{"id":23811,"date":"2016-08-24T10:01:41","date_gmt":"2016-08-24T03:01:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/16-bids-for-anchorvale-lane-ec-site\/"},"modified":"2016-08-24T10:09:55","modified_gmt":"2016-08-24T03:09:55","slug":"16-bids-for-anchorvale-lane-ec-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/16-bids-for-anchorvale-lane-ec-site\/","title":{"rendered":"16 bids for Anchorvale Lane EC site"},"content":{"rendered":"


\nLocation of the land parcel at Anchorvale Lane. Source: HDB
\nAn executive condominium (EC) site along Anchorvale Lane in the Sengkang area has attracted strong interest from developers, with 16 bids submitted at the end of the public tender exercise on Tuesday (23 August), said the Housing and Development Board (HDB).
\nHoi Hup Realty and Sunway Developments jointly submitted the top bid of $241 million for the land parcel, or $335 psf per plot ratio (psf ppr), followed by a $235 million bid from Wee Hur Development, or $346 psf ppr.
\n\u201cThe race to acquire land has become more intense given that this is the last EC site that will come on the market for the rest of the year,\u201d said Desmond Sim, Head, CBRE Research, Singapore and South East Asia.
\n\u201cThe EC sales market has seen some traction in the last few months. Despite an unprecedented number of unsold stock, the number of unsold EC units has steadily reduced for the last six months since the first quarter of 2016. The stock has dropped to 5,471 unsold units at the end of June, from 6,520 units in Q1 2016. Developers\u2019 interest was also fanned by the recent sales performance of Treasure Crest.
\n\u201cThe 15-month time bar for ECs from award to launch gives developers another reason to remain confident that the unsold stock will reduce further by the time the development is ready for launch,\u201d added Sim.
\nLaunched for sale on 29 June under the confirmed list of the second half 2016 Government Land Sales (GLS) Programme, the 99-year leasehold site can yield up to 635 units.
\nLocated beside Punggol Reservoir, the site is within proximity to the Tongkang LRT station and schools.
\nA decision on the award of the tender will be made after the bids have been evaluated, said the HDB.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…16 bids for Anchorvale Lane EC site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Location of the land parcel at Anchorvale Lane. Source: HDB An executive condominium (EC) site...<\/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-23811","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\/p75ss1-6c3","jetpack-related-posts":[{"id":97984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/close-fight-for-sengkang-ec-site\/","url_meta":{"origin":23811,"position":0},"title":"Close fight for Sengkang EC site","date":"September 17, 2018","format":false,"excerpt":"\r Location map of the land parcel at Anchorvale Crescent. Source: HDB Competition was tight for an executive condominium (EC) site measuring approximately 184,464 sq ft at Anchorvale Crescent in Sengkang, which attracted a total of seven bidders before the tender exercise closed on Friday (14 Sept). According to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25143,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/anchorvale-lane-ec-site-awarded\/","url_meta":{"origin":23811,"position":1},"title":"Anchorvale Lane EC site awarded","date":"September 6, 2016","format":false,"excerpt":"\r Location of the land parcel at Anchorvale Lane. Source: HDB A hotly contested executive condominium (EC) site at Anchorvale Lane in Sengkang was awarded to Hoi Hup Realty and Sunway Developments on Monday (5 September), after the developers jointly submitted the top bid of $241 million, which translates to\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":23811,"position":2},"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":97292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canberra-link-ec-site-receives-healthy-interest-with-nine-bids\/","url_meta":{"origin":23811,"position":3},"title":"Canberra Link EC site receives healthy interest with nine bids","date":"September 5, 2018","format":false,"excerpt":"\r Location map of the land parcel at Canberra Link. Source: HDB The tender for an executive condominium (EC) site in Canberra Link received nine bids, with Hoi Hup Realty and Sunway Developments submitting the highest bid of $271 million. Launched for sale on 28 June, the 99-year site has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94759,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/99-year-leasehold-site-at-anchorvale-crescent-triggered-for-sale\/","url_meta":{"origin":23811,"position":4},"title":"99-year leasehold site at Anchorvale Crescent triggered for sale","date":"July 26, 2018","format":false,"excerpt":"\r Location map of the land parcel at Anchorvale Crescent. Source: HDB An executive condominium (EC) site at Anchorvale Crescent has been triggered for sale by public tender, after a developer committed a minimum bid of $255 million, announced the Housing and Development Board (HDB) on Wednesday (25 July). First\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-launches-three-sites-yielding-700-ecs-over-1300-private-condos\/","url_meta":{"origin":23811,"position":5},"title":"Govt launches three sites yielding 700 ECs, over 1,300 private condos","date":"November 1, 2018","format":false,"excerpt":"\r Aerial view of the white site at Marina View. (Photo: URA) The government released for sale on Wednesday (31 Oct) two confirmed list sites and one reserve list plot that can collectively yield 540 hotel rooms and slightly over 2,000 residential units. In particular, the Housing and Development Board\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\/23811"}],"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=23811"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23811\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}