No bids received for private housing site in one-north at URA tender

businesstimes

04-29

[SINGAPORE] No bids were received for a 99-year leasehold private residential site in the Mediapolis area of the one-north precinct at a state tender for the site closed on Tuesday (Apr 29).Zoned ...

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The commercial component is capped at 4,306 square feet gross floor area.\rAnalysts polled by The Business Times had predicted zero to four bids for the site, with the highest bid projected to be in the S$925-S$1,150 per square foot per plot ratio (psf ppr) range.Analysts have pointed to site-specific reasons – the plot is not near an MRT station, as well as private housing supply from sites already sold in Media Circle including the 358-unit Bloomsbury Residences launched earlier this month and the estimated 325 units that could be yielded from the Media Circle (Parcel A) awarded in March this year.The tender was conducted by the Urban Redevelopment Authority.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}