Irwell Hill Residences

JAN 10, 2020, 5:00

CDL top bidder for Irwell Bank Rd housing site

31 October 2019

URA launches tender for Irwell Bank Road residential site

The Urban Redevelopment Authority (URA) has launched a residential site at Irwell Bank Road for sale by public tender, it said on Thursday (Oct 31).

The site spans an area of 12,789 square metres (sq m) with a gross floor area of 35,809 sq m.

The 99-year leasehold site can yield about 445 residential units, with a maximum building height of 36 storeys.

It is located within a well-established residential area surrounded by existing condominum developments such as The Cosmopolitan and OUE Twin Peak. According to the SRX real estate portal, nearby freehold condo The Cosmopolitan’s last transacted sale in June was at a price of $2,341 per square foot.

The site is near River Valley Primary School, ISS International School and Dimensions International College, and is a few minutes’ walk from the Orchard Road shopping and entertainment belt and Great World City.

It is also within walking distance of the future Great World City MRT Station.

The Irwell Bank Road site was launched under the confirmed list of the government land sales (GLS) programme for the second half of 2019.

Tender for the site closes at 12 noon on Jan 9, 2020, the same deadline for a Jalan Bunga Rampai residential GLS site launched for sale in August.

Tricia Song, head of research for Singapore, Colliers International, said the top bid for the Irwell Bank Road site could be in the $650 million to $680 million range.

That works out to $1,700-1770 psf per plot ratio (ppr), similar to the $1,732.55 psf ppr for the Jiak Kim Street GLS site (Riviere), which was awarded to Frasers Centrepoint in December 2017.

City Developments Limited (CDL) has been Singapore’s property pioneer since 1963. It is a Singapore listed international property and hotel conglomerate involved in real estate development and investment, hotel ownership and management, facilities management and the provision of hospitality solutions.

With an extensive network of more than 300 subsidiaries and associated companies under its wings, the Group currently owns and manages a solid portfolio of residential and investment properties, including hotels. CDL’s network spans 80 locations across 20 countries, including Asia, Europe, Middle East, North America and New Zealand/Australia. Its China division and wholly owned subsidiary, CDL China Limited, has been strategically making inroads in China’s key cities.

In Singapore, CDL has established a remarkable track record of having developed over 22,000 luxurious and quality homes catering to a wide range of market segments. As one of Singapore’s biggest landlords, it owns over 7 million square feet lettable area of office, industrial, retail, residential and hotel space locally and globally. The Group possesses one of the largest land banks amongst private developers in Singapore, with over 3.6 million square feet that has the vast potential of being developed into over 9 million square feet of gross floor area.

Irwell Hill Residences

MVRDV was founded in 1993 by Winy Maas, Jacob van Rijs and Nathalie de Vries. Based in Rotterdam, the Netherlands, we have a global scope, providing solutions to contemporary architectural and urban issues in all regions of the world. Our highly collaborative, research-based design method involves clients, stakeholders, and experts from a wide range of fields from early on in the creative process. The results are exemplary, outspoken projects that enable our cities and landscapes to develop towards a better future.

The work of MVRDV is exhibited and published worldwide and has received numerous international awards. Two hundred and fifty architects, designers and urbanists develop projects in a multi-disciplinary, collaborative design process that involves rigorous technical and creative investigation. MVRDV works with BIM and has official in-house BREEAM and LEED assessors.

The products of MVRDV’s unique approach to design vary, ranging from buildings of all types and sizes, to urban plans and visions, numerous publications, installations and exhibitions.

Completed projects include the Netherlands Pavilion for the World EXPO 2000 in Hannover; the Market Hall, a combination of housing and retail in Rotterdam; the Pushed Slab, a sustainable office building in Paris’ first eco-district; Flight Forum, an innovative business park in Eindhoven; the Silodam Housing complex in Amsterdam; the Matsudai Cultural Centre in Japan; the Unterföhring office campus near Munich; the Lloyd Hotel in Amsterdam; the Ypenburg housing and urban plan in The Hague; the Didden Village rooftop housing extension in Rotterdam; the music centre De Effenaar in Eindhoven; the Gyre boutique shopping center in Tokyo; a public library in Spijkenisse; an international bank headquarters in Oslo, Norway; and the iconic Mirador and Celosia housing in Madrid.

Current projects include a public art depot in Rotterdam, the transformation of a mixed-use building in central Paris, mixed-use high-rises in New York and Shenzhen, and a variety of housing projects in the Netherlands, France, China, India, and other countries. MVRDV is also working on large-scale urban masterplans in Bordeaux and Caen, France and the masterplan for an eco-city in Logroño, Spain. Larger scale visions for the future of greater Paris, greater Oslo, and the doubling in size of the Dutch new town Almere are also in development.

Our research-oriented approach is exemplified by The Why Factory, an independent think tank and research institute that we run together with the Delft University of Technology, which provides an agenda for architecture and urbanism by envisioning the city of the future. This research leads us to deal with issues ranging from global sustainability in large-scale studies such as Pig City, to small, pragmatic architectural solutions for devastated areas such as New Orleans.

MVRDV first published a manifesto of its work and ideas in FARMAX (1998), followed by MetaCity/Datatown (1999), Costa Iberica (2000), Regionmaker (2002), 5 Minutes City (2003), KM3 (2005), Spacefighter (2007) and Skycar City (2007), The Vertical Village (with The Why Factory, 2012) and the firm’s first monograph of built works MVRDV Buildings (2013, with an updated edition published in 2015).

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Founded in 1986, ADDP Architects (renamed to ADDP Architects LLP in 2011) is a multi-faceted architectural practice based in Singapore. We thrive in extensive levels of experience, expertise and resources that encompasses the fields of Master and Urban planning, Architecture and Interior Design. Over the years, ADDP has established a strong base of expertise and competence in providing consultancy services for a wide spectrum of project types in a comprehensive, efficient and effective manner thus gaining acknowledgement and recognition at an international level.

ADDP has been awarded BCI Asia Top 10 architectural firms in Singapore for years 2005 to 2019. To date, we are honoured to achieve 174 awards for our projects.

Irwell Hill Residences