The government will be releasing eight confirmed list sites and 15 reserve list sites under the Government Land Sales (GLS) programme for the first half of next year. The sites can yield up to 11,600 private residential units, including 2,800 executive condominium (EC) units, and 193,000 square metres (sqm) gross floor area (GFA) of commercial space. The number of units for the first half of next...
Land Sales
Developers will likely moderate their bids for the two executive condominium (EC) sites in Choa Chu Kang Grove that were released for sale yesterday, as recent changes to the rules governing the hybrid private-public housing scheme are expected to hit demand from upgraders. The adjacent sites with identical areas of 177,120 sq feet, released under the Confirmed List of the Government Land Sales...
The government has launched a commercial site near the Woodlands MRT station for sale by public tender next month. This is the first site to be put up for sale in the Woodlands Regional Centre since detailed plans for the area were announced as part of the Draft Master Plan 2013 on November 20. In a statement on Tuesday, the Urban Redevelopment Authority (URA) said the proposed development on the...
The Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA) said today (Dec 16) that they are releasing five residential sites for sale this month under the 2nd half 2013 (2H2013) Government Land Sales (GLS) Programme. The five land parcels are expected to yield about 3,000 residential units collectively, the HDB and URA said in a joint statement issued this morning. Sale of...
The trade and industry ministry today (Dec 16) launched its Industrial Government Land Sales Programme (IGLS) for the first half of 2014 with eight Confirmed List sites and five on the Reserved List with a total site area of 20.42 hectares. The Ministry of Trade and Industry (MTI) said in a statement this morning that “proposed land quantum for the first half 2014 reflects a continuation of the...
The tender for the industrial site at Gambas Crescent (Parcel 3) attracted a total of four bids, with Grow-Tech Properties placing the highest bid at S$39.33 million. According to data from the Urban Redevelopment Authority (URA), Grow-Tech Properties' bid is 21 per cent higher than the second highest bid by First Shine Management Services. The other two bidders were Eco-I which submitted a bid of...
A private residential site next to the Aljunied MRT Station from the government's reserve list has been triggered for sale. The Urban Redevelopment Authority (URA) said it had accepted an application from a developer, which has committed to bid at least S$95 million for the site. The land parcel was made available for sale through the Reserve List system on May 15. As the minimum price committed...
Property developers may be taking a more “conservative” stance when bidding for land, said analysts after the Urban Redevelopment Authority (URA) closed the tenders for two private residential sites at Upper Serangoon View yesterday. The adjacent land parcels attracted eight bids each, with Kingsford Development, owned by Chinese nationals, coming in top for both sites at S$258.8 million and S$201.6...
JTC Corporation (JTC) on Friday launched a plot of land in Woodlands Industrial Park E9 and another three at Tuas South Streets 11 and 13 for sale by public tender. JTC said all four sites are zoned for Business-2 development which means the area may be used for industry, warehouse, utilities and telecommunication purposes within a prescribed nuisance buffer zone. The 18,394.1 square-metre site at...
Kingsford Development submitted the highest bids for the two 99-year leasehold private residential sites at Upper Serangoon View. The two adjacent plots were put up for sale under the batch tender closing system, aimed at ensuring more prudent bids from developers. The Urban Redevelopment Authority (URA) said the first plot, Parcel A, attracted a total of eight bids. Kingsford Development placed...