{"id":105875,"date":"2019-04-08T11:19:47","date_gmt":"2019-04-08T04:19:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-tai-wins-middle-road-site-after-submitting-highest-bid\/"},"modified":"2019-04-08T12:03:00","modified_gmt":"2019-04-08T05:03:00","slug":"wing-tai-wins-middle-road-site-after-submitting-highest-bid","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-tai-wins-middle-road-site-after-submitting-highest-bid\/","title":{"rendered":"Wing Tai wins Middle Road site after submitting highest bid"},"content":{"rendered":"


\nWing 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.
\nWingcharm 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 it submitted the highest bid of $492 million.
\nLocated within the Bugis area, the site has an area of over 80,000 sq ft and is close to the central business district and Orchard Road. It will be directly served by the North-South Corridor as well as the East-West, Downtown and Circle lines.
\nWing 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.
\n\u201cAs it is within the Central Area, we are excited with the excellent opportunity to create a fresh, exciting living space that caters to urbanites who desire to live in the city and experience its vibrant, cosmopolitan culture,\u201d said Tan Hwee Bin, executive director of Wing Tai Holdings.
\nWing Tai noted that the development\u2019s design will take into account the modern lifestyle needs of home buyers and residents.
\n\u201cWe will offer highly livable and functional spaces that are maximised for user needs. Our design will be infused with welcomed greenery to rearticulate the experience of comfortable, contemporary urban living,\u201d noted Tan.
\nURA also awarded the residential site at Sims Drive to Intrepid Investments (a subsidiary of Hong Leong Holdings) and CDL Constellation, a wholly-owned unit of City Developments Limited.
\nThis comes after the consortium submitted the top bid of $383.53 million for the 99-year leasehold site.
\nThe 16,225.2 sq m site received a total of five bids during the close of its tender on 28 March.
\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…Wing Tai wins Middle Road site after submitting highest bid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wing Tai intends to develop the site into two 20-storey residential towers and one block...<\/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-105875","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-rxF","jetpack-related-posts":[{"id":88733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-new-condos-open-for-preview\/","url_meta":{"origin":105875,"position":0},"title":"Two new condos open for preview","date":"May 19, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Margaret Ville, a new 99-year leasehold project in Margaret Drive. (Photo: MCL Land) Two new private condominiums will open for preview today (19 May) amid a bullish property market. The Garden Residences at Serangoon North View is being jointly developed by Keppel Land and Wing Tai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114267,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-m-condo-to-preview-this-saturday\/","url_meta":{"origin":105875,"position":1},"title":"The M condo to preview this Saturday","date":"February 14, 2020","format":false,"excerpt":"\r Indicative prices for studio units start from just below $1 million, from $1 million for one-bedders, $1.1 million for one-bedroom plus study, $1.3 million for two-bedders, $1.6 million for the two-bedders plus study, and from $2 million for the three-bedroom dual-key apartments.\u00a0 Two-bedroom units are priced from $1.3 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-interest-in-the-garden-residences-condo\/","url_meta":{"origin":105875,"position":2},"title":"Strong interest in The Garden Residences condo","date":"May 21, 2018","format":false,"excerpt":"\r The Garden Residences showflat drew more than 3,000 visitors for its preview over the weekend. 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The units were sold at an average price of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-anak-bukit-site-attracts-five-bids\/","url_meta":{"origin":105875,"position":4},"title":"Jalan Anak Bukit site attracts five bids","date":"June 30, 2021","format":false,"excerpt":"\r Jalan Anak Bukit site attracts five bidsThe five bids were from Far East Organization and Sino Group (three separate bids); Allgreen Properties (one bid); and a joint venture between Wing Tai Holdings and Perpetual (Asia) (one bid). The tender for a commercial and residential site at Jalan Anak Bukit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/06\/jalan-anak-bukit-gls-2020-crop.png?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":69856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wing-tai-net-profit-surges-to-8-19m\/","url_meta":{"origin":105875,"position":5},"title":"Wing Tai net profit surges to $8.19m","date":"October 24, 2017","format":false,"excerpt":"\r Launched for sale on 30 May, Serangoon North Avenue 1 was acquired by Wing Tai and Keppel Land for $446.28 million. (Photo: URA) Wing Tai Holdings\u2019 net profit soared to $8.19 million in the first quarter ended 30 September from $1.06 million in the same period a year ago,\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\/105875"}],"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=105875"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}