{"id":70620,"date":"2017-11-01T09:42:42","date_gmt":"2017-11-01T02:42:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/reserve-list-site-at-fourth-avenue-triggered-for-sale\/"},"modified":"2017-11-01T10:02:51","modified_gmt":"2017-11-01T03:02:51","slug":"reserve-list-site-at-fourth-avenue-triggered-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/reserve-list-site-at-fourth-avenue-triggered-for-sale\/","title":{"rendered":"Reserve list site at Fourth Avenue triggered for sale"},"content":{"rendered":"


\nThe 99-year leasehold site next to Sixth Avenue MRT station could yield about 455 homes. (Photo: URA)
\nA reserve list site at Fourth Avenue in Bukit Timah has been triggered for sale after an unnamed developer committed to a minimum bid of $448.8 million, the Urban Redevelopment Authority (URA) said on Tuesday (31 October).
\nAs this is acceptable to the government, the site will be released for sale by public tender.
\nThe 1.9ha site will have a maximum permissible gross floor area of 359,063 sq ft. Offered on a 99-year lease, it is expected to yield about 455 housing units.
\nThe site is next to Sixth Avenue MRT station and is close to various shops and eateries at Coronation Plaza and The Grandstand. Several established schools such as Nanyang Girls\u2019 High School, National Junior College and Hwa Chong Institution are also nearby.
\nEdmund Tie & Co. research head Dr Lee Nai Jia expects the winning bid to be around $567 million ($1,580 psf per plot ratio), with about eight to 10 bids for the site.
\nURA said the tender for the site will be launched at a later date with a tender period of about four weeks.
\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…Reserve list site at Fourth Avenue triggered for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 99-year leasehold site next to Sixth Avenue MRT station could yield about 455 homes....<\/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-70620","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-in2","jetpack-related-posts":[{"id":70840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fourth-avenue-housing-site-selling-for-at-least-448-8m\/","url_meta":{"origin":70620,"position":0},"title":"Fourth Avenue housing site selling for at least $448.8m","date":"November 3, 2017","format":false,"excerpt":"\r An 18,532.2 sq m residential site in Fourth Avenue that could yield about 455 houses was launched for sale via public tender by the Urban Redevelopment Authority (URA) on Thursday (2 November 2017). Offered on a 99-year leasehold tenure, the plot was triggered for sale after the URA said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/margaret-drive-reserve-list-site-triggered-for-sale\/","url_meta":{"origin":70620,"position":1},"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":56324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-could-yield-1955-homes\/","url_meta":{"origin":70620,"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. 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":82855,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-two-sites-at-mattar-road-and-silat-avenue-could-yield-1375-homes\/","url_meta":{"origin":70620,"position":3},"title":"URA launches two sites at Mattar Road and Silat Avenue, could yield 1,375 homes","date":"March 16, 2018","format":false,"excerpt":"\r Aerial view of the sale site at Silat Avenue. Source: URA The Urban Redevelopment Authority (URA) launched two residential sites at Mattar Road and Silat Avenue for sale on Friday (16 Mar) under the confirmed list of the first half 2018 Government Land Sales programme. The two 99-year leasehold\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":70620,"position":4},"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":37204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-receives-14-bids-for-margaret-drive-site\/","url_meta":{"origin":70620,"position":5},"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). 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