Tag Archives: private residential sites

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.

More private residential sites in Central Region

After establishing more employment hubs near the suburbs in the past few years, the government is auctioning off more housing sites in the Central Region in a bid to reduce workers’ commuting time.

Under the H2 2014 Government Land Sales (GLS) Programme’s Confirmed List, 33.2 percent of private housing supply is located within the Central Region, up from 28.9 percent in the first half of the year and 15.1 percent during the same period in 2013.

The proportion is also significantly larger than the recent low of 8.6 percent in H1 2012.

According to a URA representative in media reports, the sale and development of residential sites in the Central Region will provide more choices to home buyers, enabling them to live closer to their workplace.

Notably, this region consists of the Core Central Region (CCR) and the Rest of Central Region (RCR).

Image (by URA): Map of Central Region