Tag Archives: Real estate development

4 Industrial sites up for tender

JTC Corp and the Urban Redevelopment Authority yesterday released four sites with a total land area of 3.4 ha for sale under the Second Half 2013 Industrial Government Land Sales programme. – http://www.todayonline.com/

JTC LogoTwo sites in Tuas South, plots 4 and 28, have a 21-year 9-month tenure and a gross plot ratio of 1.0. They are zoned for Business-2 development. Under URA’s guideline, Business 2 or B2 development are areas used or intended to be used for industry, warehouse, utilities and telecommunication uses, whereby the business uses will imposed nuisance buffer more than 50m and within health and safety buffers. Special industries such as manufacture of industrial machinery, shipbuilding and repairing, may be allowed in selected areas subject to evaluation by the Competent Authority.

Tuas South Street 7 Plot 28 – 

Tuas South Street 7 Plot 28

PARTICULARS OF LAND PARCEL​ ​ ​
Location​ Tuas South Street 7 (Plot 28)
Site Area 5,047.4 sqm​
Lease Period 21 years 9 months
Allowable Development​+ B2
Permissible Gross Plot Ratio​​ 1.0​
Maximum Building Height​++​ 63.5m AMSL*​
Project Completion Period​+++​ 60 months​
Developer’s Packet^
Purchase Developer’s Packet at $107
(inclusive of GST)
Information Counter, The JTC Summit
Mon-Fri, 9am-12pm & 2pm-5.30pm
1. Location Plan
2. Control Plan
3. Topographical Plan
4. Cadastral Survey Plan
5. Soil Test Report
6. Conditions of Tender
7. Technical Conditions of Tender
8. Envelope Cover
Latest Amendments to Tender Documents​ Nil​
Specific Questions & Answers​ Nil​
Status Open for Tender
Date of Launch 29 August 2013
Date of  Tender Closing 10 October 2013

Tuas South Street 6 Plot 4 – 

TausSouthAve43-Y13-Plot23-Loc.jpg

PARTICULARS OF LAND PARCEL​ ​ ​
Location​ Tuas South Street 6 (Plot 4)
Site Area 3,036.7 sqm​
Lease Period 21 years 9 months
Allowable Development​+ B2
Permissible Gross Plot Ratio​​ 1.0​
Maximum Building Height​++​ 63.5m AMSL*​
Project Completion Period​+++​ 60 months​
Developer’s Packet^
Purchase Developer’s Packet at $107
(inclusive of GST)
Information Counter, The JTC Summit
Mon-Fri, 9am-12pm & 2pm-5.30pm
1. Location Plan
2. Control Plan
3. Topographical Plan
4. Cadastral Survey Plan
5. Soil Test Report
6. Conditions of Tender
7. Technical Conditions of Tender
8. Envelope Cover
Latest Amendments to Tender Documents​ Nil​
Specific Questions & Answers​ Nil​
Status Open for Tender
Date of Launch 29 August 2013
Date of  Tender Closing 10 October 2013

URA-logoThe two other plots in Gambas Crescent, parcel 1 and 2, have a 30-year tenure and a gross plot ratio of 2.5. They are zoned for Business-1 development. These are areas used or intended to be used for industry, warehouse, utilities and telecommunication uses for which the relevant authority (eg. NEA) does not impose a nuisance buffer greater than 50m.

This 2 B1 Site at Gambas Crescent is accessible for any consumer because it is near the Sembawang MRT Station and the Sembawang Bus Interchange. It is also located near residential sites which ensure that the future development at the land parcel will receive a steady flow of laborers. Note that it is also located very near to the upcoming EC launch at Sembawang, Skypark Residences.

Source – http://www.jtc.gov.sg/Sales-Rental/Government-Land-Sales-Programme/Pages/default.aspx

http://www.todayonline.com , http://www.channelnewsasia.com , http://www.ura.gov.sg/sales/GLS-URA.html

For industrial Properties for sale, please visit HERE

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Record price for Executive Condominium (EC) site in Jurong

An executive condominium (EC) site in Yuan Ching Road/Tao Ching Road opposite Jurong Country Club has attracted a top bid of S$418.53 per square foot per plot ratio (psf ppr), a new record high for an EC site. The site, which can yield about 610 homes, also received a total of 16 bids. the top bidder was a consortium comprising Evia Real Estate (5), BBR Development, CNH Investment and OKP Land. The buzz in the location, following strong sales at J Gateway condo last month, also contributed to the strong demand for the EC plot. Thanks to URA’s Jurong lake district master plan

Jurong Lake District1

Jurong Lake District1

Its $418.53 psf ppr bid suppressed  the previous EC land record of $392 psf ppr set for a plot in Tampines Central 7 in 2011 that is now being developed into The Trilliant. Past transaction shows that units at The Trilliant is sold at around $850 psf range.

The breakeven is estimated to be in the region of S$700-$750 psf, which translates to a selling price of about S$900 psf. This could set a all time high record for the EC market.

EC SITE JURONG YUAN CHING

EC SITE JURONG YUAN CHING

YUAN CHING ROAD / TAO CHING ROAD (EC)

LAND ATTRIBUTES
STATUS TENDER CLOSED ON 30 JUL 2013
SITE USE EC
SITE AREA (SQM) 20,213.1
SITE GFA (SQM) 60,639.3
HIGHEST BID ($M) 272.8
HIGHEST BID ($PSF) 418.0
NUMBER OF BIDS 16
DEVELOPER’S BREAKEVEN ( Estimated )
LAND ($M) 272.8
CONSTRUCTION ($M) 130.5
LAND FINANCING ($M) 19.1
PROFESSIONAL / LEGAL / TAXES ($M) 32.0
MARKETING / OTHERS ($M) 5.5
EST. TOTAL COST ($M) 459.9
EST. BREAKEVEN ($PSF PPR) 705

 

Source – Straits Time, HDB, Propertyguru, Squarefoot Research, URA

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