The government is holding land supply for private homes steady for the first half of 2020, which should keep the residential market stable amid a big supply of unsold units. It said on Tuesday that it will keep the supply of private housing units on the confirmed list for the H12020 government land sales (GLS) programme broadly similar to that for H22019. The Ministry of National Development (MND)...
Land Sales
The Urban Redevelopment Authority (URA) has launched two residential sites (Parcels A and B) at Canberra Drive for sale by public tender under the confirmed list of the second half 2019. The adjacent land parcels, both with 99-year leases, can potentially yield about a total of 675 residential units, the URA said on Thursday. Parcel A spans an area of 13,315.3 square metres (sq m) with a maximum...
The Urban Redevelopment Authority (URA) has launched a residential site at Irwell Bank Road for sale by public tender, it said on Thursday. 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...
A residential development site situated off Upper Serangoon Road has been put up for sale via public tender at an indicative price of S$13.5 million. This works out to S$850 per square foot (psf) on a land area of around 15,871 square feet (sq ft), exclusive marketing agent CBRE said on Tuesday. The site is zoned for residential use with a plot ratio of 1.4, based on the Urban Redevelopment...
A Killiney Road freehold hotel development site is up for sale via an expression of interest exercise, with owner private equity firm Lucrum Capital seeking in excess of S$155 million for it. Located in the Orchard Road precinct, the site has a land area of 13,148 square feet (sq ft) with a gross plot ratio of 2.8, and provisional permission has been obtained to rezone the site for hotel use. This...
A residential site at Jalan Bunga Rampai off Bartley Road has been launched for sale by public tender under the confirmed list of the second half of the 2019 Government Land Sales (GLS) Programme, the Urban Redevelopment Authority announced on Thursday. The development with a 99-year lease occupies a site area of 4,666.6 square metres (sq m), and a maximum gross floor area of 9,800 sq m. Tricia...
JTC on Tuesday launched two sites - one at Tampines for tender, and another at Tuas for application - under the second half of the 2019 Industrial Government Land Sales (IGLS) programme. The launch is part of the government's efforts to offer more choices for industrial development, JTC said. Both sites have a lease tenure of 20 years, and have been zoned "B2" for heavier industrial use. The...
A 30-year leasehold site near Sembawang Park has been put up for tender to pilot a new residential care community concept for persons with dementia. The site at Gibraltar Crescent will be specially designed to provide a safe, home-like environment where residents are assisted to live independently, the Urban Redevelopment Authority (URA) and Ministry of Health (MOH) said in a joint press release on...
A state tender for a 99-year leasehold private housing site along Clementi Avenue 1 has attracted five bids. Units of UOL Group and United Industrial Corporation (UIC) teamed up to place the top bid of S$491.3 million, which works out to S$788.31 per square foot per plot ratio (psf ppr). The second-highest bid came from MCL Land's Vesta SG Residences - it bid slightly more than S$471 million or...
The Urban Redevelopment Authority (URA) on Thursday said it has released three sites for sale, under the first half of the 2019 Government Land Sales Programme. All three sites have a lease tenure of 99 years. The site at one-north Gateway is launched for sale under the confirmed list as part of JTC's efforts to inject more residential spaces in the one-north estate in a bid to meet housing needs,...