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Tender for Pasir Ris Central white site draws just three bids

Posted by Developer Sales on December 16, 2018
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Pasir ris central land parcel 61008160

 

3.8ha white site at Pasir Ris Central under the government land sales (GLS) programme’s confirmed list for the second half of 2018, saw three bids from developers at the close of the tender yesterday.

Among the bidders was Far East Organization, while Singapore Press Holdings and Kajima Development submitted a joint bid.

The third bid was from Phoenix Residential and Phoenix Commercial. Both companies are owned by Allgreen Properties and Kerry Properties, which are in turn linked to prominent Malaysian business magnate Robert Kuok.

This land parcel at Pasir Ris Central spanning 3.8 ha white site, earmarked for mixed-use commercial and residential developments, was launched for sale yesterday by the Housing Board, as part of its “Remaking Our Heartland” move to rejuvenate Pasir Ris Town. It was said to be a mixed development with bus interchange, a polyclinic and a town plaza, dwelling can build up to 600 private homes

Another stipulation: a maximum permissible gross floor area of 95,010 sq m (1.02 million sq ft), with a proposed gross plot ratio of 2.5.

The 38,003.7 square metre (409,070 square feet) land parcel next to Pasir Ris MRT station can also yield up to 600 private homes, and has a maximum permissible gross floor area of 95,010 sq m, said HDB.

Schools in the area include Elias Park Primary, Hai Sing Catholic School and Loyang Primary.

Source: https://www.businesstimes.com.sg/real-estate/tender-for-pasir-ris-central-white-site-draws-just-three-bids

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