{"id":60430,"date":"2017-07-11T18:09:11","date_gmt":"2017-07-11T11:09:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chip-eng-seng-unit-submits-700-7m-top-bid-for-woodleigh-lane-site\/"},"modified":"2017-07-11T18:18:44","modified_gmt":"2017-07-11T11:18:44","slug":"chip-eng-seng-unit-submits-700-7m-top-bid-for-woodleigh-lane-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chip-eng-seng-unit-submits-700-7m-top-bid-for-woodleigh-lane-site\/","title":{"rendered":"Chip Eng Seng unit submits $700.7m top bid for Woodleigh Lane site"},"content":{"rendered":"


\nAerial view of the plum site at Woodleigh Lane. Image source: URA
\nA 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).
\nCEL Unique Development, a unit of Chip Eng Seng Corporation, submitted the top bid of $700.7 million for the 99-year leasehold site. This works out to $1,110 psf per plot ratio.
\nThe next highest bid of $695 million came from Corson and Wingjoy Investment, followed by a $688.1 million offer from Verwood Holdings and Logan Property.
\nAnalysts had predicted stiff competition for the 1.9ha site due to its location near an MRT station and given recent aggressive land bidding behaviour.
\nLaunched for sale on 30 May under the confirmed list of the first half 2017 Government Land Sales programme, the site could yield approximately 735 units.
\nThe land parcel is located adjacent to Bidadari New Town and is also near NEX shopping mall and various schools including St Andrew\u2019s Secondary School, Maris Stella High School and Stamford American International School.
\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\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Chip Eng Seng unit submits 0.7m top bid for Woodleigh Lane site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of the plum site at Woodleigh Lane. Image source: URA A plum residential...<\/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-60430","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-fIG","jetpack-related-posts":[{"id":60894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/woodleigh-lane-residential-site-awarded\/","url_meta":{"origin":60430,"position":0},"title":"Woodleigh Lane residential site awarded","date":"July 17, 2017","format":false,"excerpt":"\r \u00a0 A 1.9ha residential site at Woodleigh Lane has been awarded to CEL Unique Development, after the Chip Eng Seng unit submitted the highest bid of S$700.7 million, revealed the Urban Redevelopment Authority on Friday (14 July). The tender for the plum site attracted 15 bids, with the winning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/woodleigh-lane-site-expected-to-attract-stiff-competition\/","url_meta":{"origin":60430,"position":1},"title":"Woodleigh Lane site expected to attract stiff competition","date":"May 31, 2017","format":false,"excerpt":"\r Aerial view of the plum site at Woodleigh Lane, which is expected to attract bullish bidding. Image source: URA Out of the three 99-year leasehold sites launched for sale yesterday under the first half 2017 Government Land Sales programme, the 1.9ha plot at Woodleigh Lane is the most attractive,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-could-yield-1955-homes\/","url_meta":{"origin":60430,"position":2},"title":"URA launches 3 residential sites, could yield 1,955 homes","date":"May 30, 2017","format":false,"excerpt":"\r Location plan for the site at Woodleigh Lane. 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The 99-year leasehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-woodleigh-residences-to-launch-this-weekend-from-1733-psf\/","url_meta":{"origin":60430,"position":4},"title":"The Woodleigh Residences To Launch This Weekend From $1,733 psf","date":"May 9, 2019","format":false,"excerpt":"\r Boasting Japanese designs, the 99-year leasehold project will sit atop The Woodleigh Mall and enjoy connectivity to Woodleigh MRT Station as well as an air-conditioned underground bus interchange. The Woodleigh Residences, a premium integrated development project by Japanese real estate developer Kajima Development and Singapore Press Holdings (SPH), will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-july-2017\/","url_meta":{"origin":60430,"position":5},"title":"News Roundup (July 2017)","date":"July 21, 2017","format":false,"excerpt":"\r Our top Singapore property stories. \u2018Bungalow in the sky\u2019 up for sale for $100m A three-storey penthouse equipped with a private pool on the 64th floor has been put up for sale for a whopping $100 million, reported Reuters. Set to become the most expensive apartment in Singapore, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/07\/HDB-flats-1024x683.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60430"}],"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=60430"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60430\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}