The Pine Grove Parcel A land plot is a highly anticipated launch.
It is situated in the tranquil Pandan Valley residential enclave and is located near several good schools such as Pei Tong Primary School, Henry Park Primary School and School of Science and Technology.
An estimated timeline for the launch of this land plot:
14 June 2022
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Pine Grove (Parcel A) and Dunman Road to the highest tenderers, namely United Venture Development (No. 5) Pte. Ltd. for the site at Pine Grove (Parcel A) and Sing-Haiyi Jade Pte. Ltd. for the site at Dunman Road.
The sites at Pine Grove (Parcel A) and Dunman Road were launched for tender on 24 February 2022 and 14 March 2022 respectively. The tenders for these sites closed on 2 June 2022. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
2 June 2022
The public tender for the two sites at Pine Grove (Parcel A) and Dunman Road were launched on 24 February 2022 and 14 March 2022 respectively.
LAND PARCEL AT PINE GROVE (PARCEL A)
ALLOWABLE DEVELOPMENT : RESIDENTIAL
SITE AREA MAXIMUM : 22,534.7 m²
PERMISSIBLE GFA : 47,323 m²
DATE OF LAUNCH : 24 FEBRUARY 2022
DATE TENDER CLOSED : 2 JUNE 2022
LEASE PERIOD : 99 YEARS
|RANKING||NAME OF TENDERER||TENDERED SALE PRICE ($)||TENDERED SALE PRICE IN $PSM OF GFA|
|1||United Venture Development (No. 5) Pte. Ltd.||671,500,800.00||14,189.73|
|2||Pine II Residential Pte. Ltd.||671,500,000.00||14,189.72|
|3||CEL Development Pte. Ltd., Sing-Haiyi Pearl Pte. Ltd. and KSH Ultra Unity Pte. Ltd.||623,100,000.00||13,166.96|
|4||Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd||555,800,000.00||11,744.82|
|5||CDL Constellation Pte. Ltd., Intrepid Investments Pte. Ltd., TID Residential Pte. Ltd. and Garden Estates (Pte.) Limited||555,222,000.00||11,732.60|
30 Nov 2021
The Urban Redevelopment Authority (URA) has released two residential sites at Pine Grove (Parcels A & B) for sale today under the Reserve List of the second half 2021 (2H2021) Government Land Sales (GLS) Programme. Together, these two sites can yield up to 1,085 residential units.
The Pine Grove Parcel A land plot is located just off Pandan Valley Road and Ulu Pandan Road.
With a site area of 2.25ha (242,188 sqft) the land plot is expected to yield 520 housing units.
Site Area : 22,534.7 m2
Maximum Gross Floor Area : 47,323 m2
Located within an established private residential enclave, the land parcel is linked to major roads and expressways such as Ayer Rajah Expressway (AYE), Clementi Road and Ulu Pandan Road for easy access to various parts of Singapore. Clementi and Dover MRT stations on the East West Line are about 1km away.
Proximity to Schools, Amenities and Park Spaces
Several schools such as Pei Tong Primary School, Henry Park Primary School and School of Science and Technology, Singapore are located nearby.
Amenities such as The Clementi Mall, Grantral Mall @ Clementi and Clementi Avenue 2 Market & Food Centre are a short drive away.
Residents will enjoy proximity to recreational choices such as the nearby upcoming Clementi Nature Trail, which will run along Ulu Pandan Park Connector and connect back to the Rail Corridor.
Location: Pine Grove (Parcel A)
Site Area: 22,534.7 m2
Lease Period: 99 years
Allowable Development: Residential
Maximum Gross Floor Area: 47,323 m2
Maximum Building Height: 153 m SHD (Singapore Height Datum)
Project Completion Period: 60 months
The Land Parcel, bounded by Ulu Pandan Road to the north, Pine Grove and Astor Green condominiums to the south, and Pandan Valley condominium to the east, is designated for residential development within the Bukit Timah Planning Area. It is located within an established private residential area that comprises medium-density (GPR 2.1) condominiums.
The Land Parcel is well-served by bus services that ply Ulu Pandan Road and within easy reach of the Ulu Pandan Park Connector and upcoming Clementi Nature Trail, and nearby educational institutions such as Henry Park Primary School, Pei Tong Primary School, and School of Science and Technology, Singapore. It is located in proximity to amenities such as The Clementi Mall and Grantral Mall @ Clementi. Clementi and Dover MRT stations on the East West Line are about 1km away.
The Land Parcel is also well connected to major roads and expressways such as Ayer Rajah Expressway (AYE), Clementi Road, Ulu Pandan Road and Holland Road.
To future-proof new development sites in Singapore, the Successful Tenderer is required to have active and passive provision of EV charging points for the proposed development as set out in Section 7.0 of the Conditions and Requirements of Relevant Competent Authorities and Public Utility Licensees.