{"id":33853,"date":"2016-11-11T10:31:55","date_gmt":"2016-11-11T03:31:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-margaret-drive-site\/"},"modified":"2016-11-11T10:39:06","modified_gmt":"2016-11-11T03:39:06","slug":"ura-launches-sale-of-margaret-drive-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-margaret-drive-site\/","title":{"rendered":"URA launches sale of Margaret Drive site"},"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 residential site at Margaret Drive in Queenstown was launched for sale by public tender on Thursday (10 November) by the Urban Redevelopment Authority (URA).
\nReleased under the reserve list of the second half 2016 Government Land Sales (GLS) Programme, the site has a maximum gross floor area of 22,195 sq m. The 99-year leasehold site could yield around 275 homes.
\nOn 3 November, the URA received an application from a developer to put the site up for public tender. In fact, the developer committed to a minimum bid of $185.758 million for the site.
\nNearby amenities include two MRT stations (Commonwealth and Queenstown), churches, schools and a public library.
\nThe tender for the site will close on 6 December, said the URA. \u201cAny tender below the minimum bid price of $185.758 million will not be considered,\u201d it noted.
\nSource: URA
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…URA launches sale of Margaret Drive site<\/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":33854,"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-33853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/11\/Margaret-Drive-land-parcel-1.jpg?fit=530%2C157&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8O1","jetpack-related-posts":[{"id":32917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/margaret-drive-reserve-list-site-triggered-for-sale\/","url_meta":{"origin":33853,"position":0},"title":"Margaret Drive reserve list site triggered for sale","date":"November 4, 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 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-queenstown-reserve-list-site\/","url_meta":{"origin":33853,"position":1},"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":37204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-receives-14-bids-for-margaret-drive-site\/","url_meta":{"origin":33853,"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":33853,"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":33853,"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":73696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-residential-site-at-west-coast-vale\/","url_meta":{"origin":33853,"position":5},"title":"URA to launch tender for residential site at West Coast Vale","date":"December 5, 2017","format":false,"excerpt":"\r The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the residential site at West Coast Vale for sale by public tender. This comes after the developer committed to bid a price of not less than S$379.988 million in the tender for the site.\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\/33853"}],"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=33853"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/33853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/33854"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=33853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=33853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=33853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}