Tag Archives: Urban Redevelopmemt Board

New private home sales fall 19.4% in June

The number of new private homes sold in June continued to fall for the second consecutive month, according to the latest data released by the Urban Redevelopment Authority (URA).

Developers sold 1,371 private homes (excluding executive condominiums) in June, down 19.4 per cent from May when 1,702 units were sold.

May’s private home sales figures had dropped 32 per cent compared to April and, for the first time, bucked the strong sales growth momentum recorded in the first four months of the year.

In June, 1,111 new private homes in the suburban areas, or Outside Central Region (OCR), were sold, 8 per cent lower than in May.

The biggest dip in the number of sales came from the city fringes, or Rest of Central Region (RCR). 119 new private homes in the city fringes were sold — a 67.2 per cent decline compared to May.

But 141 new private homes in the city or Core Central Region (CCR) were sold, four per cent higher than in May.

The two top selling private condominium projects in June were River Isles located in Punggol with 263 units sold and Sea Esta in Pasir Ris with 255 units sold.

The best performing executive condominium sale was Watercolours at Pasir Ris, with 201 units changing hands in June.

Including executive condominiums, a total of 1,725 units of new homes were sold last month.

Source : CNA – 2012 Jul 16


URA to put site at Tai Thong Crescent up for public tender

The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the residential with 1st storey commercial site at Tai Thong Crescent (Parcel C) for sale by public tender.

The land parcel was made available for sale through the Reserve List system on 15 May 2012. URA received an application from a developer for the site to be put up for public tender. The developer committed to bid at a price of not less than $154,474,200 in the tender for the land parcel. As the minimum price committed by the developer is acceptable to the Government, the site will be released for sale by public tender.

In accordance with the procedures of the Reserve List system, URA is making public the minimum price committed for the site. However, the identity of the applicant will not be released. URA will launch the public tender for the site in about two weeks. The launch date will be announced later. The tender period for the land parcel will be about five weeks.

With a land area of about 0.82 ha, the residential with 1st storey commercial site is expected to generate a gross floor area of about 28,702 m2.

The land parcel is located near Potong Pasir MRT Station and is well connected to major arterial roads and expressways such as Upper Serangoon Road, Pan-Island Expressway (PIE), Central Expressway (CTE) and Kallang Paya-Lebar Expressway (KPE).

Source: URA – 2012 Jul 11