{"id":112930,"date":"2019-12-07T14:02:33","date_gmt":"2019-12-07T07:02:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/massive-kampong-bugis-white-site-launched-for-sale\/"},"modified":"2019-12-07T14:04:27","modified_gmt":"2019-12-07T07:04:27","slug":"massive-kampong-bugis-white-site-launched-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/massive-kampong-bugis-white-site-launched-for-sale\/","title":{"rendered":"Massive Kampong Bugis white site launched for sale"},"content":{"rendered":"


\nNearly the size of 14 football fields, a sprawling 8.2 ha white site at Kampong Bugis on the Government Land Sales (GLS) reserve list has been made available for application by the Urban Redevelopment Authority (URA) on 5 December.
\nLocated at the mouth of Kallang River and located near to Lavender, Kallang and Bendemeer MRT stations,\u00a0the 99-year leasehold site has a maximum gross floor area (GFA) of 390,000 sq m, which could yield a maximum of 4,000 housing units, according to URA.
\nMeanwhile, 50,000 sq m of GFA for the Kampong Bugis white site will be designated for complementary uses, which may include serviced apartments, retail, offices and community uses such as a senior activity centre, as well as sports and recreational facilities.
\nThe entire\u00a0precinct is expected to take 11 to 13 years to complete.
\nKampong Bugis a \u201cfuture waterfront residential precinct\u201d: URA
\nThe white site, envisioned by URA to be a future waterfront residential precinct that is car-lite, community-centric and sustainable, will be released for sale to a master developer.\u00a0As part of the project, the\u00a0existing Kallang Riverside Park will be enhanced with new public spaces to better serve the public.
\nArtist impression of possible buildings at Kampong Bugis.
\nTo attract developer interest, URA revealed that it has drawn up an \u201coption scheme\u201d, which is a flexible payment scheme, and a \u201cphased-development approach\u201d that allows the developer to phase the development of the site in tandem with market demand with lower upfront costs and risks.
\nTo ensure that the developer\u2019s concept proposal is aligned with the government\u2019s vision for the site, the concept and price revenue tender approach will be adopted, in which concept proposals and tender prices are separately submitted by tenderers.
\nOnly concept proposals deemed compelling will be shortlisted to proceed to the evaluation\u2019s second stage, which will then be based on price only.
\nRECOMMENDED ARTICLE:\u00a0Analysed: The Three GLS Residential Confirmed Sites For 1H 2020
\nTweak to bidding system for Kampong Bugis site
\nFor this site, URA will introduce a modification to the concept and price revenue tender approach.
\n\u201cSpecifically, a tenderer with an outstanding concept proposal identified at the first concept evaluation stage will be offered the option to top up its bid price to match the highest bid price amongst all the shortlisted concept proposals in the second price stage, in the event that the tenderer is not the highest bidder,\u201d said URA.
\n\u201cThis is to strongly incentivise tenderers to draw up exceptional concept proposals, as they would have a greater chance of securing the tender while achieving the best possible development outcomes for these two sites.\u201d
\nHowever, URA clarified that the top-up option will only be offered \u201cvery selectively\u201d to one or two proposals which are considered \u201cexceptionally outstanding amongst all shortlisted concept proposals\u201d.
\nIn case no outstanding proposal is identified, the award will be given to the highest bidder.
\nLooking for a home near the future Kampong Bugis development? See all available properties for sale\/rent on PropertyGuru.
\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…Massive Kampong Bugis white site launched for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nearly the size of 14 football fields, a sprawling 8.2 ha white site at Kampong...<\/p>\n","protected":false},"author":1,"featured_media":112931,"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-112930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/kampong-bugis-white-site-development-condo.jpg?fit=680%2C453&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tns","jetpack-related-posts":[{"id":85968,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-preparatory-works-soon-underway-for-kampong-bugis-redevelopment\/","url_meta":{"origin":112930,"position":0},"title":"Land preparatory works soon underway for Kampong Bugis redevelopment","date":"April 20, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kampong Bugis in future. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Thursday (19 Apr) that it is preparing the 17.4ha Kampong Bugis precinct for construction works to transform it into a green car-lite waterfront residential precinct. \u201cKampong Bugis will be an open and inclusive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47143,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-introduce-master-developer-approach-in-kampong-bugis\/","url_meta":{"origin":112930,"position":1},"title":"Govt to introduce master developer approach in Kampong Bugis","date":"March 8, 2017","format":false,"excerpt":"\r Artist\u2019s impression of future development in Kallang Riverside and the Kampong Bugis area. Image source: URA The government will introduce the master developer approach in Kampong Bugis, a 17.4ha residential precinct bounded by the Kallang River, Crawford Street and Kallang Road. \u201cThis approach can help achieve better integration between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50201,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kallang-river-transformation-may-offer-100000-new-homes\/","url_meta":{"origin":112930,"position":2},"title":"Kallang River transformation may offer 100,000 new homes","date":"March 30, 2017","format":false,"excerpt":"\r Kallang River is set to get a facelift, which will include new waterfront homes and recreational facilities. (Photo: URA) There is potential to develop another 100,000 residential units along both sides of the Kallang River over the next 20 years, revealed the Urban Redevelopment Authority (URA). The URA announced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-upcoming-precincts-to-yield-about-18500-homes\/","url_meta":{"origin":112930,"position":3},"title":"3 upcoming precincts to yield about 18,500 homes","date":"October 17, 2017","format":false,"excerpt":"\r Artist\u2019s impression of future development in Kallang Riverside and the Kampong Bugis area. (Photo: URA) Minister for National Development Lawrence Wong has launched an exhibit on Monday (16 October) that showcases some preliminary ideas regarding three upcoming residential precincts that can potentially yield a total of 18,500 houses. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-for-kampong-bugis-white-site-may-be-limited\/","url_meta":{"origin":112930,"position":4},"title":"Interest for Kampong Bugis white site may be limited","date":"June 7, 2019","format":false,"excerpt":"\r This comes as developing the site may require a sizeable cost. While it may be attractive to a large developer, the white site at Kampong Bugis is expected to attract limited interest only. This comes as developing the site may require a sizeable cost. Wong Xian Yang, senior manager\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":112930,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112930"}],"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=112930"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/112931"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}