GuocoLand places top bid of S$627.8 million for River Valley plot next to Great World MRT station

businesstimes

02-07

A 99-YEAR leasehold private housing site next to Great World MRT Station in the River Valley area fetched five bids at a state tender that closed on Friday (Feb 7).GuocoLand placed the highest bid at ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGuocoLand places top bid of S$627.8 million for River Valley plot next to Great World MRT station\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">businesstimes</strong><span class=\"h-time small\">2025-02-07 09:53</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>A 99-YEAR leasehold private housing site next to Great World MRT Station in the River Valley area fetched five bids at a state tender that closed on Friday (Feb 7).GuocoLand placed the highest bid at ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/property/guocoland-places-top-bid-s627-8-million-river-valley-plot-next-great-world-mrt-station\">網頁鏈接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.businesstimes.com.sg/property/guocoland-places-top-bid-s627-8-million-river-valley-plot-next-great-world-mrt-station\">businesstimes</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4230","symbol_name":"旅客陸運","start_time":0,"source_url":"https://www.businesstimes.com.sg/property/guocoland-places-top-bid-s627-8-million-river-valley-plot-next-great-world-mrt-station","article_id":"2509199711","we_media_id":null,"thumbnails":[],"rights":{"source":"bustime_highlight","url":"https://www.businesstimes.com.sg/property/guocoland-places-top-bid-s627-8-million-river-valley-plot-next-great-world-mrt-station","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2509199711","pubTimestamp":1738893212,"columns":[],"sourceInfo":{"source_id":"bustime_highlight","name":"The Business Times"},"weMediaInfo":null,"summary":"This works out to S$1,420 per square foot per plot ratio; state tender receives four other bids for the site","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4230":"旅客陆运","MRT":"Marti Technologies Inc."},"translate_title":"国浩置地6.278亿新元竞得大世界地铁站旁河谷地块","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRT":1},"content_text":"A 99-YEAR leasehold private housing site next to Great World MRT Station in the River Valley area fetched five bids at a state tender that closed on Friday (Feb 7).GuocoLand placed the highest bid at S$627.8 million – or S$1,420 per square foot per plot ratio (psf ppr) – for the site, River Valley Green (Parcel B). The second-highest bid, from Sing Holdings Residential, was S$576.3 million or about S$1,303.50 psf ppr.Sing-Haiyi Garnet bid S$566 million (S$1,280 psf ppr), and Garden Estates, S$553.6 million (S$1,252 psf ppr).Kingsford Group placed the lowest bid: S$553.1 million or S$1,251 psf ppr.The 126,325-square-foot site, zoned residential with commercial at first storey, can yield about 475 private homes.Tuesday, 12 pmGet an exclusive analysis of real estate and property news in Singapore and beyond.The tender was conducted by the Urban Redevelopment Authority.Serviced apartment and long-stay serviced apartment uses are permitted for the site, subject to approval from technical agencies.Long-stay serviced apartments, with a minimum stay duration of three months, are a rental concept unveiled by the government in November 2023. They differ from regular serviced apartments, which have a seven-day minimum stay.In June last year, a neighouring site, River Valley Green (Parcel A), fetched two bids, with the winning bid by Wing Tai coming in at about S$1,325 psf ppr. In the following month, Zion Road (Parcel B) – further away across the Singapore River – also fetched two bids, with the top bid from Allgreen Properties at S$1,304 psf ppr. Both these plots are zoned for residential useLast April, Zion Road (Parcel A), zoned residential with commercial at first storey and which includes a mandatory long-stay serviced apartment component, drew just one bid – which worked out to S$1,202 psf ppr – from a City Developments Limited and Mitsui Fudosan (Asia) tie-up. The site was awarded.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}