De Souza Avenue
AwardedResidential. URA sale site, built as The Sen.
S$278,900,000
S$9,057.25 psm GFA, about S$841 psf ppr (derived). Awarded 7 August 2024 to SL Capital (8) Pte Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| De Souza Avenue | Residential | 19,245.4 m² | 30,793 m² | SL Capital (8) Pte Ltd | S$278,900,000(S$9,057.25) |
As listed at the close of 18 July 2024 (ura-pr24-37), with the outcome the award of 7 August 2024 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | SL Capital (8) Pte Ltd | S$278,900,000 | S$9,057.25 | S$841 | Awarded |
| 2 | Capital Development Pte. Ltd., parent: CapitaLand Limited | S$228,000,000 | S$7,404.28 | S$688 | 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.
7 August 2024
AwardedTender award for URA sale sites at Canberra Crescent, De Souza Avenue, Zion Road (Parcel B) and Margaret Drive
Awarded to
SL Capital (8) Pte Ltd, S$278,900,000 (S$9,057.25 psm GFA, about S$841 psf ppr).
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1. The Urban Redevelopment Authority (URA) has awarded the tenders for the four sites at Canberra Crescent, De Souza Avenue, Zion Road (Parcel B) and Margaret Drive to the respective highest tenderers, namely Peak Nature Pte Ltd and Huatland Development Pte. Ltd. for the site at Canberra Crescent; SL Capital (8) Pte Ltd for the site at De Souza Avenue; Valerian Residential Pte. Ltd. for the site at Zion Road (Parcel B); and Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd. for the site at Margaret Drive.
2. The sites at Canberra Crescent and De Souza Avenue were launched for tender on 16 April 2024, while the site at Zion Road (Parcel B) and Margaret Drive were launched on 13 May 2024 and 30 May 2024 respectively. The tenders for the sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B) closed on 18 July 2024, while the tender for the site at Margaret Drive closed on 1 August 2024. All four sites were offered for sale on 99-year lease terms.
3. Details of the four awarded sites and the respective successful tenderers are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Canberra Crescent | Residential | 20,435.8 m² | 32,698 m² | Peak Nature Pte Ltd and Huatland Development Pte. Ltd. | $279,000,800.00 ($8,532.66) |
| De Souza Avenue | Residential | 19,245.4 m² | 30,793 m² | SL Capital (8) Pte Ltd | $278,900,000.00 ($9,057.25) |
| Zion Road (Parcel B) | Residential | 9,285.9 m² | 52,002 m² | Valerian Residential Pte. Ltd. | $730,088,888.00 ($14,039.63) |
| Margaret Drive | Residential | 9,522.3 m² | 39,994 m² | Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd. | $497,000,000.00 ($12,426.86) |
18 July 2024
Tender closedTender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)
2 bids disclosed
Highest S$278,900,000 (S$9,057.25 psm GFA) from SL Capital (8) Pte Ltd.
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1. The Urban Redevelopment Authority (URA) closed the tender for the 3 sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B) today.
2. The sites at Canberra Crescent and De Souza Avenue were launched for public tender on 16 April 2024. The site at Zion Road (Parcel B) was on the Reserve List of the Government Land Sales Programme. URA had, on 18 April 2024, accepted a successful application for the site to be put up for sale and it was launched for public tender on 13 May 2024. The 3 sites were offered for sale on 99-year lease.
3. Please see Annexes A, B andC for details of the sites and tender bids received.
4. 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.
16 April 2024
Launched for tenderURA releases two sale sites at Canberra Crescent and De Souza Avenue
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The Urban Redevelopment Authority (URA) has released two residential sites at Canberra Crescent and De Souza Avenue for sale today under the first half 2024 (1H2024) Government Land Sales (GLS) Programme.
The two sites at Canberra Crescent and De Souza Avenue are launched for sale under the Confirmed List and can potentially yield about 730 residential units in total. These form part of the 5,450 residential units to be made available via the Confirmed List of the 1H2024 GLS programme. To cater to demand, the Government has increased the Confirmed List supply of private housing in the GLS programme to 5,450 units in 1H2024, from 4,090 units in 1H2023 and 5,160 units in 2H2023. This is the highest supply on the Confirmed List in a single GLS Programme since the 2H2013 GLS Programme.
Details on the two land parcels can be found in Annex 1._
Other Details The tender for the Canberra Crescent and De Souza Avenue sites will close at 12 noon on 18 July 2024. More details on the two land parcels are available on the URA website at:
16 November 2023
Released on the Reserve ListURA releases sale sites at Holland Drive and De Souza Avenue
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The Urban Redevelopment Authority (URA) has released two residential sites at Holland Drive and De Souza Avenue for sale today under the 2nd half 2023 (2H2023) Government Land Sales (GLS) Programme.
These sites at Holland Drive and De Souza Avenue are available for application under the Reserve List and can potentially yield about 680 residential units and 355 residential units respectively.
Details on the two land parcels can be found in Annex 1.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr24-14/pr24-14a.pdf]
- Site area
- 19,245.4 sqm[ura-pr24-14/pr24-14a.pdf]
- Maximum GFA
- 30,793 sqm
- Minimum 500 sqm childcare centre
- Estimated housing units
- 355[ura-pr24-14/pr24-14a.pdf]
- Height control
- 153m SHD or 10 storeys, whichever is lower[ura-pr24-14/pr24-14a.pdf]
- Facts as stated on
- 16 April 20242 versions on record: 16 November 2023, 16 April 2024. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 18 July 2024, URA's latest quarterly figures were for 1Q2024, published 26 April 2024, 83 days earlier. The 2Q2024 figures followed eight days after the close. The table carries on through four releases after it.
| Private residential | 3Q2023Oct 2023 | 4Q2023Jan 2024 | On the day1Q2024Apr 2024 | 2Q2024Jul 2024 | 3Q2024Oct 2024 | 4Q2024Jan 2025 | 1Q2025Apr 2025 | Trend | Change1Q2024 to 1Q2025 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 196.0 | 201.5 | 204.3 | 206.1 | 204.7 | 209.4 | 211.1 | +3.3% | |
| Non-landed, core central region | 142.5 | 148.1 | 153.1 | 152.6 | 150.9 | 154.8 | 156.0 | +1.9% | |
| Private rental index | 164.5 | 161.0 | 157.9 | 156.6 | 157.9 | 157.9 | 158.5 | +0.4% | |
| Sales | |||||||||
| New homes sold by developers | 1,946 | 1,092 | 1,164 | 725 | 1,160 | 3,420 | 3,375 | +189.9% | |
| Resales | 2,900 | 2,831 | 2,689 | 3,802 | 3,860 | 3,702 | 3,565 | +32.6% | |
| Sub-sales | 355 | 411 | 377 | 388 | 352 | 311 | 321 | −14.9% | |
| Units launched | 2,805 | 1,060 | 1,304 | 634 | 1,284 | 3,425 | 3,139 | +140.7% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 16,747 | 16,929 | 19,936 | 19,940 | 19,405 | 18,125 | −9.1% | ||
| Pipeline with planning approval | 36,949 | 34,251 | 38,167 | 37,768 | 35,475 | 35,305 | 35,364 | −7.3% | |
| Vacancy rate | 8.4% | 8.1% | 6.8% | 6.1% | held | 6.6% | 6.5% | −0.3 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 16 November 2023
URA releases sale sites at Holland Drive and De Souza Avenue
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Retrieved at
- 2026-09-18 14:52:13 UTC
- Prevo reference
- ura-pr23-43
- AnnexPublished 16 November 2023
Annex 1 to URA releases sale sites at Holland Drive and De Souza AvenueVersion v2
Version v2 of the annex as linked from the release page; the authoritative version. Earlier versions were not supplied and are not in the capture, so supersedes_doc_key is null.
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- v2
- Prevo reference
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- Press releasePublished 16 April 2024
URA releases two sale sites at Canberra Crescent and De Souza Avenue
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Prevo reference
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- AnnexPublished 16 April 2024
Annex 1 to URA releases two sale sites at Canberra Crescent and De Souza Avenue
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Press releasePublished 18 July 2024
Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- ura-pr24-37
- AnnexPublished 18 July 2024
Annex A to Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- AnnexPublished 18 July 2024
Annex B to Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- AnnexPublished 18 July 2024
Annex C to Tender closing for URA sale sites at Canberra Crescent, De Souza Avenue and Zion Road (Parcel B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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- Press releasePublished 7 August 2024
Tender award for URA sale sites at Canberra Crescent, De Souza Avenue, Zion Road (Parcel B) and Margaret Drive
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
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