URA Concept Tender For Jalan Anak Bukit Draws Developer Interest
The URA has extended the deadline of its concept tender for the Jalan Anak Bukit spot. Developers have expressed interest in the site after the URA did not disclose pricing details for its proposals. Among the developers who have submitted bids for the Jalan Anak Bt spot are Sino Grp, Far East Org and SMRT Corp., which have recently operated a two-envelope technique in Holland Village.
URA offers longer tender period for Jalan Anak Bukit
The Urban Redevelopment Red Cross (URA) has announced an extension of the tender period for Jalan Anak Bukit, allowing 2 bidders more time to complete their proposals. A centralised cooling system and a centralized heating and cooling system are among the other requirements for the project. The inter-ministerial Green Plan was recently unveiled. The winning bidder will also have to install a centralised cooling system and other energy-saving measures.
In addition, the Urban Redevelopment Red Cross has extended the tender period for Jalan Anak Bukit, a 3.2 hectare site within the Beauty World precinct. The site is expected to yield 865 private lodging units, including flats and overhauled condos. The most extensive floor area is 96,551 square meters, with additional 400 square meters for shops.
The site is estimated to yield 2,000 sqm of commercial space, which can be developed into strata-titled retail units and offices. The URA said on Thursday that the site will be batched with an executive condominium site, bringing a total GFA of 210,578 sq ft. The remaining space will be devoted to residential use. Listed developers will be required to submit a concept proposal as well as tender rates. The shortlisted proposals will be evaluated on price alone.
The extended tender period for the COVID-19 site is good news for developers. The land is a 99-year leasehold site with the potential to become an iconic landmark. Nevertheless, despite the longer time frame, it requires significant investments to bring the site to life. ERA Realty Head of Research and Consultation Nicholas Mak said that the project would attract investors despite the uncertainty of the Covid-related pandemic.
Allgreen bids for incorporated transportation center
Allgreen Properties recently handed in a bid for an incorporated transportation centre at Jalan Anak Bukit. Its recent bids for integrated property developments at Pasir Ris Central and Holland Village are a signal of its ambition to build more in the area. The firm may also be planning to develop more projects along the Bt Timah stretch in the future. As a group, Allgreen is owned by Wing Tai Holdings, Winchoice Inv and Perpetual (Asia).
AHTD rejected AllGreen’s bid for an incorporated transportation center on December 1, 2015, citing high bid costs. The company, which is owned by Ben Wall, originally sought permission to build a municipal landfill in Screven County. However, just hours before the vote, Ben Wall dropped his application. As a result, Screven County will keep AllGreen as its transportation provider. But Screven County may still opt for another alternative.
The URA Concept Tender for Jalan Anak Bukit has drawn interest from various developers. The prime 3.2-hectare parcel in Bukit Timah is a coveted location in the city centre. This site is slated to yield approximately 865 private units, a bus interchange and up to 20,000 square metres of commercial space. The competition for this property has drawn five tenders from developers, with the winning bidder receiving a share of the land.
The three shortlisted tenderers submitted strong architectural designs and overall development concepts. They drew inspiration from the Bukit Timah Hill and successfully incorporated various uses and public spaces. All three shortlisted developers have a track record in mixed-use developments and have proven their worth. They are all looking forward to securing this prestigious project and are eager to begin work on it.
The URA has welcomed the dual-envelope tender process for the site. In order to win the tender, developers need to submit both a concept proposal and tender rates. The shortlisted proposals will be evaluated according to a set of criteria. The shortlisted proposals will then be evaluated solely on their pricing. In order to get the best deal, developers must be able to offer a price that is not more than 20 percent higher than the lowest bidder’s bid.
In the URA’s latest concept tender for Jalan Anak Bukit, the developers are seeking an identity marker that will be unique and distinctive. The precinct is expected to be a mixed-use urban village and a southern gateway to Bukit Timah’s nature attractions. The site must also provide a pedestrian-friendly connection to nearby attractions and bus-stops, as well as public spaces that are well-formulated.
The URA Concept Tender for Jalan Anak Bukit draws interest from developers and investors alike. The project will consist of residential and commercial units, and will cost about $301.2 million. In addition to residential units, it will have retail and commercial spaces. Developers have indicated that the condo will be pocket-friendly compared to Jurong East. It will have five hundred units and will have retail and office spaces.
The Daintree Residence is a sleeper hit among new property jobs in the city. The project comprises 327 units and sales have increased to 14 units on its first weekend. In addition, it is the best-seller that weekend as well, with 70 units sold so far. And that is without any rate modifications. Its developer, SP Setia International, said the development has been well received. With the tender for the project, it has been able to sell 188 units, or 57.5 percent of its total stock.
Located within the prime Bukit Timah residential neighbourhood, the development is located within a few minutes’ drive of the city’s major expressways. Its location makes it highly accessible, with direct access to Pan Island Expressway and the Dunearn Road. A walk to Beauty World MRT station puts the Daintree Residence within easy reach of major amenities and transportation.
The Daintree Residence Concept Tender For the Jalan Anak Bukit site is attracting developer interest amid its prime location. With over 3.2 hectares, the site can yield 865 private homes. Of this, 5,000 square meters are set aside for a bus interchange, while the remaining 19% of the site is zoned for retail and restaurants.
The URA hopes to establish a distinctive identity marker for the Jalan Anak Bukit site as a gateway to the nature attractions of Bukit Timah. The land above the station will not be developed, so developers will have to compete with one another for it. A recent commercial launch, the Linq at Beauty World, is also set to bring new life to the area. The proposed development will also feature a fully-formulated public space.
The developers of the Jalan Anak Bukit site, Qingjian Realty, have submitted the highest bid of all. Their bid is 6.6% higher than TID Residential, which is owned by Hong Leong Holdings. The high bid of Qingjian Realty also indicates the developer’s confidence in the land. Its track record in the Singapore real estate scene demonstrates its ability to offer competitive psf and design.