{"id":103174,"date":"2019-01-22T11:39:15","date_gmt":"2019-01-22T04:39:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/plum-site-yielding-over-400-condo-units-awarded\/"},"modified":"2019-01-22T12:03:52","modified_gmt":"2019-01-22T05:03:52","slug":"plum-site-yielding-over-400-condo-units-awarded","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plum-site-yielding-over-400-condo-units-awarded\/","title":{"rendered":"Plum site yielding over 400 condo units awarded"},"content":{"rendered":"


\nLocation map of the land parcel at Kampong Java Road. Source: URA
\nThe Urban Redevelopment Authority (URA) on Monday (21 Jan) awarded a 125,326.36 sq ft private residential site at Kampong Java Road to CELH Development, which submitted the highest bid of $418.38 million out of a total of seven bidders.
\nThe bid by Chip Eng Seng Corp\u2019s property development arm works out to $1,192.25 psf ppr based on the site\u2019s maximum permissible gross floor area (GFA) of 350,914.24 sq ft.
\nMore:\u00a0Govt Launches Three Sites Yielding 700 ECs, Over 1,300 Private Condos
\nThe 99-year leasehold site in prime District 9 was launched for sale on 31 October and the tender closed on 15 January. Analysts anticipated strong interest for the plot, which is expected to yield about 435 units, as it\u2019s just opposite Newton MRT station and is close to Orchard Road.
\nMeanwhile, the URA awarded a 55,126.29 sq ft hotel site in Club Street to Midtown Development, which offered the highest price of $562.2 million among eight different bidders.
\nThe company, which is part of Worldwide Hotels Group, is paying about $2,148.48 psf ppr based on the 99-year leasehold plot\u2019s maximum permissible GFA of 261,670.66 sq ft.
\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…Plum site yielding over 400 condo units awarded<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Location map of the land parcel at Kampong Java Road. Source: URA The Urban Redevelopment...<\/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-103174","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-qQ6","jetpack-related-posts":[{"id":103032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kampong-java-road-residential-site-attracts-7-bids\/","url_meta":{"origin":103174,"position":0},"title":"Kampong Java Road residential site attracts 7 bids","date":"January 17, 2019","format":false,"excerpt":"\r Location map of the land parcel at Kampong Java Road. Source: URA The tender for a residential site at Kampong Java Road attracted seven bids, with CELH Development, a unit of Chip Eng Seng Corporation, submitting the highest bid of $418.4 million, revealed the Urban Redevelopment Authority (URA) on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-launches-three-sites-yielding-700-ecs-over-1300-private-condos\/","url_meta":{"origin":103174,"position":1},"title":"Govt launches three sites yielding 700 ECs, over 1,300 private condos","date":"November 1, 2018","format":false,"excerpt":"\r Aerial view of the white site at Marina View. (Photo: URA) The government released for sale on Wednesday (31 Oct) two confirmed list sites and one reserve list plot that can collectively yield 540 hotel rooms and slightly over 2,000 residential units. In particular, the Housing and Development Board\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/massive-kampong-bugis-white-site-launched-for-sale\/","url_meta":{"origin":103174,"position":2},"title":"Massive Kampong Bugis white site launched for sale","date":"December 7, 2019","format":false,"excerpt":"\r Nearly the size of 14 football fields, a sprawling 8.2 ha white site at Kampong Bugis on the Government Land Sales (GLS) reserve list has been made available for application by the Urban Redevelopment Authority (URA) on 5 December. Located at the mouth of Kallang River and located near\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/kampong-bugis-white-site-development-condo.jpg?fit=680%2C453&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":104525,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/clementi-site-launched-for-sale-could-yield-640-homes\/","url_meta":{"origin":103174,"position":3},"title":"Clementi site launched for sale, could yield 640 homes","date":"March 1, 2019","format":false,"excerpt":"\r Located adjacent to The Clement Canopy, the site is easily accessible to Jurong Lake District and the CBD. A private residential site at Clementi Avenue 1 that could potentially yield a maximum of 640 housing units was launched for sale via public tender, revealed the Urban Redevelopment Authority (URA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-release-14-sites-yielding-a-total-of-8040-homes\/","url_meta":{"origin":103174,"position":4},"title":"Govt to release 14 sites yielding a total of 8,040 homes","date":"June 28, 2018","format":false,"excerpt":"\r \u00a0 The Urban Redevelopment Authority said on Wednesday (27 June) that it intends to release six confirmed list sites and nine reserve list sites under the second half 2018 Government Land Sales (GLS) programme. These sites could yield up to 8,040 private homes, including 1,210 executive condominiums (ECs). Specifically,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenders-for-jalan-bunga-rampai-irwell-bank-road-sites-awarded\/","url_meta":{"origin":103174,"position":5},"title":"Tenders for Jalan Bunga Rampai, Irwell Bank Road sites awarded","date":"January 15, 2020","format":false,"excerpt":"\r Wee Hur Development and CDL were the highest bidders for the GLS sites. Photo: Irwell Bank Road site.\u00a0 The tenders for two residential Government Land Sales (GLS) sites at Jalan Bunga Rampai and Irwell Bank Road have been awarded the highest bidders, announced the Urban Redevelopment Authority (URA) on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/Jalan-Bunga-Rampai-GLS-H12020-Site.png?fit=1017%2C675&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103174"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103174"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103174\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}