{"id":79272,"date":"2018-02-08T10:21:48","date_gmt":"2018-02-08T03:21:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-3-housing-sites-for-728-55m\/"},"modified":"2018-02-08T11:03:52","modified_gmt":"2018-02-08T04:03:52","slug":"ura-awards-3-housing-sites-for-728-55m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-3-housing-sites-for-728-55m\/","title":{"rendered":"URA awards 3 housing sites for $728.55m"},"content":{"rendered":"


\nThe land parcel in West Coast Vale was awarded to a subsidiary of CDL for $472.4 million. (Photo: URA)
\nThe Urban Redevelopment Authority (URA) announced on Wednesday (7 February) that it has successfully sold three residential sites for a total of $728.55 million.
\nIn particular, the approximately 210,881 sq ft plot in West Coast Vale was purchased by a subsidiary of City Developments Limited (CDL) for $472.4 million. The selling price submitted by CDL Pegasus translates to $800 psf based on its maximum permissible gross floor area (GFA) of 590,476 sq ft.
\nCDL Pegasus also acquired the 51,626 sq ft site in Handy Road for $212.2 million, which works out to $1,722 psf based on its GFA of 123,204 sq ft.
\nFinally, a joint venture between Lian Soon Holdings and OKP Land purchased the 46,101 sq ft land parcel in Chong Kuo Road for about $43.95 million. The selling price translates to $681 psf based on its GFA of 64,551 sq ft.
\nAll three entities submitted the highest bids for the three 99-year leasehold sites.
\nPreviously, the land parcels in Chong Kuo Road, Handy Road and West Coast Vale were respectively launched for sale on 31 October, 30 November and 19 December 2017. Thereafter, the three tenders simultaneously closed on 30 January 2018.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…URA awards 3 housing sites for 8.55m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The land parcel in West Coast Vale was awarded to a subsidiary of CDL 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-79272","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-kCA","jetpack-related-posts":[{"id":123544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-pine-grove-sites-released-for-sale\/","url_meta":{"origin":79272,"position":0},"title":"Two Pine Grove sites released for sale","date":"December 1, 2021","format":false,"excerpt":"\r The two Pine Grove sites can potentially yield up to 1,085 units\u00a0altogether. Source: URA Two residential sites at Pine Grove (Parcels A and B) that can jointly yield up to 1,085 units have been released for sale under the reserve list of the second half 2021 Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/PINE-GROVE-URA.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":101956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bugis-gls-sites-expected-to-be-strongly-contested\/","url_meta":{"origin":79272,"position":1},"title":"Bugis GLS sites expected to be strongly contested","date":"December 3, 2018","format":false,"excerpt":"\r Aerial view of the land parcel at Middle Road. Source: URA The Urban Redevelopment Authority (URA) launched two confirmed list sites and another two reserve list plots for sale last Friday (30 Nov) under the second half 2018 Government Land Sales (GLS) programme. Overall, these four sites can yield\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-residential-sites-yielding-1880-homes-released-for-sale\/","url_meta":{"origin":79272,"position":2},"title":"3 residential sites yielding 1,880 homes released for sale","date":"June 1, 2018","format":false,"excerpt":"\r Aerial view of the sale site at Dairy Farm Road. (Photo: URA) Three residential sites that could yield a total of 1,880 housing units were released for sale by the Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) on Thursday (31 May) under the Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123585,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-acquire-central-square-for-315mil\/","url_meta":{"origin":79272,"position":3},"title":"CDL to acquire Central Square for $315mil","date":"December 3, 2021","format":false,"excerpt":"\r Located at 20 Havelock Road, Central Square will be redeveloped into a mixed-use development, with a serviced residence, retail and office units. Source: Google\u00a0Maps City Developments Limited (CDL) is set to redevelop its Central Mall properties, including its surrounding area, into a large-scale mixed-use development, it announced on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/central-square.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70532,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chong-kuo-and-cuscaden-road-sites-released-for-sale\/","url_meta":{"origin":79272,"position":4},"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":122310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-residential-sites-at-lentor-hills-road-jalan-tembusu-released-for-sale\/","url_meta":{"origin":79272,"position":5},"title":"Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale","date":"October 1, 2021","format":false,"excerpt":"\r Three residential sites at Lentor Hills Road, Jalan Tembusu released for saleThree residential sites located at Lentor Hills Road (Parcels A and B) and Jalan Tembusu have been released for sale under the second half 2021 Government Land Sales (GLS) programme, revealed the Urban Redevelopment Authority (URA) on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lentor-gls-1-oct.jpg?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\/79272"}],"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=79272"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79272\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=79272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=79272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=79272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}