{"id":112111,"date":"2019-11-01T09:46:25","date_gmt":"2019-11-01T02:46:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/irwell-bank-road-residential-site-for-sale-for-650m\/"},"modified":"2019-11-03T23:15:15","modified_gmt":"2019-11-03T16:15:15","slug":"irwell-bank-road-residential-site-for-sale-for-650m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/irwell-bank-road-residential-site-for-sale-for-650m\/","title":{"rendered":"Irwell Bank Road residential site for sale for $650m"},"content":{"rendered":"<p>&#013;<br \/>\nThis residential site was also launched under the government land sales (GLS) programme\u2019s confirmed list for the second half of 2019.<br \/>\nA residential site at Irwell Bank Road has been launched for sale by the Urban Redevelopment Authority (URA) via public tender, with the projected top bid ranging from $650 million to $680 million, reported The Straits Times.<br \/>\nThis price works out to $1,700 to $1770 per square foot (psf) per plot ratio (ppr).<br \/>\nThe 99-year leasehold site occupies an area of 12,789 sq m (137,659 sq ft) that has a gross floor area of 35,809 sq m (385,444 sq ft). It also has a maximum building height of 36 storeys and can yield around 445 residential units.<\/p>\n<div class=\"googlemaps\">\n\t\t\t\t<iframe loading=\"lazy\" width=\"600\" height=\"500\" frameborder=\"0\" scrolling=\"no\" marginheight=\"0\" marginwidth=\"0\"  src=\"https:\/\/maps.google.com\/maps?q=irwell%20bank%20road&#038;t=&#038;z=13&#038;ie=UTF8&#038;iwloc=&#038;output=embed\"><\/iframe>\n\t\t\t<\/div>\n<p>The property is within walking distance to the upcoming Great World City MRT Station, the Orchard Road entertainment and shopping belt and Great World City. It is also in close proximity to ISS International School, River Valley Primary School and Dimensions International College.<br \/>\nThis residential site was also launched under the government land sales (GLS) programme\u2019s confirmed list for the second half of 2019.<br \/>\n\u201cThe Irwell Bank Road site is the most appealing out of the GLS slate for the second half of 2019, and will \u201cattract developers who are keen to add a rare, sizeable residential site in the prime District 9 to their development pipeline\u201d, said Tricia Song, Colliers International head of research for Singapore.<br \/>\n\u201cHowever, given the relatively large quantum required, we expect the tender for the site to be cautious, attracting four to six bids, in line with the average five bids for residential sites costing over $300 million since the cooling measures were implemented in July 2018,\u201d she added.<br \/>\nSong noted that developers will probably take their cue from how the 455-unit Riviere performs, which is around 600 m away. It has managed to sell 45 units at a median price of $2,850 psf since its launch.<br \/>\nTender for the Irwell Bank Road residential site closes on 9 January 2020.<br \/>\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.<br \/>\n\u00a0<br \/>\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg&#013;<br \/>\n&#013;<br \/>\nSource : proppertyguru.com.sg\/Property Market&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.propertyguru.com.sg\/property-management-news\/2019\/11\/184113\/irwell-bank-road-residential-site-for-sale-for-650m\" target=\"_blank\">Irwell Bank Road residential site for sale for 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; This residential site was also launched under the government land sales (GLS) programme\u2019s confirmed list&#46;&#46;&#46;<\/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-112111","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-taf","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":112111,"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 &quot;Property News&quot;","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":110335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-bunga-rampai-residential-site-launched-for-tender\/","url_meta":{"origin":112111,"position":1},"title":"Jalan Bunga Rampai residential site launched for tender","date":"August 30, 2019","format":false,"excerpt":"\r With 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 A residential site at Jalan Bunga Rampa that could yield about 115 housing units has been launched for\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bids-for-jalan-bunga-rampai-and-irwell-bank-rd-gls-sites-lower-than-expected\/","url_meta":{"origin":112111,"position":2},"title":"Bids for Jalan Bunga Rampai and Irwell Bank Rd GLS sites lower than expected","date":"January 10, 2020","format":false,"excerpt":"\r Developers \u201ccontinue to adopt a more prudent approach to land bids, amid market uncertainties, ample upcoming supply, and the cooling measures which remain in place\u201d, said Tricia Song, head of research for Singapore at Colliers International. Photo: URA The Urban Redevelopment Authority (URA) has announced the closings tenders for\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/development-charges-for-non-landed-homes-trimmed-0-2-on-average\/","url_meta":{"origin":112111,"position":3},"title":"Development charges for non-landed homes trimmed 0.2% on average","date":"March 2, 2020","format":false,"excerpt":"\r The cut follows a 0.3% and 5.5% decrease in DC rates during the September 2019 and March 2019 review.\u00a0 The development charge (DC) rates for non-landed residential use have been slashed by 0.2% on average, on the back of a muted Government Land Sales (GLS) bidding and slower economic\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-cautious-gls-bid-causes-8-20-drop-in-land-prices\/","url_meta":{"origin":112111,"position":4},"title":"Developers\u2019 cautious GLS bid causes 8-20% drop in land prices","date":"January 14, 2020","format":false,"excerpt":"\r The muted sales take-up rates seen in existing projects in the vicinity of both sites are possible reasons that developers have placed lower bids. The cautious approach employed by developers towards bidding for land has caused an 8% to 20% drop in land prices including the 5% Additional Buyer\u2026","rel":"","context":"In &quot;Property News&quot;","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":112111,"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. Source: URA A residential site at Dairy Farm Walk has been launched for sale via public tender, revealed\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/dairy_farm_aerial_view-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112111"}],"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=112111"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}