{"id":55809,"date":"2017-05-24T11:01:47","date_gmt":"2017-05-24T04:01:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/stirling-road-site-secured-by-consortium-for-s1bil\/"},"modified":"2017-05-24T11:10:25","modified_gmt":"2017-05-24T04:10:25","slug":"stirling-road-site-secured-by-consortium-for-s1bil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stirling-road-site-secured-by-consortium-for-s1bil\/","title":{"rendered":"Stirling Road site secured by consortium for S$1bil"},"content":{"rendered":"


\nThe tender exercise\u00a0for the land parcel near Queenstown MRT station closed on 18 May 2017 with a\u00a0winning bid of S$1,050.70 psf.
\nThe Urban Redevelopment Authority (URA) revealed on Tuesday (23 May) that the tender for the residential site at Stirling Road has been awarded to a consortium which submitted the highest of bid of slightly over S$1 billion or S$11,309.72 psm (1,050.70 psf).
\nThe winning consortium consisted of Logan Property (Singapore) Company Pte Ltd and Nanshan Group Singapore Co. Pte. Ltd.
\nOffered on a 99-year lease term, the land parcel near Queenstown MRT station was launched for public tender on 20 April, and the exercise closed\u00a0on 18 May 2017.
\nTODAYonline reported that this is the first time that a site solely dedicated for residential units under the Government Land Sales (GLS) programme has surpassed the S$1 billion mark.
\nIn total, the tender attracted 13 bids, many coming from big developers or consortia.
\nWith a land area of 21,109.5 sqm (227,221 sq ft), the site has a gross plot ratio of 4.2 and a maximum permissible gross floor area of 88,660 sqm (954,327 sq ft), which is expected to yield around 1,110 houses.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Stirling Road site secured by consortium for Sbil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The tender exercise\u00a0for the land parcel near Queenstown MRT station closed on 18 May 2017...<\/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-55809","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-ew9","jetpack-related-posts":[{"id":55249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-developers-jointly-bid-over-1-billion-for-queenstown-site\/","url_meta":{"origin":55809,"position":0},"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":51526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-queenstown-reserve-list-site\/","url_meta":{"origin":55809,"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":37805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mcl-land-wins-bid-for-margaret-drive-site\/","url_meta":{"origin":55809,"position":2},"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":73812,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-closed-tender-for-jiak-kim-street-and-fourth-avenue-sites\/","url_meta":{"origin":55809,"position":3},"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":[]},{"id":74512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parkway-mansion-sold-for-146-99mil-to-sustained-land-led-consortium\/","url_meta":{"origin":55809,"position":4},"title":"Parkway Mansion sold for $146.99mil to Sustained Land-led consortium","date":"December 14, 2017","format":false,"excerpt":"\r After two failed attempts at a collective sale, Parkway Mansion has finally been sold to a consortium led by Sustained Land Pte Ltd for $146.99 million. Colliers International revealed that the sale price was 6.5 percent higher than the owners\u2019 guide price of $138 million during the tender launched\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-response-for-pasir-ris-central-white-site\/","url_meta":{"origin":55809,"position":5},"title":"Weak response for Pasir Ris Central white site","date":"December 17, 2018","format":false,"excerpt":"\r Location map of the land parcel at Pasir Ris Central. Source: HDB The tender for a white site at Pasir Ris Central closed last Friday (14 Dec), with three bids received. The bidders were Laguna Garden Limited and Far East Commercial Trustee Pte. Ltd.; Phoenix Residential Pte. Ltd. &\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\/55809"}],"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=55809"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=55809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=55809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=55809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}