{"id":120584,"date":"2021-06-30T01:20:16","date_gmt":"2021-06-29T18:20:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-anak-bukit-site-attracts-five-bids\/"},"modified":"2021-07-18T17:03:19","modified_gmt":"2021-07-18T10:03:19","slug":"jalan-anak-bukit-site-attracts-five-bids","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-anak-bukit-site-attracts-five-bids\/","title":{"rendered":"Jalan Anak Bukit site attracts five bids"},"content":{"rendered":"


\nJalan 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).
\nThe tender for a commercial and residential site at Jalan Anak Bukit attracted five bids when it closed on Tuesday (29 June).
\nSince the site was launched under the dual-envelope concept and price revenue tender system, the Urban Redevelopment Authority (URA) revealed only the names of the bidders but not their bid prices.
\nFar East Organization and Sino Group submitted three separate bids via various entities \u2013 FE Landmark, FEC Residences Trustee, and FEC Retail Trustee.
\n\u201cWith the most number of bids submitted under the two-envelope system, FEO is determined to win the site. This strategy has been used by them in the two-envelope tender for Holland Village,\u201d said Huttons Asia CEO Mark Yip.
\nAllgreen Properties, through Dragon Commercial and Dragon Residential, also submitted a bid for the integrated transport hub at Jalan Anak Bukit.
\nYip noted that Allgreen has been \u201csubmitting bids for integrated developments under a two-envelope system\u201d.
\n\u201cThey had participated in Holland Village and Pasir Ris Central tenders and won the Pasir Ris Central site. It may be part of their strategy to have multiple projects along the Bukit Timah stretch,\u201d he said.
\nRead also:\u00a0Government Land Sales (GLS) Programme Guide (Updated With GLS Sites for 2H2021!)
\nThe final bid came from a joint venture between Wing Tai Holdings\u2019 entity Winchoice Investment and Perpetual (Asia), the trustee of Mercatus Commercial Trust.
\nLaunched for sale on 30 June 2020, the 99-year leasehold site has an area of 32,185 sq m and a maximum permissible gross floor area (GFA) of 96,555 sq m.
\n\u201cThis site will be the centrepiece in the rejuvenation of the entire Beauty World area,\u201d said Yip.
\nThe concept and price revenue tender system requires bidders to submit their concept proposals and tender prices in two separate envelopes.
\nURA noted that only those with acceptable concepts will advance to the second stage.
\n\u201cThe site will then be awarded to the tenderer with the highest bid price among those with acceptable concept proposals,\u201d it said.
\nHowever, URA also noted that this is not an announcement of the tender award; the decision on the award of the tender will be announced at a later date.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Jalan Anak Bukit site attracts five bids<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Jalan Anak Bukit site attracts five bidsThe five bids were from Far East Organization and...<\/p>\n","protected":false},"author":1,"featured_media":120585,"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-120584","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\/2021\/06\/jalan-anak-bukit-gls-2020-crop.png?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vmU","jetpack-related-posts":[{"id":121738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jalan-anak-bukit-site-awarded-to-far-east-organization-sino-group\/","url_meta":{"origin":120584,"position":0},"title":"Jalan Anak Bukit site awarded to Far East Organization, Sino Group","date":"August 31, 2021","format":false,"excerpt":"\r Jalan Anak Bukit site awarded to Far East Organization, Sino GroupURA said the winning concept proposal \u201cis compelling in its well-considered site planning, design response to tropical climate and integration of the various uses and public spaces\u201d. The tender for a commercial and residential site at Jalan Anak Bukit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/jalan-anak-bukit-gls-2020-crop.png?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":117470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-jalan-anak-bukit-site-for-tender\/","url_meta":{"origin":120584,"position":1},"title":"URA launches Jalan Anak Bukit site for tender,","date":"July 1, 2020","format":false,"excerpt":"\r URA envisions the site as a distinctive development and identity marker for the Beauty World precinct. Photo: URA The Urban Redevelopment Authority (URA) on Tuesday (30 June) launched a concept and price revenue tender for a commercial and residential site at Jalan Anak Bukit under the Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87072,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hillview-rise-site-attracts-nine-bids\/","url_meta":{"origin":120584,"position":2},"title":"Hillview Rise site attracts nine bids","date":"May 4, 2018","format":false,"excerpt":"\r Aerial view of the residential site at Hillview Rise. (Photo: URA) Despite having technical conditions, a residential site at Hillview Rise off Upper Bukit Timah attracted nine tender submissions from eight bidders at the close of the state tender yesterday (3 May) under a dual-envelope concept and price tender\u2026","rel":"","context":"In "Property News"","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":120584,"position":3},"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":51644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/24-bids-received-for-toh-tuck-road-site\/","url_meta":{"origin":120584,"position":4},"title":"24 bids received for Toh Tuck Road site","date":"April 12, 2017","format":false,"excerpt":"\r The 99-year leasehold site in Upper Bukit Timah saw fierce bidding from developers looking to replenish their land banks. Image source: URA A 1.87ha residential site at Toh Tuck Road in Upper Bukit Timah attracted overwhelming interest from property developers, with a total of 24 bids submitted after the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/04\/Aerial-view-of-the-site-at-Toh-Tuck-Road.jpg?fit=797%2C299&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":105537,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/middle-road-site-attracts-10-bids-sims-drive-site-gets-5-bids\/","url_meta":{"origin":120584,"position":5},"title":"Middle Road site attracts 10 bids, Sims Drive site gets 5 bids","date":"March 29, 2019","format":false,"excerpt":"\r The tender for two sites at Middle Road and Sims Drive received keen interest, with the Middle Road site attracting 10 bids. 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