Tag Archives: Land Sales

Govt to release 19 land sites yielding 8,770 homes

To meet the demand for private residential units and commercial space over the next few years, six confirmed and 13 reserve list sites will be released in the Government Land Sales (GLS) Programme for the first half of 2015, according to the Urban Redevelopment Authority (URA).

These sites will generate up to 8,770 homes, including 1,010 executive condominium (EC) units.

Around 3,020 homes can be generated from the confirmed list, including one EC site of 490 units. The plots are located in the Outside Central Region (OCR) and Rest of Central Region (RCR).

The reserve list consists of nine private residential sites (including one EC site), one commercial and residential site, two commercial sites and one White site. Altogether, they could yield some 5,750 residences and 265,000 sqm gross floor area of commercial space.

Located at Holland Road, the commercial and residential site is the first one to be launched under the Holland Village Extension plan unveiled in the Master Plan 2014. According to URA, a Concept and Price Revenue Tender will be adopted for this site. This is to ensure its future development enhances the unique charm and distinctive urban village character of the Holland Village Identity Node.

The other two commercial plots are at Woodlands Square in Woodlands Regional Centre and at Beach Road.

The site in Woodlands will sustain the development momentum of Woodlands Regional Centre as a major commercial node outside the city. It is also in line with the government’s objective of decentralising employment centres to bring job opportunities closer to homes.

The White site at Marina View is slated for mainly office development. Together with the Beach Road and Woodlands Square sites, it will allow developers to build more office space if there is demand.


Tender for Tampines site pushed back

The closing date for a residential site tender at Tampines Avenue 10 (Parcel B) has been pushed back to 16 July from 2 July, according to the Urban Development Authority (URA). This is in light of the new housing loan measures announced by the Monetary Authority of Singapore (MAS) last Friday.

URA hopes the extension will give prospective bidders more time to assess the latest rules before submitting their bids.

The curbs on MAS-regulated financial institutions are expected to help “enhance credit underwriting practices for property loans granted to individuals and encourage financial prudence among borrowers”.

Offered on a 99-year lease, the site has a land area of 184,094 sq ft and a maximum gross floor area (GFA) of 515,473 sq ft, and is expected to yield 530 housing units.

Source : PropertyGuru – 1 Jul 2013