{"id":105537,"date":"2019-03-29T10:30:03","date_gmt":"2019-03-29T03:30:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/middle-road-site-attracts-10-bids-sims-drive-site-gets-5-bids\/"},"modified":"2019-03-29T11:03:06","modified_gmt":"2019-03-29T04:03:06","slug":"middle-road-site-attracts-10-bids-sims-drive-site-gets-5-bids","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/middle-road-site-attracts-10-bids-sims-drive-site-gets-5-bids\/","title":{"rendered":"Middle Road site attracts 10 bids, Sims Drive site gets 5 bids"},"content":{"rendered":"


\nThe tender for two sites at Middle Road and Sims Drive received keen interest, with the Middle Road site attracting 10 bids.
\nWing Tai Holding\u2019s Wingcharm Investment submitted the highest bid of $492 million, followed by a consortium between MCC Land (Singapore) and Greatview Investment with a $470 million bid.
\nCBRE said the 7,462.6 sq m site received interest from seasoned developers who are keen on developing their residential portfolio within the Beach Road\/Ophir-Rochor Corridor to complement the growing number of offices in the vicinity.
\nOther bidders for the site included a joint venture between GuocoLand, Intrepid Investments and Hong Realty, a tie-up between City Developments and MCL Land as well as Far East Organization.
\nMeanwhile, the 16,225.2 sq m site at Sims Drive received five bids, with Hong Leong subsidiary\u2019 Intrepid Investments and CDL Constellation, a wholly-owned unit of City Developments, submitting the top bid of $383.53 million.
\nGuocoLand\u2019s GLL B offered the second highest bid at $343 million, which is 11.8 percent below the highest bid.
\n\u201cThe tender results reflect developers\u2019 cautious approach for private residential market where the take-up for recent projects have been tepid since additional cooling measures were introduced in July 2018,\u201d noted CBRE.
\nIt also revealed that the estimated unit yield for the site had been reduced to 570 from 650 units as it is located outside the Central area, hence, subject to the 85 sq m ruling.
\n\u201cThe winning bidders for both sites are required to adopt the \u201cprefabricated prefinished volumetric construction\u201d method,\u201d stated CBRE.
\nRomesh Navaratnarajah,\u00a0Senior\u00a0Editor 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…Middle Road site attracts 10 bids, Sims Drive site gets 5 bids<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The tender for two sites at Middle Road and Sims Drive received keen interest, with...<\/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-105537","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-rsd","jetpack-related-posts":[{"id":105875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-tai-wins-middle-road-site-after-submitting-highest-bid\/","url_meta":{"origin":105537,"position":0},"title":"Wing Tai wins Middle Road site after submitting highest bid","date":"April 8, 2019","format":false,"excerpt":"\r Wing Tai intends to develop the site into two 20-storey residential towers and one block of low-rise residences atop a row of commercial units. Wingcharm Investment, a subsidiary of Wing Tai Holdings, has been awarded the 99-year leasehold site at Middle Road by the Urban Redevelopment Authority (URA), after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bugis-gls-sites-expected-to-be-strongly-contested\/","url_meta":{"origin":105537,"position":1},"title":"Bugis GLS sites expected to be strongly contested","date":"December 3, 2018","format":false,"excerpt":"\r Aerial view of the land parcel at Middle Road. Source: URA The Urban Redevelopment Authority (URA) launched two confirmed list sites and another two reserve list plots for sale last Friday (30 Nov) under the second half 2018 Government Land Sales (GLS) programme. Overall, these four sites can yield\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102998,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-ec-site-receives-healthy-interest-with-7-bids\/","url_meta":{"origin":105537,"position":2},"title":"Tampines EC site receives healthy interest with 7 bids","date":"January 16, 2019","format":false,"excerpt":"\r Location map of the EC site at Tampines Avenue 10. Source: HDB The tender for an executive condominium (EC) site at Tampines Avenue 10 received healthy interest from developers, with seven bids received. A consortium comprising Hoi Hup Realty and Sunway Developments submitted the highest bid of $434.45 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-unveils-land-sales-programme-for-h1-2018\/","url_meta":{"origin":105537,"position":3},"title":"Govt unveils land sales programme for H1 2018","date":"December 14, 2017","format":false,"excerpt":"\r Six confirmed list and nine reserve list sites will be launched under the H1 2018 Government Land Sales (GLS) programme, announced the Urban Redevelopment Authority (URA) on Wednesday (13 December). These land parcels could potentially yield approximately 8,045 private homes and 63,960 sq m in gross floor area (GFA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122275,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/el-development-and-gao-xiu-hua-submit-top-bids-for-slim-barracks-rise-gls-sites\/","url_meta":{"origin":105537,"position":4},"title":"El Development and Gao Xiu Hua submit top bids for Slim Barracks Rise GLS sites","date":"September 29, 2021","format":false,"excerpt":"\r El Development and Gao Xiu Hua submit top bids for Slim Barracks Rise GLS sitesTwo residential sites at Slim Barracks Rise received robust interest during the close of their tender, with each site attracting 10 bids, revealed the Urban Redevelopment Authority (URA) on Tuesday (28 September). The tender for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/slim-barracks-parcel-a.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":74508,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-unveils-gls-programme-for-1h-2018\/","url_meta":{"origin":105537,"position":5},"title":"Gov\u2019t unveils GLS Programme for 1H 2018","date":"December 14, 2017","format":false,"excerpt":"\r Six confirmed list sites and nine reserve list plots will be launched under the 1H 2018 Government Land Sales (GLS) Programme, announced the Urban Redevelopment Authority on Wednesday (13 December 2017). These land parcels can potentially yield a total of around 8,045 private dwellings and 63,960 sq m in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105537"}],"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=105537"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}