{"id":113621,"date":"2020-01-15T09:59:28","date_gmt":"2020-01-15T02:59:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenders-for-jalan-bunga-rampai-irwell-bank-road-sites-awarded\/"},"modified":"2020-01-15T10:09:07","modified_gmt":"2020-01-15T03:09:07","slug":"tenders-for-jalan-bunga-rampai-irwell-bank-road-sites-awarded","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenders-for-jalan-bunga-rampai-irwell-bank-road-sites-awarded\/","title":{"rendered":"Tenders for Jalan Bunga Rampai, Irwell Bank Road sites awarded"},"content":{"rendered":"


\nWee Hur Development and CDL were the highest bidders for the GLS sites. Photo: Irwell Bank Road site.\u00a0
\nThe 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 Tuesday (14 January).
\nLocation of Jalan Bunga Rampai site. Photo: URA
\nAttracting nine bids, the 4,666.6 sq m (50,230 sq ft) site at Jalan Bunga Rampai was awarded to Wee Hur Development, which submitted the top bid of $93.39 million. It\u00a0has a maximum gross floor area of 9,800 sq m and can yield about 115 housing units.\u00a0
\nMeanwhile, the 12,786.5 sq m (137,659 sq ft) site at Irwell Bank Road, which received seven bids, was awarded to City Developments (CDL) after it placed the highest bid of $583.89 million. It has a gross floor area of 35,809 sq m (385,444 sq ft) and can hold around 445 residential units.\u00a0
\nBoth sites were offered 99-year leases, with the tender for the Jalan Bunga Rampai launched on 29 August 2019, while that for Irwell Bank Road on 31 October 2019.
\nThe tenders all closed on 9 January.
\nRELATED STORY:\u00a0What\u2019s New In The URA Master Plan 2019? [Part I Of II]
\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…Tenders for Jalan Bunga Rampai, Irwell Bank Road sites awarded<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wee Hur Development and CDL were the highest bidders for the GLS sites. Photo: Irwell...<\/p>\n","protected":false},"author":1,"featured_media":113622,"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-113621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"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","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tyB","jetpack-related-posts":[{"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":113621,"position":0},"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 "Property News"","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":113621,"position":1},"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 "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-bunga-rampai-residential-site-launched-for-tender\/","url_meta":{"origin":113621,"position":2},"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 "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112111,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/irwell-bank-road-residential-site-for-sale-for-650m\/","url_meta":{"origin":113621,"position":3},"title":"Irwell Bank Road residential site for sale for $650m","date":"November 1, 2019","format":false,"excerpt":"\r This residential site was also launched under the government land sales (GLS) programme\u2019s confirmed list for the second half of 2019. A 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\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":113621,"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":88636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-tenders-for-three-gls-sites\/","url_meta":{"origin":113621,"position":5},"title":"URA awards tenders for three GLS sites","date":"May 18, 2018","format":false,"excerpt":"\r Map showing the location of the Cuscaden Road site. Source: URA The tenders for three sites at Cuscaden Road, Mattar Road and Silat Avenue have been awarded to the highest bidders, or in the case of Silat Avenue, its sole bidder, the Urban Redevelopment Authority said on Thursday (17\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\/113621"}],"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=113621"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/113622"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}