Category Archives: Land Sales

Government to release four residential sites

Posted on 20 Apr 2013 | Comments Off on Government to release four residential sites

Government to release four residential sites estimated to yield 1,800 housing units in April 2013.

To provide developers and home-buyers with more choices in private housing, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing four residential sites for sale in April 2013 under the Government Land Sales Programme for 1st half 2013. These 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 are launched for sale today under the Confirmed List. The fourth site, an Executive Condominium site at Punggol Central, will be launched on 29 April 2013 under the Confirmed List.

The tender for the Punggol Central site will close on the same day as two other Executive Condominium sites at Punggol Drive and Yuan Ching Road – 30 July 2013. The latter two sites will be launched for sale in June 2013. The move to close the tenders on the same day is being initiated in response to feedback from the public and real estate industry that this could help moderate tender bids and, in turn, future property prices. The sites were chosen on the basis that all three are meant for Executive Condominium developments and slated for launch during the second quarter of this year.

Land Parcel at Anchorvale Crescent
The site is located in close proximity to Farmway LRT station and Tampines Expressway (TPE). It is also near Sungei Punggol, Sengkang Riverside Park, Sengkang Floating Wetland and Sengkang Sports & Recreation Centre.

Land Parcel at Faber Walk
Situated within an established residential estate, the 1.5 ha land parcel has direct access to the Ulu Pandan Park Connector, and is also near the commercial amenities at Jurong such as IMM, JCube, and the upcoming JEM and Westgate.

Land Parcel at Fernvale Close
The site is located in close proximity to Layar LRT station and has frontage to Sungei Punggol and the nearby facilities and amenities like Sengkang Riverside Park, Sengkang Floating Wetland and Sengkang Sports & Recreation Centre. The upcoming Seletar Mall is also located within walking distance.

Land Parcel at Punggol Central/Edgedale Plains
The site is located in close proximity to Oasis LRT station and Tampines Expressway (TPE). Amenities and facilities in Punggol town include the award-winning My Waterway @ Punggol, the Punggol Promenade and commercial malls such as Punggol Plaza and the upcoming Waterway Point.

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URA launches 3 residential sites for sale by public tender

Posted on 1 Aug 2012 | Comments Off on URA launches 3 residential sites for sale by public tender

The Urban Redevelopment Authority (URA) has launched the public tender for two 99-year leasehold residential sites at Farrer Road and Tai Thong Crescent (Parcel C) under the reserve list.

The Farrer Road plot has a land area of around 0.27-ha. With a maximum gross floor area (GFA) of 3,839 sq m, it is expected to yield 40 units.

Located near the Botanic Gardens MRT station, the site is linked to major arterial roads and expressways such as Dunearn Road, Bukit Timah Road, Farrer Road and the Pan-Island Expressway (PIE).

The land parcel was triggered for sale on 18 July when a developer submitted an application and committed a minimum bid of S$28.88 million.

Meanwhile, the other residential with first-storey commercial site at Tai Thong Crescent (Parcel C) has a land area of around 0.82-ha. It is expected to generate a GFA of 28,702 sq m or 265 residential units.

Parcel C is close to Potong Pasir MRT station and is easily accessible via major roads and expressways like Upper Serangoon Road, the Pan-Island Expressway (PIE), Kallang Paya-Lebar Expressway (KPE) and Central Expressway (CTE).

The URA announced on 11 July that a developer committed a minimum bid of S$154.47 million for the site to be launched for sale.

The tender for the Farrer Road and Tai Thong Crescent (Parcel C) sites will close on 28 August and 6 September respectively and the winning tenders will be based solely on the tendered price.

In addition, the URA has accepted an application from a developer to launch the tender for another residential site at Prince Charles Crescent. The developer committed a minimum bid of S$390 million for the site.

With an area of about 2.38-ha, the site is expected to yield a maximum permissible gross floor area (GFA) of 49,950 sq m.

Png Poh Soon, Head of Research at Knight Frank Singapore, expects “keen interest for this site”, with five to eight bidders.

The winning bid will likely range between S$780 psf ppr and S$850 psf ppr while the selling price could be around S$1,500 psf to S$1,600 psf.

“The site is within close proximity to Redhill MRT station and is well-connected to the CBD, Orchard Road and Sentosa via Tanglin Road and Alexandra Road. The future development may enjoy unblocked views of the landed estates at Chatsworth Park and Bishopsgate,” noted Png.

Source : PropertyGuru – 31 Jul 2012

 

 

 

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