{"id":110335,"date":"2019-08-30T11:04:48","date_gmt":"2019-08-30T04:04:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-bunga-rampai-residential-site-launched-for-tender\/"},"modified":"2019-08-30T11:06:18","modified_gmt":"2019-08-30T04:06:18","slug":"jalan-bunga-rampai-residential-site-launched-for-tender","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-bunga-rampai-residential-site-launched-for-tender\/","title":{"rendered":"Jalan Bunga Rampai residential site launched for tender"},"content":{"rendered":"


\nWith an area of 4,666.6 sq m, the confirmed list site has a maximum gross floor area of 9,800 sq m and a lease period of 99 years. Image source: URA
\nA residential site at Jalan Bunga Rampa that could yield about 115 housing units has been launched for sale via public tender, revealed the Urban Redevelopment Authority (URA) on Thursday (29 August).
\nWith an area of 4,666.6 sq m, the confirmed list site has a maximum gross floor area of 9,800 sq m and a lease period of 99 years.
\nTricia Song, head of research for Singapore at Colliers International, described the site as the smallest residential site on the Government Land Sales (GLS) Programme for the second half of this year.
\nShe noted that the site is located next to the Bartley Viaduct and a small park.
\nSimilar 99-year leasehold private residential project nearby include Bartley Ridge, Botanique at Bartley, and Bartley Residences. All these projects are also built on GLS sites and have been transacted on the secondary market at an average price of between $1,350 and 1,515 per sq ft (psf).
\nWith this, Song expects the site to attract a top bid of $900 to $950 psf per plot ratio or $95 million to $100 million, with a potential average selling price of $1,550 psf.
\n\u201cTaking into consideration the response to suburban sites post-measures and the palatable quantum of the site, we expect it to attract five to eight bidders,\u201d she said.
\n\u201cAttractions of this site include its 400 metres walking distance to the Bartley MRT station (Circle Line) and partial unblocked view overlooking a low-rise landed estate. It is also within 1-2km from Maris Stella High School and Paya Lebar Methodist Girls\u2019 School.\u201d
\nShe added that investors \u201ccould also consider the potential rental catchment of the nearby Paya Lebar Industrial Park and Tai Seng Industrial Estate\u201d.
\nThe tender for the site closes on 9 January 2020.
\n\u201cThe tender closing for this site will be batched with the other residential site at Irwell Bank Road which will be launched for sale in October 2019 under the 2H2019 GLS Programme,\u201d revealed URA.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Jalan Bunga Rampai residential site launched for tender<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With an area of 4,666.6 sq m, the confirmed list site has a maximum gross...<\/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-110335","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-sHB","jetpack-related-posts":[{"id":113621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenders-for-jalan-bunga-rampai-irwell-bank-road-sites-awarded\/","url_meta":{"origin":110335,"position":0},"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":[]},{"id":23017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-fernvale-road-site\/","url_meta":{"origin":110335,"position":1},"title":"URA launches sale of Fernvale Road site","date":"August 16, 2016","format":false,"excerpt":"\r The sale site at Fernvale Road is close to The Seletar Mall. (Photo: Yasmin Beevi) A residential site at Fernvale Road in Sengkang was launched for sale by public tender on Tuesday (16 August), said the Urban Redevelopment Authority (URA). Offered on a 99-year lease, the 17,196.4 sq m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/08\/Fernvale-Road-site.jpg?fit=470%2C457&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-residential-sites-at-lentor-hills-road-jalan-tembusu-released-for-sale\/","url_meta":{"origin":110335,"position":2},"title":"Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale","date":"October 1, 2021","format":false,"excerpt":"\r Three residential sites at Lentor Hills Road, Jalan Tembusu released for saleThree residential sites located at Lentor Hills Road (Parcels A and B) and Jalan Tembusu have been released for sale under the second half 2021 Government Land Sales (GLS) programme, revealed the Urban Redevelopment Authority (URA) on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lentor-gls-1-oct.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":73405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-releases-four-sites-for-sale\/","url_meta":{"origin":110335,"position":3},"title":"URA releases four sites for sale","date":"December 1, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the first sale site at Holland Village Extension. (Photo: URA) The Urban Redevelopment Authority (URA) has released four sites \u2013 which can potentially yield around 1,720 residential units \u2013 for sale on Thursday (30 November) under the second half 2017 Government Land Sales (GLS) programme. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-jalan-anak-bukit-site-for-tender\/","url_meta":{"origin":110335,"position":4},"title":"URA launches Jalan Anak Bukit site for tender,","date":"July 1, 2020","format":false,"excerpt":"\r URA envisions the site as a distinctive development and identity marker for the Beauty World precinct. Photo: URA The Urban Redevelopment Authority (URA) on Tuesday (30 June) launched a concept and price revenue tender for a commercial and residential site at Jalan Anak Bukit under the Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122745,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dairy-farm-walk-residential-site-launched-for-sale\/","url_meta":{"origin":110335,"position":5},"title":"Dairy Farm Walk residential site launched for sale","date":"October 22, 2021","format":false,"excerpt":"\r Dairy Farm Walk residential site launched for saleThe Dairy Farm Walk residential site has a land area of 15,663.2 sq m, with a maximum gross floor area of 32,893 sq m. 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