{"id":73696,"date":"2017-12-05T10:45:29","date_gmt":"2017-12-05T03:45:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-residential-site-at-west-coast-vale\/"},"modified":"2017-12-05T11:04:57","modified_gmt":"2017-12-05T04:04:57","slug":"ura-to-launch-tender-for-residential-site-at-west-coast-vale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-residential-site-at-west-coast-vale\/","title":{"rendered":"URA to launch tender for residential site at West Coast Vale"},"content":{"rendered":"


\nThe Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the residential site at West Coast Vale for sale by public tender.
\nThis comes after the developer committed to bid a price of not less than S$379.988 million in the tender for the site.
\n\u201cAs the minimum price committed by the developer is acceptable to the government, the site will be released for sale by public tender,\u201d said the URA.
\nWith a maximum permissible gross floor area of 54,857 sq m, the 1.9ha site was made available for sale on the reserve list of the second half 2017 Government Land Sales Programme.
\nTricia Song, head of research for Singapore at Colliers International, noted that the West Coast Vale site has been triggered for sale despite the abundance of new and upcoming supply within the area.
\n\u201cWe think this is probably due to the brisk sales chalked up at 752-unit Parc Riviera which is now 87 percent sold as of October 2017, at a median price of S$1,250 psf, since it was launched in November 2016,\u201d she said.
\n\u201cNext to the Parc Riviera site is a new, yet-to-launch project Twin Vew \u2013 which can yield 570 units \u2013 that was sold in February 2017 to China Construction at S$592 psf per plot ratio (ppr).\u201d
\nSong expects the top bid for the site to stand at \u201cabout S$443 million to S$472 million (S$750 to S$800 psf ppr), with a selling price of S$1,300 to S$1,375 psf\u201d.
\nThe trigger price of S$379.988 million translates to S$643.5 psf ppr, she added.
\nMeanwhile, the URA revealed that the public tender for the land parcel will be launched in about two weeks, while the tender period for the site will be about six weeks.
\nThis article was edited by Romesh.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…URA to launch tender for residential site at West Coast Vale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up...<\/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-73696","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-jaE","jetpack-related-posts":[{"id":74956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-residential-site-launched-for-tender\/","url_meta":{"origin":73696,"position":0},"title":"West Coast Vale residential site launched for tender","date":"December 20, 2017","format":false,"excerpt":"\r View of the residential site at West Coast Vale. (Photo: URA) The residential site at West Coast Vale has been launched for sale by public tender after a developer had committed to a bid price of at least $379.988 million, revealed the Urban Redevelopment Authority (URA) on Tuesday (19\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-the-former-zouk-site\/","url_meta":{"origin":73696,"position":1},"title":"URA to launch tender for the former Zouk site","date":"September 29, 2017","format":false,"excerpt":"\r Aerial view of the land parcel at Jiak Kim Street, which includes three conserved shophouses. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Friday (29 September) that it has accepted an application from a developer to put up the former Zouk site at Jiak Kim Street in Robertson\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-margaret-drive-site\/","url_meta":{"origin":73696,"position":2},"title":"URA launches sale of Margaret Drive site","date":"November 11, 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 residential site at Margaret Drive in Queenstown was launched for sale by public tender on Thursday (10 November) by the Urban Redevelopment Authority (URA). Released under the reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37307,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-releases-site-at-west-coast-vale\/","url_meta":{"origin":73696,"position":3},"title":"URA releases site at West Coast Vale","date":"December 7, 2016","format":false,"excerpt":"\r The land parcel is located along Sungei Pandan. Source: URA The Urban Redevelopment Authority (URA) launched a residential site at West Coast Vale for sale on Wednesday (7 December) under the confirmed list of the second half 2016 Government Land Sales (GLS) Programme. The 1.6ha plot can potentially yield\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/12\/west-coast-vale-aerialmap.jpg?fit=530%2C242&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":32917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/margaret-drive-reserve-list-site-triggered-for-sale\/","url_meta":{"origin":73696,"position":4},"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":51526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-launch-tender-for-queenstown-reserve-list-site\/","url_meta":{"origin":73696,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73696"}],"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=73696"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73696\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}