{"id":102323,"date":"2018-12-17T11:04:43","date_gmt":"2018-12-17T04:04:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-response-for-pasir-ris-central-white-site\/"},"modified":"2018-12-17T15:03:20","modified_gmt":"2018-12-17T08:03:20","slug":"weak-response-for-pasir-ris-central-white-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-response-for-pasir-ris-central-white-site\/","title":{"rendered":"Weak response for Pasir Ris Central white site"},"content":{"rendered":"


\nLocation map of the land parcel at Pasir Ris Central. Source: HDB
\nThe tender for a white site at Pasir Ris Central closed last Friday (14 Dec), with three bids received.
\nThe bidders were Laguna Garden Limited and Far East Commercial Trustee Pte. Ltd.; Phoenix Residential Pte. Ltd. & Phoenix Commercial Pte. Ltd.; as well as Elara 1 Pte Ltd and Callisto 1 Pte Ltd.
\n\u201cThis is below expectations, given its prime location next to Pasir Ris MRT station, which holds good promise of a successful retail mall and keen demand for the residential units,\u201d said Ong Teck Hui, senior director for research & consultancy at JLL Singapore.
\nHe noted that while potential bidders may have taken into account the technical conditions and relatively high absolute land price for the site, the \u201cweak response reflects concerns over the market outlook\u201d.
\n\u201cWith cooling measures still hampering the private home market and an economic slowdown expected in 2019, it is understandable for potential bidders to be cautious.\u201d
\nLaunched via the concept and price revenue tender system, the 38,003.7 sq m site has a maximum gross floor area (GFA) of 95,010 sq m with a gross plot ratio of 2.5 and a leasehold tenure of 99 years.
\nThe site should be developed for mixed commercial and residential use, with the commercial GFA not lower than 25,000 sq m. At least 600 residential units can also be built on the site.
\nLocated adjacent to Pasir Ris MRT station, the development will likely be integrated with a bus interchange.
\nThe Housing and Development Board said the \u201cdecision on the award of the tender will be made after the tenders have been evaluated\u201d, which will be announced at a later date.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Weak response for Pasir Ris Central white site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Location map of the land parcel at Pasir Ris Central. Source: HDB The tender for...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102323","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qCn","jetpack-related-posts":[{"id":96782,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-first-mixed-use-site-in-pasir-ris-town-centre\/","url_meta":{"origin":102323,"position":0},"title":"HDB launches first mixed-use site in Pasir Ris town centre","date":"August 28, 2018","format":false,"excerpt":"\r The Housing and Development Board (HDB) released for sale on Monday (27 August) a \u2018white site\u2019 measuring 409,068.42 sq ft in Pasir Ris Drive\/Pasir Ris Central that can potentially yield about 600 private homes, reported the Straits Times. 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The Housing and Development Board (HDB) has awarded the tender for a white site at Pasir Ris Central to Phoenix Residential and Phoenix Commercial, after the consortium submitted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pasir-ris-to-get-2000-new-hdb-flats\/","url_meta":{"origin":102323,"position":3},"title":"Pasir Ris to get 2,000 new HDB flats","date":"May 2, 2017","format":false,"excerpt":"\r Pasir Ris Town Centre will be transformed into a vibrant hub with an integrated bus interchange, a new Heritage Garden and partly-sheltered Town Plaza. 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In particular, there will be four blocks of 8-storey residential buildings, two 19-storey blocks and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-group-jointly-completes-purchase-of-raintree-gardens\/","url_meta":{"origin":102323,"position":5},"title":"UOL Group jointly completes purchase of Raintree Gardens","date":"May 17, 2017","format":false,"excerpt":"\r \u00a0 UOL Group has jointly completed the en bloc acquisition of Raintree Gardens in Potong Pasir with its publicly-listed associate firm United Industrial Corporation, reported The Business time. 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