{"id":32917,"date":"2016-11-04T05:00:51","date_gmt":"2016-11-03T22:00:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/margaret-drive-reserve-list-site-triggered-for-sale\/"},"modified":"2016-11-04T05:08:45","modified_gmt":"2016-11-03T22:08:45","slug":"margaret-drive-reserve-list-site-triggered-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/margaret-drive-reserve-list-site-triggered-for-sale\/","title":{"rendered":"Margaret Drive reserve list site triggered for sale"},"content":{"rendered":"


\nA developer committed to a minimum bid of about $185.76 million for the 0.48ha site in Queenstown. Source: URA
\nA 0.48ha reserve list site at Margaret Drive in Queenstown has been triggered for sale, after a developer committed to a minimum bid of about $185.76 million in the public tender, said the Urban Redevelopment Authority (URA) on Thursday, 3 November.
\nAs the price committed by the unnamed developer is deemed acceptable to the government, the residential site will be released for sale.
\nThe 99-year leasehold plot is expected to generate a gross floor area of around 22,195 sq m, and could yield up to 275 condominium units.
\nThe land parcel is located near the Commonwealth MRT station. It is also close to shopping malls like Queensway Shopping Centre and IKEA Alexandra, as well as several schools.
\nThe URA will launch the public tender for the site in about one to two weeks.
\nSource: URA
\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…Margaret Drive reserve list site triggered for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A developer committed to a minimum bid of about $185.76 million for the 0.48ha site...<\/p>\n","protected":false},"author":1,"featured_media":32918,"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-32917","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\/2016\/11\/Margaret-Drive-land-parcel.jpg?fit=530%2C157&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8yV","jetpack-related-posts":[{"id":51526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-queenstown-reserve-list-site\/","url_meta":{"origin":32917,"position":0},"title":"URA to launch tender for Queenstown reserve list site","date":"April 11, 2017","format":false,"excerpt":"\r The site at Stirling Road was triggered for sale after a developer committed to a minimum bid of $685,250,000. (Photo: URA) The Urban Redevelopment Authority (URA) announced yesterday that it accepted an application from a developer to put up a residential site at Stirling Road in Queenstown for sale\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-margaret-drive-site\/","url_meta":{"origin":32917,"position":1},"title":"URA launches sale of Margaret Drive site","date":"November 11, 2016","format":false,"excerpt":"\r A developer committed to a minimum bid of about $185.76 million for the 0.48ha site in Queenstown. Source: URA A 0.48ha residential site at Margaret Drive in Queenstown was launched for sale by public tender on Thursday (10 November) by the Urban Redevelopment Authority (URA). Released under the reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-receives-14-bids-for-margaret-drive-site\/","url_meta":{"origin":32917,"position":2},"title":"URA receives 14 bids for Margaret Drive site","date":"December 6, 2016","format":false,"excerpt":"\r The 0.48ha site is within proximity to two MRT stations. Source: URA The tender for a residential site at Margaret Drive in Queenstown closed on Tuesday (6 December) after attracting 14 bids from developers, said the Urban Redevelopment Authority (URA). MCL Land (Regency) submitted the top bid of $238.39\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-developers-jointly-bid-over-1-billion-for-queenstown-site\/","url_meta":{"origin":32917,"position":3},"title":"Foreign developers jointly bid over $1 billion for Queenstown site","date":"May 18, 2017","format":false,"excerpt":"\r The top bid of just over $1 billion for the Stirling Road site translates to a land price of about $1,050 psf. (Photo: URA) The tender for a 2.11ha residential site at Stirling Road in Queenstown attracted substantial interest from developers, with a total of 13 bullish bids submitted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mcl-land-wins-bid-for-margaret-drive-site\/","url_meta":{"origin":32917,"position":4},"title":"MCL Land wins bid for Margaret Drive site","date":"December 12, 2016","format":false,"excerpt":"\r The 0.48ha site is located close to the Commonwealth MRT station, shopping malls and schools. Source: URA The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at Margaret Drive in Queenstown to MCL Land (Regency), after the developer submitted the highest bid of $238.39 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/reserve-list-site-at-fourth-avenue-triggered-for-sale\/","url_meta":{"origin":32917,"position":5},"title":"Reserve list site at Fourth Avenue triggered for sale","date":"November 1, 2017","format":false,"excerpt":"\r The 99-year leasehold site next to Sixth Avenue MRT station could yield about 455 homes. (Photo: URA) A reserve list site at Fourth Avenue in Bukit Timah has been triggered for sale after an unnamed developer committed to a minimum bid of $448.8 million, the Urban Redevelopment Authority (URA)\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\/32917"}],"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=32917"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/32918"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}