Pine Grove (Parcel A)
AwardedResidential. URA sale site, built as Pinetree Hill.
S$671,500,800
S$14,189.73 psm GFA, about S$1,318 psf ppr (derived). Awarded 14 June 2022 to United Venture Development (No. 5) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Pine Grove (Parcel A) | Residential | 22,534.7 m² | 47,323 m² | United Venture Development (No. 5) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture) | S$671,500,800(S$14,189.73) |
As listed at the close of 2 June 2022 (ura-pr22-24), with the outcome the award of 14 June 2022 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | United Venture Development (No. 5) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture) | S$671,500,800 | S$14,189.73 | S$1,318 | Awarded |
| 2 | Pine II Residential Pte. Ltd. | S$671,500,000 | S$14,189.72 | S$1,318 | Unsuccessful |
| 3 | CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd, Sing-Haiyi Pearl Pte. Ltd. and KSH Ultra Unity Pte. Ltd. | S$623,100,000 | S$13,166.96 | S$1,223 | Unsuccessful |
| 4 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | S$555,800,000 | S$11,744.82 | S$1,091 | Unsuccessful |
| 5 | CDL Constellation Pte. Ltd., parent: City Developments Limited, Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. | S$555,222,000 | S$11,732.60 | S$1,090 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
14 June 2022
AwardedAward of tender for URA sale sites at Pine Grove (Parcel A) and Dunman Road
Awarded to
United Venture Development (No. 5) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture), S$671,500,800 (S$14,189.73 psm GFA, about S$1,318 psf ppr).
Read the press releaseHide the press releaseura-pr22-27
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Pine Grove (Parcel A) and Dunman Road to the highest tenderers, namely United Venture Development (No. 5) Pte. Ltd. for the site at Pine Grove (Parcel A) and Sing-Haiyi Jade Pte. Ltd. for the site at Dunman Road.
The sites at Pine Grove (Parcel A) and Dunman Road were launched for tender on 24 February 2022 and 14 March 2022 respectively. The tenders for these sites closed on 2 June 2022. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Pine Grove (Parcel A) | Residential | 22,534.7 m2 | 47,323 m2 | United Venture Development (No. 5) Pte. Ltd. | $671,500,800 ($14,189.73) |
| Dunman Road | 25,234.3 m2 | 88,321 m2 | Sing-Haiyi Jade Pte. Ltd. | $1,283,888,998 ($14,536.62) |
2 June 2022
Tender closedTender closing for URA sale sites at Pine Grove (Parcel A) and Dunman Road
5 bids disclosed
Highest S$671,500,800 (S$14,189.73 psm GFA) from United Venture Development (No. 5) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture)
Read the press releaseHide the press releaseura-pr22-24
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) closed the tender for the two sites at Pine Grove (Parcel A) and Dunman Road today.
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.
Please see Annex A and B for details of the sites and tender bids received.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
24 February 2022
Launched for tenderURA launches tender for residential site at Pine Grove (Parcel A)
Read the press releaseHide the press releaseura-pr22-10
The Urban Redevelopment Authority (URA) has launched a residential site at Pine Grove (Parcel A) for sale by public tender today under the Confirmed List of the first half 2022 (1H2022) Government Land Sales (GLS) Programme. This site can yield up to 520 residential units.
Details of the land parcel can be found in Annex 1 and the location plan is in Annex 2.
Other Details The tender for this site will close at 12 noon on 2 June 2022. The tender closing for this site will be batched with the residential site at Dunman Road which will be launched for sale in March 2022 under the Confirmed List of 1H2022 GLS Programme.
30 November 2021
Released on the Reserve ListURA releases two sale sites at Pine Grove (Parcels A & B)
Read the press releaseHide the press releaseura-pr21-50
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.
Details of the land parcels can be found in Annex 1 and the location plan is in Annex 2.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr22-10/pr22-10a.pdf]
- Site area
- 22,534.7 sqm[ura-pr22-10/pr22-10a.pdf]
- Maximum GFA
- 47,323 sqm[ura-pr22-10/pr22-10a.pdf]
- Housing units, capped
- 520 maximumA cap stated to manage traffic demand, not an estimated yield.[ura-pr22-10/pr22-10a.pdf]
- Height control
- 153m SHD[ura-pr22-10/pr22-10a.pdf]
- Facts as stated on
- 24 February 20222 versions on record: 30 November 2021, 24 February 2022. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 2 June 2022, URA's latest quarterly figures were for 1Q2022, published 22 April 2022, 41 days earlier. The next release, 2Q2022, came on 22 July 2022. The table carries on through four releases after it.
| Private residential | 3Q2021Oct 2021 | 4Q2021Jan 2022 | On the day1Q2022Apr 2022 | 2Q2022Jul 2022 | 3Q2022Oct 2022 | 4Q2022Jan 2023 | 1Q2023Apr 2023 | Trend | Change1Q2022 to 1Q2023 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 165.3 | 173.6 | 174.8 | 180.9 | 187.8 | 188.6 | 194.8 | +11.4% | |
| Non-landed, core central region | 135.1 | 138.7 | 138.6 | 141.2 | 144.4 | 145.4 | 146.6 | +5.8% | |
| Private rental index | 111.3 | 114.2 | 119.0 | 127.0 | 137.9 | 148.1 | 158.8 | +33.4% | |
| Sales | |||||||||
| New homes sold by developers | 3,550 | 3,018 | 1,825 | 2,397 | 2,187 | 690 | 1,256 | −31.2% | |
| Resales | 5,362 | 4,748 | 3,377 | 4,236 | 3,719 | 2,694 | 2,622 | −22.4% | |
| Sub-sales | 171 | 159 | 141 | 178 | 242 | 204 | 243 | +72.3% | |
| Units launched | 2,149 | 2,275 | 613 | 1,956 | 1,455 | 504 | 1,312 | +114.0% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 17,140 | 14,154 | 14,087 | 15,805 | 15,677 | 16,024 | 16,252 | +15.4% | |
| Pipeline with planning approval | 47,715 | 46,276 | 47,415 | 48,836 | 49,384 | 46,041 | 44,846 | −5.4% | |
| Vacancy rate | 6.4% | 6.0% | 5.3% | 5.4% | 5.7% | 5.5% | 6.0% | +0.7 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 30 November 2021
URA releases two sale sites at Pine Grove (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- c2ea773693622aafdd0f26378fa0348021d8799aff97de7dd87f1f30c9e6e04a
- Size
- 428,524 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-50
- AnnexPublished 30 November 2021
Annex 1 to URA releases two sale sites at Pine Grove (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 8a20416e3160e32131aa032971ff4af5df4284dcda84b68ce055a207799e65d7
- Size
- 5,518 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-50/pr21-50a.pdf
- AnnexPublished 30 November 2021
Annex 2 to URA releases two sale sites at Pine Grove (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 79856d986e9c625f3658c505024b11200c49c021c89f4920f74a75e02e42d823
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- Format
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- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-50/pr21-50b.pdf
- Press releasePublished 24 February 2022
URA launches tender for residential site at Pine Grove (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 9371062fb7df7a1e87bad6dc50c0695a00c79a35e76bdae4a632fb6fb528912f
- Size
- 430,078 bytes
- Format
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- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-10
- AnnexPublished 24 February 2022
Annex 1 to URA launches tender for residential site at Pine Grove (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 574eca73cceb7fb5c416be9ae70ce4dfb5fc9ed5d76823edf9ac6582e55d2323
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- Format
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- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-10/pr22-10a.pdf
- AnnexPublished 24 February 2022
Annex 2 to URA launches tender for residential site at Pine Grove (Parcel A)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 4451f56261e6b5c7bd4e74f4849f2f18023c439128bf727855185e175f56ca81
- Size
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- Format
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- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-10/pr22-10b.pdf
- Press releasePublished 2 June 2022
Tender closing for URA sale sites at Pine Grove (Parcel A) and Dunman Road
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 51957dd08fec5e0f055de50ecd4ba2ad978c1ec58c11c832ae08547b3d61d580
- Size
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- Format
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- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-24
- AnnexPublished 2 June 2022
Annex A to Tender closing for URA sale sites at Pine Grove (Parcel A) and Dunman Road
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 830fb70f398b61d90858e6b3495312fab9fdd2dd3499b10bd5c247fe07176f76
- Size
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- Format
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- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-24/pr22-24a.pdf
- AnnexPublished 2 June 2022
Annex B to Tender closing for URA sale sites at Pine Grove (Parcel A) and Dunman Road
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- bc3e03852ebe641c5055c0f66816933ef03088d9377fc09a5ae4f48772e5f434
- Size
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- Format
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- Retrieved at
- 2026-09-18 12:12:38 UTC
- Prevo reference
- ura-pr22-24/pr22-24b.pdf
- Press releasePublished 14 June 2022
Award of tender for URA sale sites at Pine Grove (Parcel A) and Dunman Road
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- c88bac4248e47e83ac727884a9ac04e442bcfe30d7c88399ff0e4d60232574bf
- Size
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- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-27