{"id":78533,"date":"2018-01-31T10:23:34","date_gmt":"2018-01-31T03:23:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-submits-highest-bids-for-handy-road-west-coast-vale-sites\/"},"modified":"2018-01-31T11:04:13","modified_gmt":"2018-01-31T04:04:13","slug":"cdl-submits-highest-bids-for-handy-road-west-coast-vale-sites","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-submits-highest-bids-for-handy-road-west-coast-vale-sites\/","title":{"rendered":"CDL submits highest bids for Handy Road, West Coast Vale sites"},"content":{"rendered":"


\nThe Urban Redevelopment Authority\u2019s batched tender closing for three residential sites at Chong Kuo Road, Handy Road and West Coast Vale saw City Developments Limited (CDL) submitting the top bids for two sites.
\nCDL bid $212.2 million for the Handy Road plot and $472.4 million for the West Coast Vale site, which works out to a land rate of $1,722 psf ppr and $800 psf ppr, respectively.
\nFor the Chong Kuo Road plot, a consortium comprising Lian Soon Holdings Pte. Ltd. and OKP Land Pte Ltd submitted the top bid of $43.95 million
\nNotably, the Holland Road site attracted 10 bids, six for the West Coast Vale site and eight for the Chong Kuo Road site.
\n\u201cBidding for all three sites was bullish with top bids exceeding or at the top end of expectations. This is despite the batch tender closing which did not seem to tamper bidding in any way as well as the availability of collective sale sites on the market,\u201d said Ong Teck Hui, JLL\u2019s national director for research and consultancy.
\nHe noted that the Handy Road parcel is the most attractive of the three due to \u201cits location off Orchard Road near Dhoby Ghaut interchange station and the abundant amenities nearby\u201d.
\nMeanwhile, CDL revealed that it will explore developing three eight- to 10-storey residential towers, with about 200 apartment units and a basement carpark at the Handy Road site. It also plans to convert the conserved building at the site into a clubhouse.
\nFor the West Coast site, CDL plans to build two 36-storey towers with around 730 apartment units and a basement carpark.
\n\u201cWe are delighted to have submitted the winning bids for the two highly contested sites which have excellent locational attributes and proximity to various amenities,\u201d said CDL Group CEO Sherman Kwek.
\n\u201cWe have been very selective and see great potential in the two sites. We will focus hard on our execution and ensure that we continually raise the bar by creating outstanding developments on both sites that offer good quality and value to our buyers.\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CDL submits highest bids for Handy Road, West Coast Vale sites<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Urban Redevelopment Authority\u2019s batched tender closing for three residential sites at Chong Kuo Road,...<\/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-78533","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-kqF","jetpack-related-posts":[{"id":79272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-3-housing-sites-for-728-55m\/","url_meta":{"origin":78533,"position":0},"title":"URA awards 3 housing sites for $728.55m","date":"February 8, 2018","format":false,"excerpt":"\r The land parcel in West Coast Vale was awarded to a subsidiary of CDL for $472.4 million. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Wednesday (7 February) that it has successfully sold three residential sites for a total of $728.55 million. In particular, the approximately 210,881 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70532,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chong-kuo-and-cuscaden-road-sites-released-for-sale\/","url_meta":{"origin":78533,"position":1},"title":"Chong Kuo and Cuscaden Road sites released for sale","date":"October 31, 2017","format":false,"excerpt":"\r Aerial view of the residential site at Chong Kuo Road off Sembawang Road. (Photo: URA) Two residential sites at Chong Kuo Road and Cuscaden Road have been released for sale under the second half 2017 Government Land Sales (GLS) programme, the Urban Redevelopment Authority (URA) said on Tuesday (31\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/west-coast-vale-residential-site-launched-for-tender\/","url_meta":{"origin":78533,"position":2},"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":52924,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-unit-submits-top-bid-for-tampines-site\/","url_meta":{"origin":78533,"position":3},"title":"CDL unit submits top bid for Tampines site","date":"April 26, 2017","format":false,"excerpt":"\r The top bid of $370.1 million for the 99-year leasehold site works out to about $565 psf on the land. Source: URA The tender for a 2.17ha residential site at Tampines Avenue 10 (Parcel C) closed yesterday after attracting nine bids from property developers, said the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/04\/Tampines-Avenue-10.jpg?fit=795%2C295&ssl=1&resize=350%2C200","width":350,"height":200},"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":78533,"position":4},"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":121034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-plots-at-lentor-central-tampines-street-62-receive-nine-bids-each\/","url_meta":{"origin":78533,"position":5},"title":"Land plots at Lentor Central, Tampines Street 62 receive nine bids each","date":"July 23, 2021","format":false,"excerpt":"\r Land plots at Lentor Central, Tampines Street 62 receive nine bids eachA unit of Guocoland submitted the highest bid for the Lentor Central site at $784 million, which works out to a land rate of $1,204.47 psf ppr, while\u00a0a joint venture between Qingjian Realty and Santarli Construction submitted the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/lentor-site-gls-h12021-crop.png?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78533"}],"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=78533"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}