Land Sold : 18 Sep 2023
Winning Developer : CDL Stellar
The Champions Way land plot was announced on 8 Dec 2022 as part of the 1H2023 GLS (Government Land Sales) Programme.
This land plot is situated right beside Innova Primary School, within walking distance to the Woodlands South MRT Station, which is part of the Thomson East Coast Line.
With a land area of 155,000 sqft, this land plot can yield an estimated 350 condo units.
18 September 2023
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Lentor Central and Champions Way to the highest tenderers, namely Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. for the site at Lentor Central; and CDL Stellar Pte. Ltd. for the site at Champions Way.
The sites at Lentor Central and Champions Way were launched for tender on 12 April 2023 and 25 May 2023 respectively. The tenders for these sites closed on 12 September 2023. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) | TENDERED PRICE ($PSF of GFA) |
|---|---|---|---|---|---|---|
| Lentor Central | Residential | 14,703.2 m2 | 41,169 m2 | Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd | $435,166,426 ($10,570.25) | $435,166,426 ($982) |
| Champions Way | Residential | 14,432.5 m2 | 30,309 m2 | CDL Stellar Pte. Ltd. | $294,889,000 ($9,729.42) | $294,889,000 ($903) |
12 September 2023
The Urban Redevelopment Authority (URA) closed the tender for the two sites at Lentor Central and Champions Way today.
The public tender for the two sites at Lentor Central and Champions Way were launched on 12 April 2023 and 25 May 2023 respectively.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
Bids received for Champions Way:
| RANKING | NAME OF TENDERER | TENDERED SALE PRICE ($) | TENDERED SALE PRICE IN $PSM OF GFA | TENDERED SALE PRICE IN $PSF OF GFA |
|---|---|---|---|---|
| 1 | CDL Stellar Pte. Ltd. | 294,889,000 | 9,729.42 | 903.89 |
| 2 | TID Residential Pte. Ltd. | 272,260,000 | 8,982.81 | 834.53 |
| 3 | CNQC-OS (4) Pte. Ltd. and Forsea Residence Pte. Ltd. | 240,010,000 | 7,918.77 | 735.68 |
| 4 | JBE (S) Pte Ltd | 235,332,000 | 7,764.43 | 721.34 |
| 5 | Golden Ray Edge 3 Pte. Ltd. | 215,388,888 | 7,106.43 | 660.21 |
| 6 | Innova Investments Limited | 203,333,333 | 6,708.68 | 623.26 |
25 May 2023
- The two residential sites at Champions Way and Lorong 1 Toa Payoh are part of the increased housing supply under the 1H2023 Government Land Sales Programme to cater to demand
- The commercial site at Punggol Walk will help cater to demand for workspaces near homes and support decentralisation
The Urban Redevelopment Authority (URA) has released two residential sites at Champions Way and Lorong 1 Toa Payoh, and a short-term lease commercial site at Punggol Walk for sale today under the 1st half 2023 (1H2023) Government Land Sales (GLS) Programme.
| Site Location | Champions Way | Lorong 1 Toa Payoh | Punggol Walk |
|---|---|---|---|
| Site Area | 14,432.6 m2 | 15,743.0 m2 | 10,011.5 m2 |
| Land Use Zoning | Residential | Residential | Commercial |
| Maximum Gross Floor Area (GFA) | 30,309 m2 | 66,121 m2 | 14,017 m2 |
| Maximum Building Height | 61m SHD | 145m SHD | 64m SHD |
| Estimated Number of Housing Units | 350 units | 775 units | NA |
| Lease Period | 99 years | 99 years | 30 years |
Sales Launch Date: 25 May 2023, Thursday
Tender Submission Date: 12 September 2023, Tuesday
Site Area : 14,432.6 m2
Maximum Gross Floor Area : 30,309 m2
The Champions Way land plot was announced on 8 Dec 2022 as part of the 1H2023 GLS (Government Land Sales) Programme.
(Read more : Release of first half of 2023 Government Land Sales (GLS) Programme 8 Dec 2022)
This land plot is situated right beside Innova Primary School, and is conveniently located within walking distance to the Woodlands South MRT Station, which is part of the Thomson East Coast Line.
It is also next to the Singapore Sports School and near to the upcoming Woodlands Integrated Healthcare Campus.
Based on an initial estimate, there are 5 primary schools within 1km to the Champions Way land plot, and another 5 primary schools within 1-2km of the land plot.
(Pending final confirmation once the land has been sold to a Developer)
Primary Schools Within 1km:
Primary Schools Within 1-2km:
See here for more information on the Primary Schools of Singapore
There are a number of existing condominium projects around the Champions Way land plot, with Woodhaven being the newest, having achieved TOP in 2015.
The Land Parcel, bounded by Woodlands Drive 17, Champions Way and Woodlands Avenue 1 and adjacent to Innova Primary School to the north, is designated for residential development within the Woodlands Planning Area. It is located within an established residential area that comprises mostly medium-density public housing.
The Land Parcel is well-served by train services along the Thomson-East Coast Line (TEL), with the nearest Woodlands South MRT station within walking distance of the Land Parcel. It is located near educational institutions such as Innova Primary School, Woodgrove Primary School, Christ Church Secondary School, Woodgrove Secondary School and the Singapore Sports School. The soon-to-be completed Woodlands Health Campus (WHC) is also within close reach of the Land Parcel, along with amenities at Vista Point and Woods Square.
The Land Parcel is also well-connected to major roads and expressways such as Seletar Expressway (SLE), Woodlands Avenue 1 and Woodlands Avenue 12.
| PARAMETERS | PROVISIONS/REQUIREMENTS |
|---|---|
| Site Area [1] | 14,432.6 m2 |
| Land Use/Zoning | Residential |
| Type of Proposed Housing Development | The proposed residential development shall be for: a. Condominium; or b. Flats; Serviced Apartments will not be allowed. |
| Permissible Gross Floor Area (GFA) | Maximum GFA: 30,309 m2 Minimum GFA: 27,279 m2 Residential use with a minimum GFA of 500 m2 for Early Childhood Development Centre (ECDC) use. |
| Building Height | Maximum 61.0m SHD [2] as set out in Condition 4.4. The storey height is subject to the approval of the relevant Competent Authorities. |
[1] Subject to final cadastral survey
[2] Building height is based on Singapore Height Datum (SHD)