Category Archives: Property Market / Real Estate

150 private homes returned last month

Posted on 20 Jun 2012 | Comments Off on 150 private homes returned last month

Home buyers returned a total of 150 private homes to property developers last month, according to Square Foot Research.

The units were bought in April and accounted for 5.7 percent of the more than 2,600 non-landed homes, including executive condominiums (ECs) sold during the month.

Most of the units returned came from projects like The Tampines Trilliant, Sky Habitat and Hillsta. This happens to be the highest figure in the last five years.

While experts feel that the absolute number of units returned is high, in percentage terms it is still in line with last year’s figures.

The spike could be attributed to robust home sales in April, which saw buyers acquiring the highest number of homes in nearly three years.

Source : PropertyGuru – 2012 Jun 20

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Two residential sites to yield 820 housing units

Posted on 20 Jun 2012 | Comments Off on Two residential sites to yield 820 housing units

Government to release two residential sites estimated to yield 820 housing units in June 2012

To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have launched two residential sites at Tanah Merah Kechil Road and Bright Hill Drive for sale by public tender today.

The two land parcels are launched for sale under the Confirmed List of the 1st half 2012 (1H2012) Government Land Sales (GLS) Programme. Together, these sites will yield about 820 units, as part of the total 7,000 residential units to be launched for sale under the GLS Programme for 1st half 2012.

Land Parcel at Tanah Merah Kechil Road
The site at Tanah Merah Kechil Road is located within an established private residential estate and is close to Tanah Merah MRT Interchange station. It is also easily accessible by expressways such as East Coast Parkway and Pan Island Expressway.

Land Parcel at Bright Hill Drive
Located at the heart of the rustic Thomson area, the site at Bright Hill Drive is close to MacRitchie Reservoir and Bishan Park. Bishan MRT and Marymount MRT stations are also located nearby and are easily accessible by public bus services.

Details of the land parcels and their location plans:

http://www.ura.gov.sg/sales/TnMerahK/CL/TMK-intro(CL).html
(Tanah Merah Kechil Road)

http://www.hdb.gov.sg/fi10/fi10330p.nsf/w/LandDevMangLandSalesBrightHillDrive?OpenDocument
(Bright Hill Drive)

Source: URA 2012 Jun 20

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