THE Urban Redevelopment Authority (URA) will launch for public tender a plum site along Central Boulevard in the Marina Bay area after an unnamed party made a successful application for the site's release. The white site is on the Reserve List of the Government Land Sales programme for H2 2016. The developer has committed to bid at a price of at least S$1.536 billion at tender; this works out to S$1,010...
Land Sales
welve industrial sites have been released under the Industrial Government Land Sales (IGLS) Programme for the second half of 2016, amid a slowing economic outlook and weakening demand for factory space. There will be seven sites on the confirmed list and five sites on the reserve list, with a total site area of 11.7 hectares, the Ministry of Trade and Industry said on Tuesday (Jun 28). Compared to...
An Executive Condominium (EC) site in Sengkang which could yield about 653 homes has been released for public tender, the Housing and Development Board (HDB) said on Wednesday (Jun 29). The 21,014.6 sqm site in Anchorvale Lane is located beside Punggol Reservoir and can be accessed via Tongkang LRT station. The site is on the confirmed list of the Government Land Sales Programme for the first half of...
A 99-year leasehold private housing site at the corner of Martin Place and River Valley Close offered by Urban Redevelopment Authority (URA) has attracted 13 bids at a state tender that closed on Tuesday. The highest bid, from GuocoLand unit First Bedok Land, was for S$595.1 million or S$1,239 per square foot per plot ratio (psf ppr). The second highest bid, from a four-way partnership involving Hong...
LAND for private housing including executive condominiums (ECs) that will be offered by the government in the second half of the year is slightly more than in the first half. This is mainly due to a 39.1 per cent rise in the confirmed list supply to 2,170 homes (no ECs), from 1,560 (635 ECs) in H1. Putting things in perspective, National Development Minister Lawrence Wong said in a blog post that the...
Property market observers were all agog on Wednesday about a choice commercial and residential site along Upper Serangoon Road right next to Woodleigh MRT Station that will be launched on the confirmed list in December this year. It is for a mixed-use development that could yield an estimated 825 private homes and about 15,000 square metres gross floor area (GFA) of commercial space. This will...
MINISTER for National Development Lawrence Wong said the government factored in the drop in the number of remaining unsold private homes, as well as the corresponding pick-up in new private home sales at a monthly average rate of 600 units over the last 12 months, in minting the second-half state land sales programme. In a blog post titled "Finding The Right Balance" on Wednesday following the Ministry...
The Ministry of National Development (MND) announced on Wednesday (Jun 8) that it has launched four Confirmed List sites and 11 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2016. The Confirmed List sites include three private residential sites at Fernvale Road, Perumal Road and West Coast Vale, and a commercial and residential site at Upper Serangoon Road,...
THE downtrend in the supply of state land in the confirmed list for private housing (excluding executive condos) development may be reversed in the second-half of this year. Some property consultants predict a moderate rise in supply, citing developers' strong appetite for land replenishment and a recent pick-up in private home sales. The timing of any potential tweaking of cooling measures would also...
THE Urban Redevelopment Authority (URA) on Wednesday released detailed sales conditions for a residential site at West Coast Vale. The 16,378-square-metre site, which can potentially yield up to 520 residential units, is available for application under the Reserve List of the first-half 2016 Government Land Sales programme. It has a 99-year lease and the permissible potential gross floor area is...