{"id":92058,"date":"2018-06-22T11:49:40","date_gmt":"2018-06-22T04:49:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sengkang-central-site-attracts-seven-tenders\/"},"modified":"2018-06-22T12:02:56","modified_gmt":"2018-06-22T05:02:56","slug":"sengkang-central-site-attracts-seven-tenders","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sengkang-central-site-attracts-seven-tenders\/","title":{"rendered":"Sengkang Central site attracts seven tenders"},"content":{"rendered":"


\nLocation map of the land site at Sengkang Central. Source: URA
\nThe tender for a residential and commercial site in Sengkang Central measuring approximately 401,008 sq ft closed on Thursday (21 June) said the Urban Redevelopment Authority.
\nThe 99-year leasehold site with a maximum gross floor area of 842,125 sq ft could yield some 700 housing units. It also has strong potential to become a landmark in the area, said CBRE research head Desmond Sim.
\nMore: URA Launches Tenders For Sengkang Central, Hillview Rise Sites
\nThe tender for the confirmed list site was launched last December via a concept and price tender system, whereby envelopes containing the concept proposals are opened and evaluated first.
\nThe criteria\u00a0 includes the design concept, quality of public realm and the developers\u2019 track record.
\nThereafter, the envelopes containing bid prices will be opened, but only those with qualifying concept proposals will be considered, with the site awarded to the highest bidder.
\nOverall, six parties submitted seven concept proposals. They include a joint venture between CapitaLand and City Developments Limited, Perennial Real Estate Holdings and Qingjian Realty, Wing Tai Holdings and Keppel Land, and Singapore Press Holdings and Kajima Development.
\nProperty consultancy JLL revealed that the site received fewer bids compared to the 247,214 sq ft Holland Road site, which was awarded in May to Far East Organization.
\nNevertheless, it said the land parcel next to Buangkok MRT station attracted \u201cfair interest\u201d from companies with \u201cno shortage of capability and experience in successfully designing and developing the subject parcel\u201d.
\nCBRE\u2019s Sim agrees with JLL. \u201cThe six consortia who have thrown in the bids comprise experienced developers with proven track records. We expect the selection process to be challenging and very comprehensive.\u201d
\nInterested in living in Sengkang? Check out AreaInsider.
\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…Sengkang Central site attracts seven tenders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Location map of the land site at Sengkang Central. Source: URA The tender for a...<\/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-92058","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-nWO","jetpack-related-posts":[{"id":75423,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-tenders-for-sengkang-central-hillview-rise-sites\/","url_meta":{"origin":92058,"position":0},"title":"URA launches tenders for Sengkang Central, Hillview Rise sites","date":"December 29, 2017","format":false,"excerpt":"\r Aerialview of Hillview Rise site. (Photo: URA) The Urban Redevelopment Authority (URA) has launched two sites at Sengkang Central and Hillview Rise for sale by public tender, with the bids to be evaluated under a concept and price revenue tender system. The sites, which come under the confirmed list\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-capitaland-bags-prime-site-in-sengkang-central\/","url_meta":{"origin":92058,"position":1},"title":"CDL-CapitaLand bags prime site in Sengkang Central","date":"August 17, 2018","format":false,"excerpt":"\r A joint venture (JV) between CapitaLand and City Developments Ltd (CDL) has clinched a prime mixed-use site in the heart of Sengkang Central for $777.78 million ($923.6 psf ppr), announced the Urban Redevelopment Authority (URA) on Thursday (16 August). The JV said the 3.7ha (401,008 sq ft) site is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sengkang-grand-residences-apartments-to-open-for-preview-on-friday-with-units-priced-from-798000\/","url_meta":{"origin":92058,"position":2},"title":"Sengkang Grand Residences apartments to open for preview on Friday, with units priced from $798,000","date":"October 24, 2019","format":false,"excerpt":"\r Located in Sengkang Central, the residential component comprises 680 residential units that are spread across nine blocks. Prices start from $798,000 for the one-bedroom with a study unit.\u00a0\u00a0 Property developers CapitaLand and City Developments Limited (CDL) are set to open Sengkang Grand Residences for public preview this Friday (25\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96782,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-first-mixed-use-site-in-pasir-ris-town-centre\/","url_meta":{"origin":92058,"position":3},"title":"HDB launches first mixed-use site in Pasir Ris town centre","date":"August 28, 2018","format":false,"excerpt":"\r The Housing and Development Board (HDB) released for sale on Monday (27 August) a \u2018white site\u2019 measuring 409,068.42 sq ft in Pasir Ris Drive\/Pasir Ris Central that can potentially yield about 600 private homes, reported the Straits Times. Located next to the Pasir Ris MRT station, the residential and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-sale-of-fernvale-road-site\/","url_meta":{"origin":92058,"position":4},"title":"URA launches sale of Fernvale Road site","date":"August 16, 2016","format":false,"excerpt":"\r The sale site at Fernvale Road is close to The Seletar Mall. (Photo: Yasmin Beevi) A residential site at Fernvale Road in Sengkang was launched for sale by public tender on Tuesday (16 August), said the Urban Redevelopment Authority (URA). Offered on a 99-year lease, the 17,196.4 sq m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/08\/Fernvale-Road-site.jpg?fit=470%2C457&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":83221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/holland-road-site-attracts-15-bids\/","url_meta":{"origin":92058,"position":5},"title":"Holland Road site attracts 15 bids","date":"March 20, 2018","format":false,"excerpt":"\r Map showing the location of the land parcel at Holland Road. Source: URA The tender for a plum commercial and residential site at Holland Road closed on Tuesday (20 Mar) after attracting strong interest from developers. A total of 15 bids were submitted for the approximately 247,214 sq ft\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\/92058"}],"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=92058"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92058\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=92058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=92058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=92058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}