This week in property: Highlights from Aug 27 to Aug 31

By EdgeProp Singapore / EdgeProp | August 31, 2018 4:58 PM SGT
Property highlights of the week from Aug 27 to Aug 31:
A 3.8-hectare, 99-year leasehold white site at Pasir Ris Central was launched for sale by public tender on Aug 27. The sale is a dual-envelope exercise under the confirmed list of the government land sales (GLS) programme for the second half of 2018.
The site is the fourth to be launched for sale this year under the concept and price revenue tender system, similar to that of the Sengkang Central GLS site which the CapitaLand-City Developments Ltd joint venture won for $777.78 million ($924 psf ppr) in August; the Hillview Rise GLS site which Hong Leong Group bagged for $460 million ($1,067 psf ppr) in July; and the Holland Road GLS site won by a Far East Organization-led consortium with a bid of $1.213 billion ($1,888 psf ppr) in May.
The mixed-use development will comprise a commercial and residential development integrated with a bus interchange, a polyclinic and a town plaza. It can potentially yield a maximum of 600 private residential units. The development comes under the “Remaking Our Heartland” (ROH) plan for Pasir Ris Town, which was unveiled in April 2017.
Singapore-listed property developer UOL Group has rebranded its OneKM mall in Katong to KINEX. The rebranded mall will offer community-centric features, as well as activities that promote social interaction through experiential offerings. KINEX is located on Tanjong...