The government has reinstated the confirmed list for its Land Sales or GLS programme. The confirmed list for the first half of next year consists of eight residential sites. They include two executive condominium sites. The eight confirmed list sites comprise four new sites and four sites carried over from the second half land sales programme for this year. The National Development Ministry said these...
Land Sales
Singapore's Ministry of National Development on Friday announced its biggest half-yearly land sales programme for the first half of 2010 since the reserve list system was started in H2 2001. This follows very strong demand for private homes seen in the past eight months. This will ensure there will be enough supply to meet demand, Urban Redevelopment Authority's senior group director, land sales and...
The Urban Redevelopment Authority (URA) has received a top bid of S$251 million for a residential site at Upper Thomson Road. The bid was submitted by Treasure Well Investments and works out to about S$5,741 per square metre. The URA said it received a total six bids with the lowest one at S$135 million. Among the bidders of the site were Frasers Centrepoint and Sim Lian Land. The Upper Thomson Road...
The Urban Redevelopment Authority (URA) will launch a tender for an industrial site at Pioneer Road North and Soon Lee Drive. The land parcel was previously placed under the reserve list system. It has an area of 1.9 hectares and a lease period of 30 years. Under the system, a site would be released for sale only if it receives a bid with a minimum price that is acceptable to the government. An unnamed...
A commercial redevelopment site at Thomson Village has been offered for sale by tender. Real estate services firm and sole marketing agent CB Richard Ellis (CBRE) said the site, located off Upper Thomson Road, has an approximate area of 13,387 square feet. It comprises eight strata-titled commercial units and a piece of vacant land, with an asking price of S$24 million. CBRE said: "Based upon a plot...
The Housing & Development Board (HDB) on Monday accepted an application under the Reserve List System to put up a residential land parcel at Jurong West for public tender. HDB said it will launch the tender for the land parcel in about two weeks. The land parcel is at Westwood Avenue and it is proposed for the development of landed housing. The area covers 14,098.9 square metres and is for a lease...
The freehold site at Angullia Park that The Parisian sits on has been sold for S$283 million. The buyer is China Sonangol Land, part of the China Sonangol international holding company headquartered in Hong Kong. According to real estate consultancy CB Richard Ellis which brokered the deal, this is the biggest private residential land sale in two years. The site, located near Orchard Road, can...
Revenue from government land sales fell 41 per cent to S$7.3 billion in the last fiscal year ended March 2009. But analysts said despite the decline for the full year, land prices have actually risen 30 per cent in the past six months and there are some concerns that this could lead to another property bubble. Showflats have been packing in the crowds for many months now. Demand for land has also picked...
The Urban Redevelopment Authority (URA) received 15 bids at the close of the tender for the residential site at Serangoon Avenue 3 on Wednesday. The site, which was originally on the Reserve List of the Government Land Sales Programme, was launched for public tender on September 9. The 99-year leasehold site has an area of about 13,877 square metres and a maximum permissible gross floor area of 38,857...
Property developers in Singapore are calling for the government to release more land sites in less central areas so that they can build more affordable mass market homes. On the sidelines of a lunch hosted by the Real Estate Developers' Association of Singapore (REDAS) on Friday, industry players said demand for private homes will continue to rise and push up prices. It said most of the recent...