One Leonie Residences

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Two GLS sites launched in Zion Road, Upper Thomson Road to pilot long-stay serviced apartmentsTwo leasehold sites in Upp...
28/03/2024

Two GLS sites launched in Zion Road, Upper Thomson Road to pilot long-stay serviced apartments

Two leasehold sites in Upper Thomson Road and Zion Road have been launched to pilot a new class of long-stay serviced apartments – which come with a three-month minimum stay period – in a bid to meet rising private housing rental demand.

Zion Road Parcel A and Upper Thomson Road Parcel A, which can yield a combined 535 long-stay serviced apartments, are among three sites launched for sale under the second-half 2023 Government Land Sales (GLS) confirmed list on Dec 4.

Together with Upper Thomson Road Parcel B, the three confirmed list sites can yield a total of 2,750 units including long-stay serviced apartments, said the Urban Redevelopment Authority.

The sites are among three on the Government Land Sales (GLS) confirmed list to be launched. Read more at straitstimes.com.

The tenders for the government land sales (GLS) sites at Zion Road (Parcel A) and Upper Thomson Road (Parcel B) will clo...
28/03/2024

The tenders for the government land sales (GLS) sites at Zion Road (Parcel A) and Upper Thomson Road (Parcel B) will close on April 4. Although both sites share the same tender closing date, they have very different locational attributes and development requirements.
Both sites also have another GLS site located adjacent to them. The tender for the Upper Thomson Road (Parcel A) site will close on June 19. Zion Road (Parcel B) site is on the reserve list, so it will not be launched for tender unless it is triggered.
Another similarity is Zion Road (Parcel A) and Upper Thomson Road (Parcel A) plots are slated to be the pilot sites for long-stay serviced apartments, which require a minimum stay of three months, up from the minimum stay of seven days for existing serviced apartments.

Both sites have another GLS site located adjacent to them

Malaysian billionaire cousin Quek Leng Chan’s GuocoLand submitted the top bids totaling S$1.35 billion ($1 billion) for ...
20/01/2022

Malaysian billionaire cousin Quek Leng Chan’s GuocoLand submitted the top bids totaling S$1.35 billion ($1 billion) for two hotly contested residential sites in Singapore, showing confidence that housing demand in the city-state will remain resilient despite a property slump.

Singapore tycoon Kwek Leng Beng’s City Developments and his Malaysian billionaire cousin Quek Leng Chan’s GuocoLand submitted the top bids for two hotly contested residential sites in Singapore, betting housing demand in the city-state will remain resilient despite a property slump.

Thiam Siew Ave freehold sites sold for S$815m; it's biggest housing site sale since 2018 cooling measures
02/12/2021

Thiam Siew Ave freehold sites sold for S$815m; it's biggest housing site sale since 2018 cooling measures

TWO freehold development land parcels at Thiam Siew Avenue, a residential street of landed homes adjacent to Tanjong Katong Road, have been sold for S$815 million to a joint venture between Hoi Hup Realty and Sunway Developments. Read more at The Business Times.

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