07 Mar '11, 8am

The Pine Grove condominium is up for tender at $1.7 billion

The Pine Grove condominium is up for tender at $1.7 billion

The tender price also makes it Singapore's largest residential collective sale, beating the $1.34 billion record set by Farrer Court in 2007. -- ST PHOTO: JOYCE FANG THE Pine Grove condominium is up for tender at $1.7 billion. At a site area of about 893,000sqft or 1,500 units each at 1,200sqft, Pine Grove is the 'largest en bloc site', according to real estate services firm Jones Lang LaSalle. The tender price also makes it Singapore's largest residential collective sale, beating the $1.34 billion record set by Farrer Court in 2007. The site has a gross plot ratio of up to 2.1 and can be redeveloped into a residential development of up to 24 storeys. The land has been zoned for residential use. Jones Lang LaSalle says the land will appeal to consortiums as it can be redeveloped into a landmark development or be divided into several smaller parcels for phase developement. ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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[CNA] Keppel Land wins Sengkang residential tender

channelnewsasia.com 18 Mar '11, 1pm

SINGAPORE: Property developer Keppel Land has been awarded a residential site tender to build up to 630 dwelling units in ...