With the Government cutting the supply of commercial space, analysts said they expect two commercial sites to be triggered for tender next year. They have been placed for sale on the Reserve List under the Government Land Sales (GLS) Programme for first half of 2015. The two sites comprise the mixed-use site at Woodlands Square and a white site located at Marina View/Union Street. Under the Reserve...
Land Sales
To provide home buyers with more choices for private housing, three sites that can yield about 1,500 homes will be released for sale under the second half of the Government Land Sales (GLS) Programme in 2015. A residential site at Jurong West St 41 was released for sale on Friday (Dec 5) by the Urban Redevelopment Authority (URA), while the Housing and Development Board (HDB) will launch an Executive...
Nineteen land sites were launched for sale on Thursday (Dec 4) under the first half of the Government Land Sales (GLS) Programme for 2015. The 19 sites - six Confirmed List and 13 Reserve List sites - can collectively yield up to 8,770 private residential units once developed, the lowest in five years. These will include 1,010 executive condominium (EC) units and 265,000 square metres of gross floor...
A mixed development site at Holland Village will be put up for sale next month. Usually, tenders are awarded to the highest bidder. But for this site, authorities are exploring various sales mechanisms. They could include asking developers to submit their plans for the site before accepting their bids. The Urban Redevelopment Authority (URA) said details such as the method of sale are still being firmed...
The Urban Redevelopment Authority (URA) has released a two-hectare commercial site at Beach Road for sale, under the Reserve List of the second half of the Government Land Sales (GLS) Programme. The site fronts Beach Road, Rochor Road and Nicoll Highway, and has a 99-year lease period. In a press release issued on Wednesday (Nov 26), URA said the future development on the land parcel can go up to 45...
JTC Corporation has launched three land parcels for sale under the Industrial Government Land Sales (IGLS) programme: Two Confirmed List sites at Tuas South Street 11 and Tampines Industrial Drive, and one Reserve List site at Tampines Industrial Drive. In a news release on Tuesday (Nov 25), JTC said all three are zoned for Business-2 development. The 1-ha site at Tuas South Street 11 has a 20-year...
The Government will be releasing two sites at Anchorvale Crescent and Yishun Avenue 4 for sale in November, according to the Housing and Development Board (HDB) on Tuesday (Nov 18). Anchorvale Crescent is an Executive Condominium site while Yishun Avenue 4 is meant for mixed commercial/residential development. Both sites are in the Confirmed List under the Government Land Sales (GLS) Programme for the...
The Urban Redevelopment Authority (URA) on Tuesday (Oct 28) announced in a media release that a second land parcel in Paya Lebar Central has been launched for sale by public tender. In Jan 2011, the first sale site was launched for tender for commercial use. With a 99-year lease period, URA said the 39,000sqm site located next to Paya Lebar Interchange MRT station will be an accessible location for...
A residential land site at Lorong Puntong attracted 18 bids at the close of a tender by the Urban Redevelopment Authority (URA) on Wednesday (Oct 8). The highest bid of S$173.57 million was submitted by Nanshan Group Singapore Co. Pte Ltd. This works out to about S$731.10 per square foot per plot ratio (psf ppr). The top bid is about 7 per cent higher than the second-highest bid of S$161.9 million by...
The Housing and Development Board (HDB) on Thursday (Oct 2) awarded the land parcel at Sembawang Road and Canberra Link to Qingjian Realty (Residential). The developer's bid of S$229.38 million was chosen by the HDB, over the combined bid of S$208.5 million by Verwood Holdings and TID Residential. The land site is for executive condominium (EC) housing development, and has a lease term of 99 years....