The government is expected to announce its land sales programme for the second half of 2013 soon. Analysts expect the state to continue to put out an adequate supply of sites to meet housing demand. But some market watchers suggest that perhaps fewer sites can be offered under the Confirmed List to keep supply in check. In the first half of 2013, the government has set aside 12 residential sites...
Land Sales
In about two weeks, developers can start bidding for the site at Cecil Street/Telok Ayer Street. The sale for the reserve site was triggered after an unknown developer has committed to bid at least S$623.7 million in the tender. The Urban Redevelopment Authority (URA) said the land parcel spans 7,600 square metres. It has a maximum permissible gross floor area of 77,000 square metres and can be...
A land parcel at Anchorvale Crescent has attracted six bids at the close of its tender, according to the Housing and Development Board (HDB). The 23,000 square metre site is for the development of executive condominiums (ECs). The highest bid of S$245.6 million was submitted by Chinese developer Qingjian Realty (South Pacific) Group. This works out to S$331 per square foot per plot ratio. The...
The Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) will be releasing five residential sites for sale this month under the Government Land Sales Programme for the first half of 2013. The government said this is to provide developers and home buyers with more choices for private housing. The five sites are located at Tampines Avenue 10, Toa Payoh Lorong 6, Prince Charles...
An executive condominium (EC) site in Woodlands has attracted seven bids from developers, according to the Housing & Development Board (HDB). The 99-year leasehold site at Woodlands Avenue 5/Woodlands Avenue 6 fetched a top bid of S$216 million from Qingjian Realty (South Pacific) Group. That's about 9 percent above the second highest bid of S$198 million tabled by Bellevue Properties, a wholly-owned...
Keppel Land unit Harvestland Development has won the tender for a private residential site in Kim Tian Road with a top bid of S$550.3 million, Urban Redevelopment Authority data showed on Tuesday. Harvestland’s bid translates to S$1,162.86 per sq ft per plot ratio, the highest ever for a pure residential site, beating the previous record of S$1,107 psf ppr for a site at Farrer Road, said Mr Lee Sze...
The government will be releasing four residential sites for sale this month. The four sites can collectively yield about 1,800 residential units. One executive condominium site at Anchorvale Crescent and two residential sites at Fernvale Close and Faber Walk will be launched for sale on Monday under the Confirmed List. The plot in the landed enclave of Faber Walk can potentially yield 210 units, and...
The tender for a residential site at Sengkang West Way has attracted a total of eight bids. The highest bid of S$262.1 million was submitted by Secure Development, a unit of UOL Group, said the Housing and Development Board (HDB). This translates into about S$489 per square foot per plot ratio. The second highest bid was placed by developer Bayfront Land at S$253.6 million. HDB said the other...
JTC Corporation (JTC) has launched the sale of a plot of industrial land at Loyang Way by public tender on Thursday. JTC said the site has a land area of 20,633 square metres, and is zoned for Business-2 development. This means the plot can be used for industry and warehouse purposes. The land parcel has a tenure of 30 years and gross plot ratio of 2.5. Developers have up to 84 months to complete...
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) will be releasing three residential sites for sale in March 2013 under the Government Land Sales Programme (GLS) for 1st half 2013 (1H2013). Together, these three sites can yield about 845 residential units. An executive condominium site at...