{"id":40195,"date":"2017-01-10T17:49:26","date_gmt":"2017-01-10T10:49:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/perumal-road-site-attracts-174m-top-bid\/"},"modified":"2017-01-10T17:56:07","modified_gmt":"2017-01-10T10:56:07","slug":"perumal-road-site-attracts-174m-top-bid","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/perumal-road-site-attracts-174m-top-bid\/","title":{"rendered":"Perumal Road site attracts $174m top bid"},"content":{"rendered":"


\nAerial view of the land parcel at Perumal Road. (Photo: URA)
\nA residential with first storey commercial site at Perumal Road in Litte India attracted strong interest from developers, with 11 bids submitted at the close of its public tender on Tuesday (10 February), revealed the Urban Redevelopment Authority (URA).
\nLow Keng Huat (Singapore) submitted the top bid of $174.08 million for the 0.38ha site. The price works out to about $1,000 psf on the gross floor area. The second-highest bid of $166.7 million came from China Construction (South Pacific) Development, while Hotel Grand Central offered the lowest bid of $90.89 million.
\nLaunched for sale on 29 November 2016, the 99-year leasehold site could yield about 200 homes.
\nDesmond Sim, Head, CBRE Research, Singapore and South East Asia, said: \u201cThe shortage of residential land sites is being keenly felt by developers, going by the tender results of the first GLS land tender for the year. Developers are clearly looking to replenish their depleting inventory and the Perumal plot offers the added bonus of a small size and therefore an affordable quantum of $174 million.
\n\u201cThe site benefits from its proximity to transport nodes \u2013 the Dhoby Ghaut Interchange is only two stops away. Other amenities nearby include the relatively new One Farrer Hotel,\u00a0 Farrer Park Medical Hospital and City Square Mall.\u201d
\nA decision on the award of the tender will be made after the bids have been evaluated, said the 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…Perumal Road site attracts 4m top bid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of the land parcel at Perumal Road. (Photo: URA) A residential with first...<\/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-40195","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-asj","jetpack-related-posts":[{"id":41056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/perumal-road-site-awarded\/","url_meta":{"origin":40195,"position":0},"title":"Perumal Road site awarded","date":"January 18, 2017","format":false,"excerpt":"\r Aerial view of the land parcel at Perumal Road. (Photo: URA) The Urban Redevelopment Authority (URA) has awarded the tender for a residential with first storey commercial site at Perumal Road to Low Keng Huat (Singapore). The company beat out 10 other developers with the highest bid of $174.08\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-releases-two-residential-sites-for-sale\/","url_meta":{"origin":40195,"position":1},"title":"URA releases two residential sites for sale","date":"November 29, 2016","format":false,"excerpt":"\r One of the sites is on Perumal Road, which is near the popular Sutrdee Residences. Source: URA The Urban Redevelopment Authority (URA) released two 99-year leasehold sites for sale today,\u00a0under the 2nd Half 2016 Government Land Sales (GLS) Programme. One of the sites is situated on Perumal Road, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27561,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fernvale-road-residential-site-attracts-14-bids\/","url_meta":{"origin":40195,"position":2},"title":"Fernvale Road residential site attracts 14 bids","date":"September 28, 2016","format":false,"excerpt":"\r The site on Fernvale Road is close to The Seletar Mall. A 99-year leasehold residential site at Fernvale Road received robust interest during the close of its tender on Tuesday (27 September), with 14 developers bidding for the site. A consortium between Sing Development and Wee Hur Development submitted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/09\/Fernvale-Road-site.jpg?fit=470%2C457&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":43588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-site-draws-291-99m-top-bid\/","url_meta":{"origin":40195,"position":3},"title":"West Coast Vale site draws $291.99m top bid","date":"February 10, 2017","format":false,"excerpt":"\r The land parcel is located along Sungei Pandan. Source: URA A residential site at West Coast Vale received nine bids when its tender closed on Thursday (9 February), said the Urban Redevelopment Authority (URA). Launched for sale last December, the 1.6ha site next to Parc Riviera could yield up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/02\/west-coast-vale-aerialmap.jpg?fit=530%2C242&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":103032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kampong-java-road-residential-site-attracts-7-bids\/","url_meta":{"origin":40195,"position":4},"title":"Kampong Java Road residential site attracts 7 bids","date":"January 17, 2019","format":false,"excerpt":"\r Location map of the land parcel at Kampong Java Road. Source: URA The tender for a residential site at Kampong Java Road attracted seven bids, with CELH Development, a unit of Chip Eng Seng Corporation, submitting the highest bid of $418.4 million, revealed the Urban Redevelopment Authority (URA) on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73812,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-closed-tender-for-jiak-kim-street-and-fourth-avenue-sites\/","url_meta":{"origin":40195,"position":5},"title":"URA closed tender for Jiak Kim Street and Fourth Avenue sites","date":"December 6, 2017","format":false,"excerpt":"\r View of the land parcel at Jiak Kim Street. (Photo: URA Map) Two residential plots in Jiak Kim Street and Fourth Avenue attracted a total of 17 bids with the combined top bid amounting to nearly $1.51 billion, after the Urban Redevelopment Authority (URA) closed the tender for both\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\/40195"}],"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=40195"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40195\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=40195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=40195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=40195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}