{"id":105643,"date":"2019-04-01T11:06:51","date_gmt":"2019-04-01T04:06:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tan-quee-lan-site-to-be-hotly-contested\/"},"modified":"2019-04-01T12:03:00","modified_gmt":"2019-04-01T05:03:00","slug":"tan-quee-lan-site-to-be-hotly-contested","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tan-quee-lan-site-to-be-hotly-contested\/","title":{"rendered":"Tan Quee Lan site to be hotly contested"},"content":{"rendered":"


\nLocated in the heart of Bugis, the 99-year leasehold site is expected to yield up to 580 housing units.
\nAn 11,530.9 sq m site at Tan Quee Lan Street was launched for sale on Friday (29 Mar) under the confirmed list of the first half 2019 Government Land Sales (GLS) programme, announced the Urban Redevelopment Authority (URA).
\nZoned residential with commercial at first storey, the 99-year leasehold site has a maximum gross floor area of 48,430 sq m and a maximum building height of 30 storeys for a high-rise zone and six storeys for a low-rise zone. It is expected to yield up to 580 housing units.
\nJoy Tan, head of research and consultancy at JLL Singapore, expects the site to be hotly contested by developers due to its prime location.
\n\u201cThe Tan Quee Lan Street site is assessed to be the most attractive of all the sites on the 1H 2019 GLS confirmed list as it is located next to the Bugis MRT station and right in the heart of Bugis where the government\u2019s plan for its rejuvenation is fast bearing fruit,\u201d she said. \u201cIt will attract developers keen to ride on the area\u2019s rapid transformation into a vibrant mixed-use locale and an extension to the CBD.\u201d
\nIn fact, she expects most of the developers that participated in the tender for the Middle Road site to also bid for the Tan Quee Lan Street site.
\nTan noted that the low pipeline supply of available housing units for sale, which amounts to less than 800 units, within the vicinity could \u201cembolden interested bidders to be bullish in their bids in spite of the cooling measures in place\u201d.
\nMeanwhile, the tender for a residential site at one-north Gateway has been pushed back to June to \u201cfacilitate a review of planning parameters and tender conditions for the site\u201d, said URA.
\nTan noted that the master plan zoning for the site has been changed from full-residential, to residential with commercial at first storey.
\n\u201cThe launch of the tender for this site has likely been delayed to allow the authority to incorporate this change into the tender conditions and documents,\u201d she said.
\nThe tender for the Tan Quee Lan Street site closes on 5 September, together with another site at Bernam Street which is slated for sale in May.
\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…Tan Quee Lan site to be hotly contested<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located in the heart of Bugis, the 99-year leasehold site is expected to yield up...<\/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-105643","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-rtV","jetpack-related-posts":[{"id":107640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-bernam-street-site-for-sale\/","url_meta":{"origin":105643,"position":0},"title":"URA launches Bernam Street site for sale","date":"May 31, 2019","format":false,"excerpt":"\r With an area of 3,846.2 sq m, the 99-year leasehold site has a maximum gross floor area of 28,001 sq m.\u00a0 A residential with commercial at first storey site at Bernam Street was launched for sale on Thursday (30 May) under the confirmed list of the first half 2019\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":105643,"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":110721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-tender-for-three-sites\/","url_meta":{"origin":105643,"position":2},"title":"URA awards tender for three sites","date":"September 13, 2019","format":false,"excerpt":"\r The tenders for three sites at Tan Quee Lan Street, Bernam Street and one-north Gateway have been awarded to the highest bidders, revealed the Urban Redevelopment Authority on Thursday. The 11,530.8 sq m site at Tan Quee Lan Street was awarded to a consortium comprising GuocoLand, Intrepid Investments and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110537,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-north-gateway-site-attracts-9-bids-2-other-sites-receive-poor-response\/","url_meta":{"origin":105643,"position":3},"title":"One-north Gateway site attracts 9 bids, 2 other sites receive poor response","date":"September 6, 2019","format":false,"excerpt":"\r Head of research for Singapore at Colliers International attributed the poor response to concerns of increased competition that may arise from the CBD Incentive Scheme unveiled in the URA Draft Master Plan 2019. The tender results for three sites at Tan Quee Lan Street, Bernam Street and one-north Gateway\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116529,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-obtains-730mil-green-loan-for-tan-quee-lan-street-mixed-development-project\/","url_meta":{"origin":105643,"position":4},"title":"Guocoland obtains $730mil green loan for Tan Quee Lan Street mixed-development project","date":"May 20, 2020","format":false,"excerpt":"\r The new mixed-development project at Tan Quee Lan Street will be situated right above the Bugis MRT interchange station. Photo: Midtown Bay GuocoLand via its indirect subsidiaries, MTG Apartments and MTG Retail, has secured a $730 million green club loan from DBS Bank, OCBC Bank and ICBC Singapore Branch\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111273,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-launch-midtown-bay-for-sale-this-saturday\/","url_meta":{"origin":105643,"position":5},"title":"GuocoLand to launch Midtown Bay for sale this Saturday","date":"October 2, 2019","format":false,"excerpt":"\r The only residential launch within an integrated development in the central business district (CBD) in the coming year, it will also have 40 duplex units, that can be adapted from a 2+1 apartment into two one-bedroom units, each on different floors. Midtown Bay, GuocoLand\u2019s 33-storey residential tower, is set\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\/105643"}],"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=105643"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105643\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}