URA, HDB release two residential sites for sale

A researcher said it expects strong turnout for bidders.

The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) released two residential sites at Ang Mo Kio Avenue 1 and Tengah Garden Walk for sale today under the second half 2020 Government Land Sales Programme.

The two sites yield a total of 985 residential units.

Wong Siew Ying, head of research and content at PropNex, said with the improved market sentiments, developers' confidence has returned along with a strong appetite for land acquisition that means a possible strong turnout for bidders at both sites.

Ying predicts the top bid for the Ang Mo Kio Avenue 1 site to be around $273 million to $290 million or $800 to $850 psf per plot ratio whilst placing the Tengah Garden Walk site at $345 million to $365 million or about $520 to $550 psf ppr.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia