{"id":62006,"date":"2017-07-27T18:20:48","date_gmt":"2017-07-27T11:20:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-north-avenue-1-site-attracts-16-bids\/"},"modified":"2017-07-27T18:35:30","modified_gmt":"2017-07-27T11:35:30","slug":"serangoon-north-avenue-1-site-attracts-16-bids","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-north-avenue-1-site-attracts-16-bids\/","title":{"rendered":"Serangoon North Avenue 1 site attracts 16 bids"},"content":{"rendered":"


\nLocation of the land parcel at Serangoon North Avenue 1. (Photo: URA)
\nThe tender for a residential plot at Serangoon North Avenue 1 closed on Thursday (27 July) after drawing 16 bids, said the Urban Redevelopment Authority (URA).
\nCorson and Wingjoy Investment, entities of Keppel Land and Wing Tai, submitted the top bid of $446.28 million for the approximately 185,022 sq ft site. This works out to a land rate of about $965 psf per plot ratio.\u00a0
\nFCL Residences was the second-highest bidder with $418.7 million, followed by a joint offer of $417.2 million from Singland Homes and UOL Venture Investments.\u00a0
\nLaunched for sale on 30 May under the first half 2017 Government Land Sales programme, the 99-year leasehold site could yield more than 500 homes.
\nSEE ALSO: URA launches 3 residential sites, could yield 1,955 homes
\nThe Chomp Chomp Food Centre, Serangoon Garden Market and Nex shopping mall are located nearby. The future development will also appeal to families with school-going children as it is close to Rosyth School, Nanyang Junior College and the French School.\u00a0
\nThe URA will make a decision on the award of tender after evaluating the bids.
\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…Serangoon North Avenue 1 site attracts 16 bids<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Location of the land parcel at Serangoon North Avenue 1. (Photo: URA) The tender for...<\/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-62006","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-g86","jetpack-related-posts":[{"id":56324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-could-yield-1955-homes\/","url_meta":{"origin":62006,"position":0},"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. Source: URA Three 99-year leasehold residential sites at Woodleigh Lane, Serangoon North Avenue 1 and Yishun Avenue 9 were released for sale on Tuesday (30 May) under the first half 2017 Government Land Sales (GLS) Programme, said the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31820,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-north-reserve-site-triggered-for-sale\/","url_meta":{"origin":62006,"position":1},"title":"Serangoon North reserve site triggered for sale","date":"October 27, 2016","format":false,"excerpt":"\r The 1.7ha private residential site could yield up to 505 homes. Source: URA A 1.7ha residential site in the reserve list of the second half 2016 Government Land Sales (GLS) Programme has been triggered for sale, said the Urban Redevelopment Authority (URA) on Thursday, 27 October. Located at Serangoon\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/10\/Serangoon-North-Ave-1.jpg?fit=531%2C268&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":31845,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-north-reserve-site-released-for-application\/","url_meta":{"origin":62006,"position":2},"title":"Serangoon North reserve site released for application","date":"October 27, 2016","format":false,"excerpt":"\r The 1.7ha private residential site could yield up to 505 homes. Source: URA UPDATED: A 1.7ha residential site in the reserve list of the second half 2016 Government Land Sales (GLS) Programme has been released for application, said the Urban Redevelopment Authority (URA) on Thursday, 27 October. Located at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/10\/Serangoon-North-Ave-1-1.jpg?fit=531%2C268&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":62671,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serangoon-north-avenue-site-awarded\/","url_meta":{"origin":62006,"position":3},"title":"Serangoon North Avenue site awarded","date":"August 3, 2017","format":false,"excerpt":"\r \u00a0 The tender for a 17,189.1 sq m residential site at Serangoon North Avenue 1 was awarded to Corson and Wingjoy Investment, after the entities of Keppel Land and Wing Tai submitted the highest bid of $446.28 million, revealed the Urban Redevelopment Authority on Wednesday (2 August). Launched for\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":62006,"position":4},"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":52468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-2-housing-sites-for-sale\/","url_meta":{"origin":62006,"position":5},"title":"URA launches 2 housing sites for sale","date":"April 21, 2017","format":false,"excerpt":"\r Two housing sites at Stirling Road and Lorong 1 Realty Park were launched for sale by public tender by the Urban Redevelopment Authority (URA) on Thursday (21 April). Offered on a 99-year leasehold tenure, both sites can potentially yield about 1,160 units. The 21,109.5 sq m plot at Stirling\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\/62006"}],"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=62006"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/62006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=62006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=62006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=62006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}