{"id":112728,"date":"2019-11-29T13:23:34","date_gmt":"2019-11-29T06:23:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-residential-sites-at-canberra-drive-launched-for-sale-via-public-tender\/"},"modified":"2019-11-29T14:26:44","modified_gmt":"2019-11-29T07:26:44","slug":"2-residential-sites-at-canberra-drive-launched-for-sale-via-public-tender","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-residential-sites-at-canberra-drive-launched-for-sale-via-public-tender\/","title":{"rendered":"2 residential sites at Canberra Drive launched for sale via public tender"},"content":{"rendered":"


\nThe two adjacent sites can yield a total of 675 housing units.\u00a0
\nTwo residential sites (Parcels A and B) at Canberra Drive have been put up for sale via public tender under the confirmed list of the government land sales (GLS) programme for the second half of 2019, announced the Urban Redevelopment Authority (URA) on Thursday (28 November).
\nWith an area of 13,315.3 sq m, Parcel A has a maximum gross floor area (GFA) of 18,642 sq m. Parcel B, on the other hand, measures 27,566.1 sq m, with a maximum GFA of 38,593 sq m.
\nURA expects the two adjacent sites, both of which come with 99-year leases, to yield a total of 675 housing units. Parcel A can hold up to 220 units, while Parcel B can potentially yield 455 housing units.\u00a0
\nSituated within an established residential enclave in Sembawang, the sites are well connected to Seletar Expressway and Sembawang Road, and are within walking distance from the new Canberra MRT station on the North-South Line.
\nThe sites are also near various amenities including Sun Plaza, Sembawang Shopping Centre as well as Sembawang Primary School.
\nLand parcels catered for different developers
\nColliers International expects Parcel A to attract four to six bids from smaller developers, while Parcel B could see fewer bids at three to five, but likely from medium-sized to bigger developers owing to the site\u2019s large size, reported Singapore Business Review.
\nRELATED:\u00a0What\u2019s New In The URA Master Plan 2019? [Part I Of II]
\n\u201cWhile Parcel B is larger and odd-shaped, with an elongated thin tail, the developer can build single loading units which offer unblocked views over the low-rise landed housing. A larger site also has potentially better economies of scale and can offer more facilities,\u201d said Colliers International head of research for Singapore Tricia Song.
\nShe expects Parcel A to receive a top bid of $135 million and $280 million for Parcel B.
\nView the locations of Parcel A and Parcel B on URA SPACE
\nSong added that splitting the large site into two smaller plots of land would make them more attractive and palatable to a wider range of developers.
\n\u201cHowever, it would be interesting to see how the two tenders pan out seeing that both sites are launched for sale at the same time,\u201d she said, noting if this would see developers bid for both sites to better defend prices.
\nThe tenders for both sites will close on 3 March 2020.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\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…2 residential sites at Canberra Drive launched for sale via public tender<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The two adjacent sites can yield a total of 675 housing units.\u00a0 Two residential sites...<\/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-112728","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-tkc","jetpack-related-posts":[{"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":112728,"position":0},"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":123544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-pine-grove-sites-released-for-sale\/","url_meta":{"origin":112728,"position":1},"title":"Two Pine Grove sites released for sale","date":"December 1, 2021","format":false,"excerpt":"\r The two Pine Grove sites can potentially yield up to 1,085 units\u00a0altogether. Source: URA Two residential sites at Pine Grove (Parcels A and B) that can jointly yield up to 1,085 units have been released for sale under the reserve list of the second half 2021 Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/PINE-GROVE-URA.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"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":112728,"position":2},"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":122558,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-sites-at-slim-barracks-rise-awarded-to-el-development-gao-xiuhua\/","url_meta":{"origin":112728,"position":3},"title":"Two sites at Slim Barracks Rise awarded to EL Development, Gao Xiuhua","date":"October 13, 2021","format":false,"excerpt":"\r Two sites at Slim Barracks Rise awarded to EL Development, Gao XiuhuaParcel A at Slim Barracks Rise was awarded to EL Development for $320.1 million, while Parcel B was awarded to Gao Xiuhua for $162.4 million. Source: URA The tenders for the two sites at Slim Barracks Rise have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/slim-barracks-parcel-a.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":74514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-unveils-land-sales-programme-for-h1-2018\/","url_meta":{"origin":112728,"position":4},"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). 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