad for the landed properties behind the strip. They will firesale

  8. #8
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    May be good news for them. Not dusty and noisy anymore.
    Quote Originally Posted by hyenergix
    Bad for the landed properties behind the strip. They will firesale

  9. #9
    Join Date
    Jul 2010
    Posts
    2,890

    Default

    Quote Originally Posted by azeoprop
    Thats $568psf ppr, lower than nin residence bid of 607psf ppr.

    which means nin residences could be more expansive by 38 dollars assuming everything is the same....

    However, it should be neutralised by construction cost and square off...

    nin is safe..... just hope that it is not call beh... then nin beh....

  10. #10
    Join Date
    May 2010
    Posts
    518

    Default

    http://www.ura.gov.sg/pr/graphics/2011/pr11-99a.pdf

    Any idea what the winning tenderer, Clerodendrum Land, renown projects are?...
    It might give us a better idea of their style of design...

  11. #11
    Join Date
    May 2009
    Posts
    1,381

    Default

    Too close to main road and bus stop right in front Big bus stop some more , like 6 to 7 different bus services. Can't imagine all the noise and fumes each time a bus stops and leaves there. People at bus stop can look into your living and bedrooms for lower floors. The small narrow strip of land means layout of site plan is constrained. Got to be two narrow blocks separated by a long swimming pool in the middle.

  12. #12
    Join Date
    Apr 2011
    Posts
    295

    Default

    Tender conditions stated 5 stories building restriction behind mrt exist/entrance n bus stop. Then 2 blocks of 17/18 stories buildings left n right besides e 5 stories building.

  13. #13
    Join Date
    Apr 2009
    Posts
    869

    Default

    Wan tho ave going to be jammed packed when Nin and this one is up and fully occupied. Goodluck during peak hours

  14. #14
    Join Date
    Nov 2008
    Posts
    8,013

    Default

    Quote Originally Posted by 2824
    Wan tho ave going to be jammed packed when Nin and this one is up and fully occupied. Goodluck during peak hours
    The main road outside is already consistently packed during peak hours! V unpleasant to drive there at times! Also, if that land beside Woodleigh MRT is sold as residential, it'll be even more congested!

  15. #15
    Join Date
    May 2009
    Posts
    1,381

    Default

    Quote Originally Posted by ysyap
    The main road outside is already consistently packed during peak hours! V unpleasant to drive there at times! Also, if that land beside Woodleigh MRT is sold as residential, it'll be even more congested!
    The immediate plot next to this also not released yet. It's on the reserve list, Parcel B. Interesting to see this site plan. The units will all be very closely facing each other.

  16. #16
    Join Date
    Dec 2009
    Posts
    6,003

    Default

    Quote Originally Posted by fclim
    The immediate plot next to this also not released yet. It's on the reserve list, Parcel B. Interesting to see this site plan. The units will all be very closely facing each other.
    That area might end up like those in Leicester/potong pasir; small area but full of high-rise condos. Govt should stop launching GLS and just concentrate on BTOs. It is creating over-supply for pte condos and destroying the greeneries and spaces. Previous Minister did not react to crunch in HDB supply. Current Minister is not reacting to oversupply in pte condos.

  17. #17
    Join Date
    Nov 2008
    Posts
    8,013

    Default

    Quote Originally Posted by hyenergix
    That area might end up like those in Leicester/potong pasir; small area but full of high-rise condos. Govt should stop launching GLS and just concentrate on BTOs. It is creating over-supply for pte condos and destroying the greeneries and spaces. Previous Minister did not react to crunch in HDB supply. Current Minister is not reacting to oversupply in pte condos.
    That is exactly what our current minister aims to do, not react to more and more PC being built in order to bring down or stabalize property prices!

  18. #18
    Join Date
    Dec 2009
    Posts
    6,003

    Default

    Similar logic to not doing anything or building enough HDB so that the prices become higher and demand dies off?

  19. #19
    Join Date
    Nov 2008
    Posts
    8,013

    Default

    Quote Originally Posted by hyenergix
    Similar logic to not doing anything or building enough HDB so that the prices become higher and demand dies off?
    Then when demand dies off, prices will fall again and so the cycle repeats itself!

  20. #20
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    Those who have units in the potong pasir are should not sell for long term gain as these areas will boom between Bartley - woodleight - potong pasir mrt stn.
    Quote Originally Posted by hyenergix
    That area might end up like those in Leicester/potong pasir; small area but full of high-rise condos. Govt should stop launching GLS and just concentrate on BTOs. It is creating over-supply for pte condos and destroying the greeneries and spaces. Previous Minister did not react to crunch in HDB supply. Current Minister is not reacting to oversupply in pte condos.

  21. #21
    Join Date
    Dec 2009
    Posts
    6,003

    Default

    I would rather not have any paper gains. Just keep the greenery and space, pls.

  22. #22
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    The big field at the junction of potong pasir and upper serangoon road will be developed for commercial purpose. It is URA plan to increase the plot ratio (vertical compact living) around all mrt stations.
    Quote Originally Posted by hyenergix
    I would rather not have any paper gains. Just keep the greenery and space, pls.

Similar Threads

  1. Reserve site in Upper Serangoon triggered for tender
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 09-10-15, 16:32
  2. Upper Serangoon EC site attracts 7 bids
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 10-03-12, 00:43
  3. 3 bids received for Upper Serangoon Rd land parcel
    By sleek in forum Singapore Private Condominium Property Discussion and News
    Replies: 15
    -: 08-09-11, 20:51
  4. Upper Serangoon DBSS site draws just 2 bids
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 10
    -: 10-12-10, 10:27
  5. Upper Serangoon, Hougang sites up for public tender
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 22-04-10, 00:38

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •