{"id":37805,"date":"2016-12-12T14:33:30","date_gmt":"2016-12-12T07:33:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mcl-land-wins-bid-for-margaret-drive-site\/"},"modified":"2016-12-12T14:38:46","modified_gmt":"2016-12-12T07:38:46","slug":"mcl-land-wins-bid-for-margaret-drive-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mcl-land-wins-bid-for-margaret-drive-site\/","title":{"rendered":"MCL Land wins bid for Margaret Drive site"},"content":{"rendered":"


\nThe 0.48ha site is located close to the Commonwealth MRT station, shopping malls and schools. Source: URA
\nThe 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 for the 0.48ha plot.
\nThe price translates to about $998 psf on the gross floor area.
\nThe land parcel attracted strong interest when it was launched for sale last month, receiving a total of 14 bids during the tender exercise, which closed on 6 December.
\nNearby amenities include the Commonwealth MRT station, as well as shopping, dining and entertainment options at Queensway Shopping Centre, IKEA Alexandra and Alexandra Central. Many schools are also located in the vicinity.
\nThe 99-year leasehold site is expected to yield about 275 condominium units.
\nSource: URA
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…MCL Land wins bid for Margaret Drive site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 0.48ha site is located close to the Commonwealth MRT station, shopping malls and schools....<\/p>\n","protected":false},"author":1,"featured_media":37806,"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-37805","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\/12\/Margaret-Drive-land-parcel-1.jpg?fit=530%2C157&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9PL","jetpack-related-posts":[{"id":32917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/margaret-drive-reserve-list-site-triggered-for-sale\/","url_meta":{"origin":37805,"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":37204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-receives-14-bids-for-margaret-drive-site\/","url_meta":{"origin":37805,"position":1},"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":33853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-margaret-drive-site\/","url_meta":{"origin":37805,"position":2},"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":51526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-queenstown-reserve-list-site\/","url_meta":{"origin":37805,"position":3},"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":60430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chip-eng-seng-unit-submits-700-7m-top-bid-for-woodleigh-lane-site\/","url_meta":{"origin":37805,"position":4},"title":"Chip Eng Seng unit submits $700.7m top bid for Woodleigh Lane site","date":"July 11, 2017","format":false,"excerpt":"\r Aerial view of the plum site at Woodleigh Lane. Image source: URA A plum residential site at Woodleigh Lane just next to Woodleigh MRT station attracted 15 bids at the close of its tender exercise on Tuesday (11 July), said the Urban Redevelopment Authority (URA). CEL Unique Development, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-upcoming-projects-to-look-out-for-in-2017\/","url_meta":{"origin":37805,"position":5},"title":"7 upcoming projects to look out for in 2017","date":"December 7, 2016","format":false,"excerpt":"\r Aerial view of the Clementi Avenue 1 site. Source: URA A slew of new residential projects are set to launch next year, and are expected to attract keen interest from home buyers. Some sites to watch out for are: 1) Siglap Road The 1.93ha site at Siglap Road was\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\/37805"}],"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=37805"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/37806"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}