Through its wholly-owned subsidiary CDL Triton, City Developments (CDL) beat 7 other bidders to win the 210,622 square feet (sq ft) Jalan Tembusu site at the tendered price of S$768 million. Based on the site's maximum permissible gross floor area (GFA) of 589,744 sq ft, this translates to about S$1,302 per sq ft per plot ratio (psf ppr).
The Business Times (BT) had previously reported that the price came in at the upper end of the range forecast by property consultants polled by BT before the tender closed on Jan 18.
CDL said it planned to develop a residential project on the site, comprising 4 blocks of 20 to 21 storeys with a total of about 640 residential units.
Allowable Development: Residential
Site Area : 19,567.4 sqm
Maximum Permissible GFA : 54,789 sqm
Date of Launch : 30 Sep 2021
Date Tender Closed : 18 Jan 2022
Lease Period : 99 years
|RANKING||NAME OF TENDERER||TENDERED SALE PRICE ($)||TENDERED SALE PRICE IN $PSM OF GFA|
|1||CDL Triton Pte. Ltd.||768,000,000.00||14,017.41|
|2||Intrepid Investments Pte. Ltd., Garden Estates (Pte.) Limited and TID Residential Pte. Ltd.||712,600,000.00||13,006.26|
|3||Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd||708,100,000.00||12,924.13|
|4||Far East Civil Engineering (Pte.) Limited, CSC Land Group (Singapore) Pte. Ltd., Sekisui House, Ltd. and Stamford Land Development 1 Pte. Ltd.||678,300,000.00||12,380.22|
|5||CEL Development Pte. Ltd., Sing-Haiyi Emerald Pte. Ltd. and TK 189 Development Pte. Ltd.||653,833,333.00||11,933.66|
|6||UED Alpha Pte. Ltd. and Soilbuild Group Holdings Ltd.||618,888,118.00||11,295.85|
|7||Winchamp Investment Pte. Ltd.||571,999,999.00||10,440.05|
|8||Pine II Residential Pte. Ltd.||460,000,000.00||8,395.85|
30 September 2021
The Urban Redevelopment Authority (URA) released three residential sites at Lentor Hills Road (Parcels A & B) and Jalan Tembusu for sale today under the second half 2021 (2H2021) Government Land Sales (GLS) Programme.
The residential sites at Lentor Hills Road (Parcel A) and Jalan Tembusu are launched for sale under the Confirmed List while Lentor Hills Road (Parcel B) is available for application under the Reserve List. Together, these three sites can yield about 1,500 residential units.
The tender for the land parcels at Lentor Hills Road (Parcel A) and Jalan Tembusu will close at 12 noon on 18 January 2022.
Sales Launch Date: 30 September 2021, Thursday
Tender Submission Date: 18 January 2022, Tuesday
Site Area: 19,567.4 m²
Maximum Gross Floor Area: 54,789 m²
The Jalan Tembusu land plot is located at the intersection between Jalan Tembusu and Tanjong Katong Road, next to Tanjong Katong Girls' School, and within reasonable walking distance to the upcoming Tanjong Katong Thomson East Coast Line MRT Station.
The land parcel is about 1 km from Dakota MRT Station on the Circle Line and about 600 m from the future Tanjong Katong MRT Station on the Thomson-East Coast Line, providing easy access to the city centre and other parts of Singapore. It is also conveniently linked to major roads and expressways such as East Coast Parkway (ECP) and Mountbatten Road.
Proximity to Schools and Amenities
Educational institutions such as Chung Cheng High School (Main), Tanjong Katong Girls’ School, Tanjong Katong Primary School and Tanjong Katong Secondary School are in close proximity. Amenities such as eateries and speciality grocery stores along Tanjong Katong Road, and Parkway Parade are also a short distance away.
The Land Parcel is located along Jalan Tembusu within the Marine Parade Planning Area.
Located near the upcoming Tanjong Katong MRT station along the Thomson-East Coast Line, future residents would be able to tap on the convenience of mass rapid transit and enjoy easy access to the city centre. The Land Parcel is also well served by bus services that provide good connectivity to key commercial and recreational nodes such as Paya Lebar Central and Singapore Sports Hub.
Amenities such as eateries along Tanjong Katong Road and educational institutions such as Chung Cheng High School, Tanjong Katong Girls School, Tanjong Katong Secondary School, and Tanjong Katong Primary School are also within easy reach by foot.
Land Use and Quantum
The Land Parcel is zoned for Residential use. The maximum permissible Gross Floor Area (GFA) for the development is 54,789 m 2 and the total GFA to be built is not to be less than 49,311 m2 .
The Land Parcel is to be developed for Residential use as condominium or flats, or with written approval of the Competent Authority, a combination of flats and strata landed houses.
The development is subject to a building height control of 70m - 75m SHD.
All construction equipment and temporary structures, such as cranes, piling rigs, etc., as well as permanent structures, such as water tanks, mechanical and electrical (M&E) equipment, lift motor rooms, TV antennae, etc., are subject to the maximum allowable height control of 70m – 75m SHD, and are to comply with the requirements of the relevant Competent Authorities. The successful tenderer shall obtain written approval from Civil Aviation Authority Singapore (CAAS) prior to mobilising and/or installing any construction equipment. In addition, the successful tenderer shall seek clearance from Republic of Singapore Airforce (RSAF) for the use of construction equipment and temporary structures above 52m SHD.
Electric Vehicles (EV) charging infrastructure provision
To future-proof new development sites in Singapore, the Successful Tenderer is required to include active and passive provision of EV charging points for the proposed development.
Active provision refers to charging points that are fully wired and ready for use by EVs. Passive provision refers to catering of sufficient electrical power at the consumer switch room(s) and/or substation(s) to allow more chargers to be installed and activated easily when demand increases in future.
As a start, the Successful Tenderer is to ensure at least 15% of the total car-park lots can minimally support 3-Phase AC Type 2 chargers with power output of 7kW per charging point (i.e. passive provision), of which at least 1% must be installed with EV charging points (i.e. active provision). The detailed requirements are set out in Clause 7.2.5 to 7.2.7 of the Conditions and Requirements of Relevant Competent Authorities and Public Utility Licensees.