{"id":114864,"date":"2020-03-12T10:55:09","date_gmt":"2020-03-12T03:55:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-awards-tender-for-fernvale-lane-ec-site-to-frasers-property\/"},"modified":"2020-03-12T11:12:23","modified_gmt":"2020-03-12T04:12:23","slug":"hdb-awards-tender-for-fernvale-lane-ec-site-to-frasers-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-awards-tender-for-fernvale-lane-ec-site-to-frasers-property\/","title":{"rendered":"HDB awards tender for Fernvale Lane EC site to Frasers Property"},"content":{"rendered":"


\nHere\u2019s why the site is one to watch. Photo: Google
\nThe Housing and Development Board has awarded the tender for an executive condominium (EC) site at Fernvale Lane to Frasers Property, or FCL Lodge Pte Ltd, after it submitted the highest bid of $286.5 million.
\nLaunched for sale on 30 December 2019, the 99-year leasehold site has an area of 17,129.9 sq m and a maximum gross floor area of 47,964 sq m and can yield up to 480 housing units.\u00a0
\nThe tender for the EC site closed on 3 March, with seven bids received.\u00a0
\nWhile the site sits in the Outside Central Region in District 28, it is within walking distance to several amenities, including\u00a0Greenwich V shopping centre as well as Seletar Mall. It is also close to low-density developments and greenery, while the median price per square foot in D28 has also risen by 28% in the past three years.\u00a0
\nRead: 3 Reasons Why Sengkang\u2019s Fernvale Lane EC is one to Watch
\nMeanwhile, despite the implications of the COVID-19 virus, Tricia Song, Head of Research for Singapore at Colliers International believes developers\u2019 confidence may have been \u201cboosted by the recent stellar performance\u201d at EC projects such as\u00a0OLA Residences in nearby Anchorvale, which received 1,163 e-applications or over two times than the 548 units offered,\u00a0as well as the 496-unit\u00a0Parc Canberra EC, which saw\u00a064% or 316 units snapped up at an average price of $1,085 psf during its February launch.
\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…HDB awards tender for Fernvale Lane EC site to Frasers Property<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s why the site is one to watch. Photo: Google The Housing and Development Board...<\/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-114864","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-tSE","jetpack-related-posts":[{"id":116996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-property-secures-350mil-green-loan-for-its-executive-condo-project\/","url_meta":{"origin":114864,"position":0},"title":"Frasers Property secures $350mil green loan for its executive condo project","date":"June 9, 2020","format":false,"excerpt":"\r Obtained via its subsidiary, Fernvale Lane, the loan marked the group\u2019s tenth green financing initiative and the first green loan for an EC development in Singapore. Photo: Mr Loo Choo Leong, CFO of Frasers Property. Credit: Frasers Property Limited. Frasers Property on Tuesday (9 June) announced that it has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-closes-tender-for-canberra-drive-and-fernvale-lane-sites\/","url_meta":{"origin":114864,"position":1},"title":"URA closes tender for Canberra Drive and Fernvale Lane sites","date":"March 4, 2020","format":false,"excerpt":"\r Parcels A and B received five and four bids respectively, while the EC site at Ferndale Lane was hotly-contested, with seven bids. The tender for two private residential sites in Canberra Drive (Parcels A and B) and an executive condominium (EC) site in Fernvale Lane closed on Tuesday (3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121666,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-greenwich-opens-for-e-application\/","url_meta":{"origin":114864,"position":2},"title":"Parc Greenwich opens for e-application","date":"August 26, 2021","format":false,"excerpt":"\r 496 units are available at Parc Greenwich\u00a0and comprise\u00a0two- to five-bedders\u00a0between 786 sq ft and 1,464 sq ft, as well as penthouses which range between 990 sq ft\u00a0to 1,679 sq ft. Source: Frasers Property Parc Greenwich, a 496-unit joint residential development project of Frasers Property and CSC Land Group, will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/parc-greenwich-condo-landscape-facade-artist-impression-1.jpg?fit=820%2C410&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":114864,"position":3},"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":121984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-greenwich-sells-65-of-units-over-launch-weekend\/","url_meta":{"origin":114864,"position":4},"title":"Parc Greenwich sells 65% of units over launch weekend","date":"September 14, 2021","format":false,"excerpt":"\r Parc Greenwich sells 65% of units over launch weekendAll the 2-bedroom and 5-bedroom apartments were fully sold, while the 3-bedroom units sold 220 of its 370 units. The 4-bedroom apartments also sold 74 out of its 98 units. Photo: Frasers Property Parc Greenwich, an executive condominium (EC) development next\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/Parc-Greenwich-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":27561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fernvale-road-residential-site-attracts-14-bids\/","url_meta":{"origin":114864,"position":5},"title":"Fernvale Road residential site attracts 14 bids","date":"September 28, 2016","format":false,"excerpt":"\r The site on Fernvale Road is close to The Seletar Mall. A 99-year leasehold residential site at Fernvale Road received robust interest during the close of its tender on Tuesday (27 September), with 14 developers bidding for the site. A consortium between Sing Development and Wee Hur Development submitted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/09\/Fernvale-Road-site.jpg?fit=470%2C457&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114864"}],"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=114864"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}